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.
Austria: There is no such thing as Ukraine joining the EU soon
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It will take more than 10 years for Ukraine to join the EU, according to Austrian EU Affairs Minister Karoline Edtstadler.
Big explosion blows away luxury hotel wall in Cuba, many people killed
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A powerful explosion blew up the walls of a 5-star hotel in the center of the Cuban capital on June 6, killing at least 9 people and injuring 40 others. The latest blast in Cuba appears to have been caused by a gas leak.
China's oil and gas giant speaks out about buying Russian oil at reduced prices
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The Chinese oil and gas giant has said it is not looking to buy discounted Russian oil.
Germany could face serious difficulties if EU bans Russian oil
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German Economy Minister Robert Habeck warned that eastern Germany will face a shortage of gas if the EU passes the ban on Russian oil imports.
Ukraine gives time for a general counterattack against Russia
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Ukraine could counterattack Russia when it has enough Western-made weapons.
US promises to ensure security if Sweden submits application to NATO
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Sweden said it had received US security guarantees during the period of Stockholm's application for NATO membership.
USD drops from 20-year high, down from ruble
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The ruble has a record high against the USD, while the greenback index fell from a 20-year high on May 4.
Ukraine declares it has not abandoned its plan to join NATO
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Ukraine has said it has not abandoned its plans to join NATO, criticizing the alliance for its released speech.
EU may exempt 2 member states from Russian oil embargo
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The European Commission is proposing a blockade of Russian oil, but could exempt Hungary and Slovakia to reach EU consensus.
Russia simplifies gas payment in rubles
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To facilitate gas payments in rubles, Russia has amended tax laws for foreign companies.
Russian gas supplies to China increase rapidly
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Russian gas supplies to China increased sharply in the first 4 months of 2022 in the context of Moscow reducing supplies to Europe.
10 EU countries quietly buy Russian gas in rubles
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A senior Hungarian official said that the 10 EU countries are technically buying Russian gas in rubles.
Hundreds of people evacuated from Azovstal steel factory in Ukraine
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Ukraine reported that about 100 people had fled the Azovstal steel factory in Mariupol city on May 1.
Ukraine calls on China to ensure security again
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Ukraine has called on China to mediate a Russia-Ukraine ceasefire and act as a "security haven" for Kiev.
Russia gives a letter to Finland: "No rubles - no gas"
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The Finnish government and companies are preparing for an end to Russian gas supplies in less than three weeks.
