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.

Western banks plan to exchange assets to withdraw from Russia

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Western banks are said to be looking to mitigate huge losses caused by withdrawals from Russia.

Russian economy holds on to better sanctions than expected

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The Russian economy is dealing with the Western sanctions better than expected, JPMorgan Chase said.

Vice Chairman of the Russian House of Representatives visits the Kherson region in Ukraine

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Russian lawmaker Anna Kuznetsova visited the Kherson region in Ukraine to discuss the social needs and health care of local people.

Important NATO member opposes Sweden and Finland's joining

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Turkish President Recep Tayyip Putin said on May 13 that Turkey opposes the possibility of Sweden and Finland joining NATO.

Russia cuts off Finland's power

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Russian energy supplier RAO Nordic has stopped selling electricity to Finland since May 14 due to payment issues.

Russia warns of a possible "Siry scenario" in Ukraine

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Lieutenant General Igor Kirillov, head of the Russian Russian radiological, Chemical and Biological Protection Forces, accused Ukraine of plotting to use weapons of mass destruction to blame the Russian army, similar to the scenario that occurred in Syria.

Finnish President declares immediate application for NATO membership

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The President and Prime Minister of Finland issued a joint statement on the morning of May 12 saying that the country must submit an application for NATO membership immediately, deciding to reverse the neutral stance maintained by Helsinki since the Cold War.

Ukraine suffered heavy losses in its efforts to reclaim the frontland

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Ukraine suffered heavy damage in its sea and airstrikes aimed at recapturing the outpost island off the coast of Odessa.

US signs law allowing unlimited sending of weapons to Ukraine

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The 2022 Lending - Leasing Act will allow the US to send unlimited weapons to Ukraine.

The bold plan for North Korea by the new President of South Korea

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South Korean President Yoon Suk-yeol today swore in office, pledged to rebuild the country, and proposed to restore the North Korean economy with a " bold plan" if Pyongyang takes steps to denutilize.

EU to issue decision on Ukraine admission

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The Next Level in EU History will be written by Ukrainians, according to the European Commission President.

Russia reveals new oil buyers

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The Russian government said some new customers are buying Russian crude oil.

Russia - China trade turnover in the first 4 months of the year reached 51 billion USD

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Trade turnover between Russia and China from January to April this year increased by 25.9% over the same period last year, reaching 51.09 billion USD, according to the General Administration of Customs of China on May 9.

An EU country strongly opposes the ban on Russian oil

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The EU has so far failed to reach an agreement on a new package of sanctions against Russia, as Hungary continues to protest Russia's ban on oil imports.

Russia's surprise move on the Nord Stream 2 gas pipeline

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Russia will not let the Nord Stream 2 gas pipeline, which was completed to transport gas from Russia to Germany but has not been approved, go to waste.