European Commission President Ursula von der Leyen has called on the European Union’s 27 member states to ban the import of Russian oil as part of the sixth package of sanctions against Moscow following Russia’s invasion of neighboring Ukraine. “Let us be clear: it will not be easy. Some member states are strongly dependent on…

The Austrian government and E-Control—the country’s regulatory agency for gas and electricity—have announced a stage one alert with regard to the supply of natural gas as European countries rejected Moscow’s push for gas to be paid in rubles. Austria’s gas emergency plan has three levels. The first level is triggered if there are reliable indications…

The Russian invasion of Ukraine, on top of the refusal of OPEC nations to increase crude oil production, pushed February prices for Australian petrol prices in the five largest capital cities to an eight-year high. The Australian Competition & Consumer Commission’s (ACCC) latest quarterly petrol report found that the daily average petrol prices in Sydney,…

The Biden administration has imposed several rounds of sanctions against Russia since it invaded Ukraine. However, without cutting off the import of Russian oil and gas, the United States is funding Russia’s invasion with about $75 million a day, said Rep. Greg Murphy (R-N.C.). “We are actually importing approximately $75 million worth of dirty Russian…