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EU ban on Russia could affect 3M barrels crude per day: Fitch
- Russia’s total production projected to decline by 2-3M barrels per day by end-2022, says global rating agency
EU's gas usage plans may result in further €250B in bill by 2030 due to high prices
- EU's new proposal to cut reliance on Russia's fossil fuels will only cut bills by €47 billion, showing need for stronger renewables target
Russian oil import cuts to EU will be difficult in short-term: experts
- Crude oil volumes at risk from a complete EU embargo are estimated to be around 3.0 million bpd
EU Commission chief proposes oil embargo on Russia
- 6th round of sanctions would hit oil imports, banks, military officials responsible for Bucha massacre
Germany signals green light for Russian oil embargo
- German economic minister calls on all EU countries to reduce their dependence on Russian energy as quickly as possible
EU gas buyers on horns of dilemma as Russia insists payments in rubles
- EU officials say paying in rubles means breaching sanctions, though Germany imports highest amount of Russian gas
Electricity and gas bill rise in EU households in 2H21
- Cheapest electricity and gas per 100 kilowatt-hours is in Hungary at €10.01 and €3.05, respectively
Efforts to wean off Russian fossil fuels act as catalyst for clean transition acceleration
- Phasing out fossil fuels requires rapid and massive deployment of renewables as well as reducing demand
EU Commission vows ‘immediate, united’ response to Russia’s gas supply cut
- ‘Era of Russian fossil fuel in Europe is coming to end,’ says European Commission President Ursula von der Leyen
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India capitalizes on Russian oil imports previously destined for Europe
- Total Urals arrivals in northwest European and Baltic ports drop by around 460,000 barrels per day, around 620,000 in March and down to 370,000 in April
Replacing Druzhba p/line flows poses difficulties for EU’s Russian oil phase-out plan
- As one of world's largest oil pipelines, Druzhba carries around 35% of total Russian crude for EU
EU to discuss Russia oil embargo next week: Official
- Bloc’s latest sanctions package against Russia will not yet include ban on Russian oil export, says foreign policy chief
Russia accuses EU of using energy resources as 'blackmailing' tool
- Deputy foreign minister says EU acting to its own disadvantage by making statements about refusing Russian gas, causing energy costs to rise
EU coal prices jump after ban on Russian imports
- Russian coal accounts for 54% of EU's total coal imports in 2020
Poland ready to stop importing Russian hydrocarbons: Senior Polish diplomat
- Poland welcomes EU’s cooperation with US to decouple from Russian energy commodities, says deputy foreign minister
Turkiye becoming strategic energy hub for Europe: Report
- Confidential report sent to German lawmakers underlines Turkiye’s growing importance for Germany, Europe in wake of Russia’s war on Ukraine
EU summit ends with no solution to high energy prices
- EU to 'step up our support to Ukraine, sharpen sanctions and break free from Russian fossil fuels,' says EU Commission head
26.03.2022
Europe
EU leaders discuss energy prices on day 2 of summit
- Heads of state, government set to endorse new defense, security action plan on setting up 5,000-strong quick reaction force
Under new deal, US to supply more liquefied gas to EU
- EU, US strike deal on additional 15 billion cubic meters liquefied natural gas to curb dependence on Russian energy
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Turkiye, EU could form joint clean transition strategy to reduce import gas reliance
- Both sides could establish task force to evaluate common actions for development
EU approves new set of sanctions against Russia over Ukraine war
- 4th package of sanctions targets individuals, entities, as well as several sectors of Russian economy, says French presidency
Russian billionaire resigns from biggest coal company after EU sanctions
- By end of 2021, legal entity representing billionaire Andrey Melnichenko's interests indirectly owned 92.2% of company's share capital
EU leaders to discuss Ukraine war, defense reforms
- Ukraine’s EU membership will also be on agenda of summit starting on Thursday afternoon in Versailles, France
IEA proposes plan to reduce EU reliance on Russian gas supplies by one third
- Kadri Simson, European Commissioner for Energy, says EU Commission is also planning to propose a pathway next week
Ukrainian power grid to connect with European grid as soon as possible
- This step would also link Moldova to EU grid, senior EU official says
EU proposes public subsidies to boost microchips production
- European Commission reveals plan on turning bloc into leader in semiconductors market by 2030
EU proposes regulation to define nuclear energy and gas as 'green investment'
- EC introduces legislative proposal that includes new rules on classification of energy investments as climate-friendly in EU
Rising energy prices unsustainable: EU chief
- Ursula von der Leyen stresses Europe's future energy security "clearly depends on clean home-grown energy"