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By Rhod Mackenzie

The European Union (EU) Council has not yet received any official proposals for the new package of sanctions to be imposed against Russia, according to an official EU representative who spoke to the newspaper Izvestia. However, the European Parliament anticipates that new measur...

By Rhod Mackenzie

The project documentation for the Soyuz Vostok gas pipeline through Mongolia to China is expected to be approved in the first quarter of next year, paving the way for construction to commence.

The Deputy Prime Minister of the Russian Federation, Victoria Abramchenko, announced...

By Rhod Mackenzie

The member countries of the Shanghai Cooperation Organization (SCO) should contemplate the matter of establishing their own payment and settlement system while improving exchange trading in their respective national currencies.

According to the Russian Prime Minister Mikhail Mi...

By Rhod Mackenzie

In early October, Brazil significantly increased its imports of Russian diesel fuel, despite restrictions on its export being imposed by the Russian authorities. By the second half of October, Brazil had even become the largest destination for diesel fuel exports from the Russian...

By Rhod Mackenzie

For the second winter in a row, Europe's energy strategy is largely based on the hope of a warm winter and low economic demand for gas. Despite these and a number of other favourable factors, the price of electricity is fluctuating around 50 euros per MWh (525 euros per thousand...

By Rhod Mackenzie

The International Energy Agency (IEA) has released its recent long-term forecast, World Energy Outlook. According to the report Russia's gas industry faces a bleak future with its market share predicted to decrease by half on the global platform. It is crucial to determine the ev...