Russia
Nord Stream 2 cost $11 billion to build. Now, the Russia-Europe gas pipeline is unused and abandoned
A worker adjusts a pipeline valve at the Gazprom PJSC Slavyanskaya compressor station, the starting point of the Nord Stream 2 gas pipeline, in Ust-Luga, Russia, on Thursday, Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images One of the early casualties of Russia’s invasion of Ukraine — and its continuing geopolitical and economic fallout […]
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Wall Street banks love these energy stocks — and two are on Goldman’s conviction buy list
Goldman Sachs and Bank of America have identified their top energy stocks to buy, two of which are on Goldman’s coveted conviction list. Source
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Vladimir Putin feels his military leaders misled him about Ukraine, declassified intelligence shows
WASHINGTON — Newly declassified U.S. intelligence indicates that Russian President Vladimir Putin feels he was misled by military leaders who did not tell him key details about the botched invasion of Ukraine because they feared angering him, top Biden administration officials said Wednesday. “We believe that Putin is being misinformed by his advisers about how […]
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U.S. sends 100 killer drones called Switchblades to Ukraine
WASHINGTON – The U.S. included 100 killer drones in a colossal weapons package for Ukraine that President Joe Biden approved earlier this month, U.S. officials confirmed Wednesday. Celeste Wallander, assistant secretary of Defense for international security affairs, told lawmakers that Kyiv asked for the weapons, which are dubbed “kamikaze drones,” as it fights off a […]
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German economic advisors send recession warning as Putin’s gas deadline nears
Berlin’s Brandenburg Gate on the occasion of the Earth Hour, on March 26, 2022. Tobias Schwarz | Afp | Getty Images Germany’s heavy reliance on Russian energy could tip its economy into recession, an independent economic think tank warned on Wednesday. There are rapidly rising concerns over what Russia’s unprovoked invasion of Ukraine will mean […]
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Putin might be seen as a ‘mad dictator’ — but he has built powerful barriers to prevent a coup
Russian President Vladimir Putin delivers a speech during a concert marking the eighth anniversary of Russia’s annexation of Crimea at Luzhniki Stadium in Moscow, Russia March 18, 2022. Sergey Guneev | Sputnik | Reuters If his reputation wasn’t bad enough before Russia’s unprovoked invasion of Ukraine, President Vladimir Putin is now even more widely seen […]
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Russia’s pledge to scale back in Ukraine met with skepticism; EU to put pressure on China
Sanctions on Russia to continue until we see de-escalation, Italy’s Di Maio says Italian Foreign Minister Luigi Di Maio told CNBC’s “Squawk Box Europe” that sanctions on Russia will continue until Italy sees military de-escalation in Ukraine. Japan skeptical over Russian pledge to cut military operations Japan has expressed skepticism over Russia’s pledge to reduce […]
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European markets pull back amid doubts over latest Russian pledges over Ukraine
LONDON — European stocks retreated on Wednesday following the latest round of talks between Russia and Ukraine, aimed at finding a solution to the conflict. The pan-European Stoxx 600 fell 0.5% in early trade, with autos shedding 1.6% to lead losses, while oil and gas stocks gained 2.1%. In terms of individual share price movement, […]
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EU to pressure China at virtual summit over its stance on Russia-Ukraine war, sources say
President of the European Commission Ursula von der Leyen delivers a statement in Brussels. Kenzo Tribouillard | AFP | Getty Images The European Union wants to put pressure on China to be neutral with its stance over Russia’s recent invasion of Ukraine, sources with knowledge of the matter told CNBC ahead of a virtual meeting […]
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European markets climb as Ukraine-Russia talks begin; Stoxx 600 up 1.8%
LONDON — European stocks advanced on Tuesday as another round of Ukraine-Russia talks got underway. The pan-European Stoxx 600 climbed 1.8% by mid-afternoon, with autos jumping 4.5% to lead gains as all sectors and major bourses traded in positive territory. In terms of individual share price movement, Swedish investment company Storskogen Group added more than […]
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