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.

Billionaire Elon Musk asks Tesla to temporarily suspend global recruitment

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The world's richest billionaire Elon Musk has just sent a letter to Tesla leaders about a "temporary global recruitment suspension", and mentioned a 10% cut in human resources for the entire apparatus.

Sri Lanka arrests Russian plane

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Russian airline Aeroflot's plane was forced to cancel flights from Colombo, Sri Lanka to Moscow after local authorities banned flights from leaving the country.

Turkey proposes transit of Russian gas to EU

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Turkey could become a transit point for Russian gas, the energy ministry said.

The last EU country to join the European Union's defense bloc

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Denmark becomes the last EU member to join the European Union's defense bloc.

EU country still imports Russian gas after cutting off

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The Netherlands continues to import Russian gas after Gazprom stopped supplying gas to GasTerra because the company did not pay in rubles.

EU's leading economy has the highest inflation in 5 decades

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Inflation in the EU's leading economy has reached 7.9%, the highest level since the oil crisis in 2013.

Russian crude oil exports to India surge

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Russian crude oil exports to India in May increased to 24 million barrels compared to an average of 960,000 barrels last year.

Russia takes action to prevent the ruble from rising sharply

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A strong ruble could pose a risk to the Russian economy, forcing the Russian central bank to intervene.

Finland plans to deploy US F-35 near Santa Claus village

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The first US-made F-35 is expected to arrive in Finland in 2026.

Ukrainian President Requests Clear across- your-EU answer

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The Ukrainian president asked EU member states to provide a clear answer on whether Kiev can join the EU.

Russia speeds up crude oil sales to India

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Russian crude oil sales to India increased by 1.5 times in March.

Ukrainian officials threaten NATO member

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Ukrainian officials threatened a "possible problem" with the oil pipeline to Hungary, a NATO member state.

Israel blocks Germany, US supplies cruise missiles to Ukraine

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Israel has rejected the US request to allow Germany to supply anti-tank Spike missiles to Ukraine.

Overthrown, EU stuck in sanctions on Russian oil

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The European Commission president admitted that there is no hope of achieving a blockade on Russian oil at the EU summit next week.

Abandoning Russian energy, the EU risks paying a "permanent" price

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The EU warned that consumers will have to pay the price for giving up cheap Russian energy.