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Europe on Energy Saving Mode as Russian Gas Dries-Up

August 4, 2022 Vinayak Barot

New Delhi: In the view of saving energy, the authority in Berlin has switched off the lights at public monuments and turned off heating at city-run buildings like leisure centers. The gas import from Russia has reduced drastically in the last few days. Germany uses gas for heating – around 15 percent goes to generating electricity […]

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Russia’s ‘Gas Card’, Biden Administration Working to Keep European Allies United

July 27, 2022 Vinayak Barot

_Vinayak Barot New Delhi: The strategic step taken by the Moscow government has forced the Biden Administration to think smartly and work to keep the European allies united. The scarcity of gas for cooking and other purposes may surge in the upcoming winter in Europe as a few hours back, the Russian state-owned company ‘Gazprom’ […]

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Russia to make a drastic cut to Europe’s gas supply

July 26, 2022 Vinayak Barot

New Delhi: Russia’s Gazprom said on Monday it was halting another turbine in the Nord Stream 1 pipeline to Germany and that flows of gas would fall to the equivalent of just one-fifth of normal capacity. The new blow to supply comes at a moment of high tension, as Russia and the West exchange economic blows […]

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Warning Bell: UK battles heatwave, Records the highest temperature

July 20, 2022 Vinayak Barot

New Delhi: Hundreds of firefighters battled blazes across England on Tuesday as temperatures surged to a historic high of 40.3C. Constant two days of extreme heat that scientists warn is “a wake-up call” for the climate emergency. The temperature is set to drop by up to 10C in some areas on Wednesday, with heavy showers and […]

Closing plenary meeting of Russian State Duma spring session

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Russia to set tougher conditions in case of resumption of talks with Kyiv

July 20, 2022 Vinayak Barot

New Delhi: Russia will put forward tougher conditions in terms of both substance and time if talks with Ukraine are resumed, Leonid Slutsky, leader of Russia’s Liberal Democratic Party (LDPR) and a member of the Russian delegation to the talks with Ukraine, said on Tuesday. “Today the conditions from our side will be tougher both […]

Business

Euro hits parity against the dollar for the first time since December 2002

July 13, 2022 Vinayak Barot

New Delhi: The euro has hit parity with the US dollar for the first time since December 2002 as the euro-dollar pair traded below 1 on Tuesday, according to Forex Capital Markets. EUR/USD hits fresh 20-year low below 1.0300 on growing recession fears. EUR/USD is accelerating its decline below 1.0300, hitting the lowest level since November […]

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Russia defaults on Eurobonds: Moody’s

June 28, 2022 Vinayak Barot

New Delhi: Moody’s said that Russia had defaulted on its foreign debt obligations, according to a statement published on the agency’s website on Monday. “On 27 June, holders of Russia’s sovereign debt had not received coupon payments on two Eurobonds worth $100 million by the time the 30-calendar-day grace period expired, which we consider an event […]

Business

Serbia will not be able to import Russian oil from November 1 due to EU sanctions

June 15, 2022 Vinayak Barot

New Delhi: From November 1, Serbia will not be able to import Russian oil due to EU sanctions, Serbian President Aleksandar Vucic said on Tuesday. “Dozens of new problems emerge every day. We consume 350 tonnes of fuel oil daily, and in winter we will spend seven times more. We need to find fuel oil, there […]

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EU not discussing gas embargo against Russia: Confirms Austrian Chancellor

May 31, 2022 Vinayak Barot

New Delhi: An embargo imposed against Russian gas supplies will not be part of the next sanctions package of the European Union on Moscow, Austrian Chancellor Karl Nehammer told reporters on Tuesday. “The gas embargo will not be a topic, German Chancellor Olaf Scholz has made this clear as well,” he said, adding that “a gas […]

President Putin meets with Russian Government members

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Putin to speak at Eurasian Economic Forum by video link: Kremlin

May 23, 2022 Vinayak Barot

New Delhi: Russian President Vladimir Putin will take part in the Eurasian Economic Forum in Bishkek at the end of May by video link, Kremlin Spokesman Dmitry Peskov media on Sunday. “He will take part by video link,” he said when asked if Putin will participate. The chairmanship of the Eurasian Economic Union passed to […]