Search

Russia's plans to sell gas for rubles did not suit buyers

The President of the Russian Federation announced that the country would switch to ruble payments for gas supplies to "unfriendly countries." The leaders of many European states have already responded to Vladimir Putin's initiative. However, questions about how this will affect the energy balance of the global community remain open. Francesco Javazzi, an adviser to the Italian Prime Minister, said that the country's ...

Bankruptcy of Nord Stream 2 AG suspended until autumn

... payments in favor of creditors. Transliq AG will act as interim manager during this period. We should remind our readers that the company filed a claim with the court with a request to temporarily stop the company's arbitration litigation with the European Union that arose around the gas directive and its application in early March 2022. June court hearings were cancelled. The gas pipeline itself runs across the sea from the station in the Leningrad region to the coast of Germany. Its capacity is designed for the annual transportation ...

SMALL AND MEDIUM BUSINESSES IN GERMANY ON THE VERGE OF BANKRUPTCY DUE TO FUEL PRICES

The rapid rise in energy prices has jeopardized the work of companies in Germany. However, the problem does not only concern gas stations and the transport sector. According to local experts, existing taxes on electricity and the protracted reform of the public transport fare system could lead to bankruptcy of significant number of entrepreneurs. According to the NEOPresse ...

Sorted by relevance | Sort by date