Tag: fuel
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Russia suffers from widespread fuel shortages: US sanctions on Russian oil back in place
Russia is suffering from widespread fuel shortages as Ukraine’s campaign against the Russian oil and gas industry begins to have a serious impact on domestic fuel supplies. Long queues at petrol stations, including in Moscow and Saint Petersburg, are being filmed across Russia, with many Russian citizens complaining that they cannot find fuel, while others…
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Up to €20 million additional subsidies on fuel and electricity spent in March
According to a very conservative estimate, if the government is forking out up to €250 million of subsidies every year to keep oil and gas prices at a $60 level, with gas set at an oil price benchmark, and purchasing the oil at an average of $70, the government would have spent at least up…
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EU Commission to come up with toolbox to address energy prices: Council condemns deteriorating situation in Gaza and the West Bank
The European Council met in Brussels yesterday to discuss the ongoing ramifications of the war in Iran and also to discuss Europe’s support for Ukraine. President Volodomymyr Zelensky was also present in Brussels for meetings with EU officials. There was however, no update over the EU €90 billion loan to Ukraine which was vetoed by…
