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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 ... ... expressed the opinion that paying for the energy resource in the Russian national currency would be an attempt to circumvent the sanctions imposed on the country. Klaus Ernst, head of the relevant committee in the German Bundestag, said that it is technically ...

Nord Stream II preparing for bankruptcy

... project is about to declare bankruptcy in a few days. The company was in a state of collapse against the backdrop of Western sanctions and a Russian special operation that unfolded on the territory of Ukraine. It is reported that the application will ... ... the head of the Gazprom Сompany, which owns the pipeline. Due to the project, in which the largest concerns of the energy and oil market (Shell, OMV, Engie, Uniper, Wintershall DEA) took financial part, it was planned to increase the volume of natural gas transported to Germany along the bottom of the Baltic. By the end of February, the situation with the project came to a standstill....

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 ... ... notes that only now, against the backdrop of an acute geopolitical conflict, the state began to actively negotiate with such oil-producing countries as Qatar. The oil and gas market, according to the head of BVMW, is what can be called a ‘power economy’,...

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