Europe at risk of energy rationing this winter, warns IEA June 8, 2022 Europe is at risk of energy shortages and rationing this winter after Russia's invasion of Ukraine, warned the head of the IEA.
US successful seizure of Russian oligarch’s £259m superyacht in deemed-safe Fiji sends shockwaves through Moscow June 8, 2022 Russian oligarchs in Moscow and around the world woke up to the shock news this morning that American authorities won a legal battle late last night to seize a Russian-owned superyacht in Fiji and they wasted no time in taking command of the £259m vessel. The court ruling represented a significant victory for the US [...]
Black Wednesday: Russian Army close to capturing entire Donbas region while Kremlin sends hundreds of bodies to Kyiv June 8, 2022 The Kremlin claims this morning the Russian Army has taken control of 97 per cent of one of the two provinces that make up the Donbas region, as it is drawing closer to its goal of fully capturing Ukraine’s eastern industrial heartland. It also appears that Russia now occupies roughly half of Donetsk province, according [...]
British Gas boss slams rivals for not supporting plans to ringfence credit balances June 7, 2022 British Gas hits out at rival firms not backing its plans to ringfence the credit balances of customers, as part of plans to toughen up the energy sector.
Zelensky ‘glad we haven’t lost a very important ally’ for Ukraine after Johnson wins confidence vote June 7, 2022 Ukraine’s president Vlodymyr Zelensky has breathed a sign of relief that Boris Johnson won a confidence vote last night, saying he’s “glad we haven’t lost a very important ally.” His praise comes after Boris Johnson narrowly escaped being removed as leader with a slimmer margin of the vote then his predecessor Theresa May had in [...]
No looting, Putin? Ukrainian woman spots her own belongings loaded on a Russian tank June 7, 2022 A Ukrainian woman from Popasna says she spotted her belongings loaded on a Russian tank in a photo taken by Reuters. Watch the full video report.
Allianz to take €400m hit after selling majority stake in Russian business June 7, 2022 Allianz has said it will take a €400m hit on its Russia operations, after agreeing to sell a majority stake in the business to the London registered company that owns one of Russia’s major insurance companies. The German insurer has agreed to sell a 50.1 per cent stake in its Russian business to London registered [...]
Oil prices could take seven years to calm down, warn industry experts June 7, 2022 Oil prices could take seven years to return to normal levels, warned energy analysts, reducing the prospect of the windfall tax being lifted early.
US issues seizure warrant for two planes ‘owned and controlled by Roman Abramovich’ worth £320m June 7, 2022 The United States has issued a warrant for the seizure of two jets owned by Roman Abramovich worth £320m ($400m). The ex-Chelsea owner’s $350m Boeing and $60m Gulfstream are now “subject to seizure and forfeiture” owing to violations of export controls set up by Joe Biden, to put pressure on Russia. Both planes were flown [...]
Oil markets volatile as Saudi Arabia hikes crude prices June 7, 2022 Oil prices continued to hover around the $120 milestone, after Saudi Arabia raised its July crude prices amid tightening supplies.