Putin Archives - Page 2 of 3

Hungary says it’s impossible for Europe to ban Russian gas anytime soon. Putin agrees

June 10, 2022

CNBC Hungarian Foreign Minister Peter Szijjarto has ruled out the prospect of a Russian gas ban in the European Union’s next package of sanctions, saying it would be “impossible.” Landlocked Hungary is overwhelmingly dependent on Russian hydrocarbons. Szijjarto’s comments come as President Vladimir Putin says he believes the West will not be able to wean itself off Russian oil and

Putin’s state oil champion suffers biggest production drop

May 24, 2022

World Oil (Bloomberg) — The state-run oil champion led by a close ally of President Vladimir Putin has seen the largest drop in production since the invasion of Ukraine. Rosneft PJSC, whose Chief Executive Officer Igor Sechin has been part of Putin’s inner circle for decades, along with its subsidiaries account for about two-thirds of Russia’s production cuts since the

EU presses to maintain unity over Putin’s rubles-for-gas demand

May 3, 2022

World Oil (Bloomberg) — European Union energy ministers tried to project a united front Monday in rejecting Russia’s demands to buy gas in rubles as the bloc tries to prevent Vladimir Putin from sowing divisions in the bloc. Despite signs that at least one member state, Hungary, may accede to Moscow’s ruble demands, ministers said the EU will find a

Putin tells Europe: You still need Russian gas but we’re turning east

April 14, 2022

Nasdaq President Vladimir Putin said on Thursday that Moscow will work to re-direct its energy eastward as European countries try to reduce reliance on Russian exports, adding that Europe will not be able to completely shun Russian gas immediately. Russia has been forging closer ties with Asia and China, the world’s top energy consumer, trying to diversify away deliveries from

Putin says Russia will find new markets as West rejects oil exports

April 13, 2022

World Oil (Bloomberg) — Russia will find new buyers for its oil, natural gas and coal both at home and abroad as some traditional customers reject its deliveries, said President Vladimir Putin. While most countries haven’t imposed direct sanctions on Russian energy sales in retaliation for its invasion of Ukraine, shipments have been curtailed as buyers look elsewhere or grapple

Putin talks tough on gas-for-rubles deadline. But flows continue to Europe

April 1, 2022

CNBC Russian President Vladimir Putin has sought to ratchet up the pressure on foreign buyers of natural gas, telling so-called unfriendly countries to pay in rubles from Friday — or have their supplies cut off. Perhaps surprisingly, however, the leaders of Germany and Italy appear unfazed by Putin’s rhetoric. That’s because they believe European customers won’t be bound by the Kremlin’s new mechanism

Putin says Russia will start selling gas to ‘unfriendly’ countries in roubles

March 23, 2022

Nasdaq March 23 – Russian President Vladimir Putin said on Wednesday Russia would start selling gas to “unfriendly countries” in roubles, after a freeze on Russia’s assets by foreign nations had destroyed Moscow’s trust. Putin said the changes would only affect the currency of payment and that the government and central bank had one week to come up with a

Putin’s pledge for more supply can’t stop Europe’s gas price surge

October 14, 2021

World Oil (Bloomberg) –European gas futures continued their march upwards on Thursday, even after Russia pledged to deliver as much supply as the continent needs. Europe’s largest gas supplier is ramping up deliveries in line with requests from customers and is “prepared to discuss any additional steps” to stabilize the market, President Vladimir Putin said on Wednesday. He blamed the

Putin ready to send more Russian gas to Europe, blames flawed policies for shortage

October 13, 2021

World Oil MOSCOW (Bloomberg) – Russia is ready to deliver all of the natural gas that Europe needs, said President Vladimir Putin, blaming the continent’s current energy crisis on flawed policies rather than a lack of supply. Europe’s largest gas supplier is raising deliveries in line with requests from its customers and is “prepared to discuss any additional steps” to

As Putin fails to congratulate Biden, experts predict what the result means for US-Russia relations

November 9, 2020

CNBC As world leaders congratulate Democrat Joe Biden for his projected victory in the U.S. presidential election, Russia’s decision not to do so speaks volumes. Analysts noted that while many European leaders congratulated Biden, expressing a desire to renew erstwhile tense relations with the U.S. and work constructively with the new administration, Russia did not comment on the projected win for

Trump to speak with Putin, criticizes Russian-Saudi oil price war as ‘crazy’

March 30, 2020

Reuters WASHINGTON – President Donald Trump said on Monday he planned to speak with Russian President Vladimir Putin and said Saudi Arabia and Russia “both went crazy” in their oil-price war, a battle begun just as the spread of the coronavirus around the world squashed oil demand. “I never thought I’d be saying that maybe we have to have an

Russiass Proposed New Pipeline Threatens US National Security Interests -oilandgas360

Russia’s Proposed New Pipeline Threatens U.S. National Security Interests

February 15, 2020

LAWFARE Oil & Gas Publishers Note: Todd Carney, a first year student at Harvard Law School, posted a good article. Worth your time. Since 2014, Russia and Ukraine have been locked in a conflict in Donbas that has killed thousands. Despite the fighting, the two countries have been able to maintain an economic relationship centered around one industry: energy. A new Russian energy project

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