World news

Iran sharply reduces oil prices, competes with Russia to sell to China

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Iran has sharply reduced its already cheap crude oil prices to sell to China in the context of Russia becoming the leading supplier to Beijing.

Forecast of when Russian gas delivered to the EU will drop to a record level

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The International Energy Agency (IEA) forecasts that Russian gas deliveries to the European Union (EU) will fall by more than half in 2025.

Japan affirms it will not give up its interests in oil and gas projects with Russia

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Japan has asked Russia to " Speak more clearly" about the recent decree regarding the Sakhalin-2 oil and gas project, Foreign Minister Yoshimasa Hayashi said at a press conference on July 5.

Germany predicts unwanted prospects in the EU when cutting off Russian gas

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The EU may disagree on gas distribution, amid a growing shortage, the leader of Germany's Christian Democratic Union (CDU) warned earlier this week.

Finland, Sweden officially begin NATO membership process

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The process of ratifying Finland and Sweden to join NATO officially kicked off on July 5.

Another large Chinese real estate corporation goes bankrupt

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China's real estate crisis has deepened as another large Shanghai real estate group went bankrupt.

Former US Secretary of State Kissinger responds to criticism from Ukrainian President

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Former US Secretary of State Henry Kissinger said that the criticism of the Ukrainian president towards the comments he made was incorrect.

Germany negotiates demand for gas pipeline equipment to return to Russia

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Germany is negotiating with Canada and the European Commission on how to return key components to Russia's Nord Stream gas pipeline.

China speeds up buying cheap Russian coal

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China is still accelerating its purchases of Russian coal despite lower demand and higher domestic coal production.

Russia becomes the largest strategic supplier to India

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Russia supplies fertilizer to India at lower prices than China, Saudi Arabia, Morocco and Jordan.

Governor Kaliningrad: Russia could cause half of Lithuania's economy to decline

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Kaliningrad Governor Anton Alikhanov said Russia could weaken half of Lithuania's economy to deal with the European country's blockade of Russia's Kaliningrad region.

Russia declares complete control of Lugansk Republic in Donbass

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Russian Defense Minister Sergei Shoigu reports to Russian President Vladimir Putin on the complete control of the Lugansk People's Republic in Donbass, Ukraine.

Ukraine admits the last fortress in Donbass may fail

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President Volodymyr Zelensky's adviser acknowledged that the city of Lysychansk - Ukraine's last major fortress in Donbass - could fall.

President Putin signs surprise decree on oil and gas in the latest economic retaliation

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Russian President Vladimir Putin signed a new decree on the Sakhalin-2 oil and gas project in the latest economic retaliation.

Russia warns of new "Iron screen" in Europe

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Russia and Belarus believe that this time, the West has erected a new "Iron screen" in Europe.

China announces shocking anti-corruption figures for 10 years

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China claimed victory in a decade-long anti-corruption war with shocking numbers.

Supersonic missile failed again, US suffered a big shock

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The US hypersonic missile failed another test, dealing a heavy blow to the country's already problematic weapons program.

Asian leader proposes to mediate to "resolve" the Ukrainian war

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The G-20 president is the first Asian leader to visit Kiev and Moscow since the Russia-Ukraine conflict began.

Germany: The world's largest chemical giant is about to close due to Russian gas shortage

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The world's largest chemical plant in Germany may have to close due to reduced Russian gas supply.

Russia warns: NATO member attacks Crimea will spark World War 3

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A NATO member's attack on Crimea could lead to World War III, Russian Security Council Vice Chairman Dmitry Medvedev warned.