Contents tagged with Europe

  • Gas prices soaring in Europe as Russia's Gazprom refuses to increase transit through Ukraine

    Gas prices in Europe, after a month of respite, are soaring again. On Thursday, the cost of gas futures on the London ICE exchange exceeded $ 500 per thousand cubic meters amid growing demand, a shortage of LNG supplies and Gazprom's refusal to increase transit through Ukraine.

    Contracts for August, pegged to the price of gas at the EU's largest hub TTF, reached $501 per thousand cubic meters (€40.87 per thousand kWh), showing an increase of 3% per day and 10% since the beginning of the week. …

  • Putin: Russia is ready to become part of ‘Greater Europe’

    Russia remains committed to the idea of a "Greater Europe," a single space of cooperation and security from the Atlantic to the Pacific Oceans and calls for an end to the "heavy weight of misunderstandings" in bilateral relations, wrote Russian President Vladimir Putin in an article dedicated to the anniversary of the beginning of World War II.

    Heroes of the Red Army and workers of the rear saved Europe from enslavement, coming to Germany’s land "with a noble, great mission as a liberator," …

  • For the first time Europe buying as much LNG as Russian gas

    European countries have been buying more and more liquefied natural gas (LNG). At the end of January, LNG imports had reached 10 billion cubic meters (bcm), and for the first time in history were equal to the amount received from Russia’s Gazprom, according to the monthly monitoring by the Skolkovo School in Moscow.

    One year ago, Russian natural gas accounted for twice as much as its liquefied counterpart. In January 2019, Gazprom sold 15 bcm, whereas only 7.7 bcm of gas reached the market as …

  • Ukrainian power grid to become part of European energy system in 2023

    Ukrainian Prime Minister Oleksiy Honcharuk said on the Segodnya TV program that the Ukrainian power grid might become part of the European energy system in 2023.

    "The necessary documents have already been signed. We need to work on this task. We hope that the unification of Ukrainian and European grids will happen already in 2023. This will enable us, including our nuclear generation, even to export electricity, and gain profits. In fact, the problem of export from Belarus is greatly …

  • Gazprom’s LNG ship for Kaliningrad moves to Europe instead

    The regasification ship Marshal Vasilevsky, owned by Russia’s gas monopoly Gazprom and responsible for ensuring Kaliningrad’s gas security, is off the coast of Denmark and heading for the Port of Rotterdam, RBC reports, citing the Marine Traffic database.

    In February 2019, Russian President Vladimir Putin commissioned a coastal terminal to accept liquefied natural gas (LNG) in Kaliningrad. The new terminal can meet nearly all the gas demand of the Russian exclave. At the end of last year, the …

  • Russia closes off more than a quarter of Black Sea for a month

    Between 24 July and 19 August, purportedly for training purposes, Russia has closed off five regions of the Black Sea with a total area of 118,570 square kilometers, more than a quarter of the sea’s total area, the Ukrainian Military Portal reports.

    “The mentioned regions effectively close off the customary and advisable international shipping routes to Bulgaria, Georgia, Romania and Ukraine, virtually blocking maritime traffic with these countries,” the news outlet writes.

    Russia’s …

  • Latvia blocks Kremlin-linked website because of threat to Ukraine's sovereignty

    Latvian domain administrator blocked the bestnews.lv website that is associated with the Russia Today news agency, reports RIA Novosti news outlet.

    Latvian national domain registrar explained its decision referring to the requirement of the Latvian Foreign Ministry, which said that baltnews.lv news outlet violates the decision of the European Union of March 17, 2014, on sanctions against Russia because of the annexation of Crimea.

    "Registration of baltnews.lv is a violation of the provisions …

  • EU: Ukrainian nation has mandated government to conduct reforms

    According to an initial appraisal, fundamental rights and freedoms were respected at the Ukrainian parliamentary elections, said EU Foreign Affairs Spokesperson Maja Kocijancic in a statement on Monday 22 July. The assessment of the elections was based on the appraisal of the OSCE’s Office for Democratic Institutions and Human Rights (ODIHR).

    “Following the presidential elections in March and April, the Ukrainian people have once again given a strong mandate for reform,” Kocijancic emphasized, …

  • Ukrainian Security Service denies reports that it arrested DPR militant who transported Buk missile system used to shoot down MH17

    Security Service of Ukraine didn't detain the driver of the vehicle who transported Buk missile system that was used to shoot down MH17 flight, reads the statement on the webpage of Ukrainian Intelligence Service.

    The report said that a briefing on an investigation the above crime in the Donbas was held in Kyiv on July 17. After the briefing, the media spread information that on the same day the driver, who was transporting the Buk missile system, was arrested.

    "At a briefing, it was reported …

  • Kyiv: Budapest wants to create a Hungarian enclave in Zakarpattia

    Acting Minister of Ukrainian Foreign Affairs Yegor Bozhok in an interview with the Voice of America said that Hungarian authorities are trying to create a Hungarian enclave on the territory of Ukraine.

    "Ukraine didn't complicate the Ukrainian-Hungarian relations. The main problem is the so-called Hungarian reunification of the territory, which blinded Hungarian Prime Minister Viktor Orbán and his associates," - said Bozhok.

    Hungary has already achieved this in Serbia. Slovakia and Romania are …