Stockholm Arbitration Tribunal has issued a decision in favor of Polish oil and gas company PGNiG. The decision changes the method of pricing for Russian gas, attaching it to the prices for gas in Western Europe and is backdated...
The falling oil prices combined with the extra-budgetary spending requirements needed to support ailing businesses means that Russia’s National Welfare Fund will most likely be empty much earlier than previously thought. Moscow...
Will it, won’t it? The future of the Nord Stream 2 gas pipeline linking Russia and Germany is almost upon us and it’s still no clearer where we are. Poland hopes that the US sanctions will delay the project but is aware they...
On the one hand, the Russian embargo was supposed to be a “punishment” for Western exporters for the sanctions imposed on Russia. On the other hand, it was supposed to serve as a tool to support domestic production. However,...
In early January, the Russian government unveiled its plan to adapt the country’s economy and society to climate change. Although the rising global temperature is recognized as a threat, Moscow doesn’t shy away from pointing...
After the spread of coronavirus caused a sudden drop in demand for oil, major oil countries, led by Saudi Arabia, came up with a plan to prevent further fall in prices. However, those plans were hindered by Russia whose economy...
Many analysts believe that the Russian economy has reached a dead end. The crisis is deepening and experts agree that with the existing internal and external conditions the current growth potential of the Russian economy does not...
Deliveries of Russian gas to Hungary through the TurkStream could start late 2021 or early 2022, state secretary for energy at the Ministry of Innovation and Technology, Péter Kaderják, said. The project creates a "third gas...
Russia’s refusal to extend its USD multi-billion energy subsidies to Belarus since the start of this year, as well as its reluctance to retain the previous level of credit support to its neighbor, will likely put Minsk’s...
In December 2019 Russian President Vladimir Putin approved a law that prohibits sale of electronic devices that are not pre-configured with Russian software. Russia’s Federal Anti-Monopoly Service has now drawn up a document...