Germany s vice chancellor says his nation must think outside of the box when it comes to ending dependence on russian energy and embrace ideas that were previously seen as, quote, unrealistic. his comments come after russia capped natural gas supplies over their refusal to pay in rubles. two major european companies said they re working on a way to make the ruble payments without running afoul of sanctions. they are in talks to find a sanctions-compliant solution. hungary says it will use moscow s payment scheme. let s check in on the global markets now. the shanghai composite over 2%.
Previously seen as, quote, unrealistic. his comments coming a day after the russian president, vladimir putin, sent shock waves through europe by cutting off natural gas supplies to poland and bulgaria over their refusal to pay in rubles. two leading european energy companies said on thursday they re working on a way to make the ruble payments without running afoul of sanctions. now, germany s uniper and austria s omv confirmed they re working on a sanctions compliance solution. on wednesday, hungary said it will use moscow s payment scheme to pay for its oil and gas. a former senior official of gazprombank says he resigned from his post and left russia as an act of dissent after the invasion of ukraine. igor volobuev was a vice president at gazprombank who worked at the company for six years. he spoke to cnn s nina dos santos. here is her report.
India could be buying Russia’s flagship Urals grade at discounts of as much as $35 a barrel on prices before the war. Given that Brent prices have risen more than that since the war began, substantial savings can accrue from the deep discounts
A roundup of news and commentary from NGI’s LNG Insight European natural gas prices fluctuated on Thursday as the market awaited more clarity on whether