Ukraine to withdraw from key city of Severodonetsk as Russia’s advance grinds on

CNN – Ukrainian forces are withdrawing from Severodonetsk, effectively ceding the city to Russia and putting the eastern Ukrainian region of Luhansk almost fully under Russian control following months of grueling and bloody fighting Severodonetsk was one of the last major Ukrainian strongholds in the area. Serhiy Hayday, a top military commander in east Ukraine, … Read more

Kaliningrad standoff could reveal if Russia wants to ‘escalate’ | Russia-Ukraine war News

Last Saturday, Lithuania banned the transit of goods subjected to European Union sanctions through its territory to the Russian exclave Kaliningrad, which is on the Baltic Sea and about 1,300km (800 miles) from Moscow. Lithuania said the move was in line with European sanctions. Infuriated, Moscow called it a “blockade” and promised to respond. The … Read more

Russia’s ruble is at strongest level in 7 years despite sanctions

Russian one ruble coin and Russian flag displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on March 8, 2022. Facebook Facebook logo Sign up for Facebook to connect with Jakub Porzycki Nurphoto | Getty Images Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of … Read more

Moscow threatens NATO member Lithuania over transit ban on goods to Russia’s European exclave Kaliningrad

Lithuania’s decision to ban the transit of certain goods between Russia and its isolated exclave of Kaliningrad has provoked wrath among top officials in Moscow, and even a threat of retaliation against the European nation. Kaliningrad shares land borders with two NATO nations, Lithuania and Poland, but not Russia. Captured from Nazi Germany by the … Read more

Russia and NATO member Lithuania are clashing over Kaliningrad

A sign reading ‘Kaliningrad’ stands atop the main city’s south railway station. Kaliningrad is a small Russian exclave located on the Baltic Sea and sandwiched between Lithuania and Poland. It has become the center of a spat between Russia and NATO-member Lithuania. Harry Engels | Getty Images Sport | Getty Images A new front in … Read more

Natural Gas In The Limelight As Power Demand Soars

While oil markets remain incredibly tight, it is natural gas markets that are making headlines in energy markets this week. Russia is sending less natural gas to European countries and Northeast Asian nations are seeing power demand surge amid intense heatwaves. Chart of the Week – Russian pipeline gas supplies have dropped to their lowest … Read more

Vladimir Putin Is Dreaming of This Nightmare End to the War in Ukraine

As Russia’s invasion of Ukraine passes its hundredth day, it’s no surprise that experts, scholars, and pundits are obsessively writing about how this war may end. The most optimistic among them are convinced that Russia’s military effort may fizzle out in the next couple of months. They speculate that Russia will run out of the … Read more

Europe turns to coal as Russia squeezes gas supplies

German Economy Minister Robert Habeck has warned that the situation is going to be “really tight in winter” without precautionary measures to prevent a supply shortage. Ina Fassbender | Afp | Getty Images Reduced flows of Russian gas and the specter of a full supply disruption have prompted some European governments to reconsider coal, one … Read more

Russia declares gas war on EU – POLITICO

Press play to listen to this article Russian President Vladimir Putin is playing hardball with the European Union – cutting off gas deliveries to some of Russia’s best customers in a howl of rage at the sanctions imposed after invading Ukraine. It’s putting enormous political pressure on governments, threatens to leave Europeans freezing if this … Read more

Russia declares gas war on EU – POLITICO

Press play to listen to this article Russian President Vladimir Putin is playing hardball with the European Union – cutting off gas deliveries to some of Russia’s best customers in a howl of rage at the sanctions imposed after invading Ukraine. It’s putting enormous political pressure on governments, threatens to leave Europeans freezing if this … Read more