• Russian oil companies want to offer electricity produced at their oil fields to mine crypto currency

    Russian oil companies want to offer Chinese crypto currency miners to mine crypto currency at their oil fields

    Russian oil companies have proposed to use Russian equipment in their fields for crypto currency mining. The proposal was sent for consideration to the Ministry of Industry and Trade, the Ministry of Statistics and the Central Bank of the Russian Federation, the newspaper Kommersant reports with reference to the letter of the deputy head of the Ministry of Industry and Trade Vasily …

  • US Department of Treasury plans to punish Russia’s Gazprom for circumventing sanctions

    The U.S. Department of the Treasury is set to work with the Congress to punish Russia's Gazprom for activities that violate U.S. sanctions, said Deputy Secretary of the Treasury Wally Adeyemo during a speech in the Senate Banking Committee.

    One of the senators criticized the U.S. Department of the Treasury for not imposing sanctions on the operator of the Nord Stream 2 pipeline project, Nord Stream 2 AG.

    "We are committed to working with you on this committee to hold Gazprom accountable for …

  • Kremlin: Russia may abandon euro if it is used as ‘instrument of pressure’

    Russia, following its de-dollarization policy, may announce a policy of abandoning the euro if the European authorities begin to use their currency as an instrument of pressure, as the United States does, said in an interview with Interfax Deputy Foreign Minister Alexander Pankin.

    So far, according to Pankin, there are no reasons for this. Russia does not face problems in euro settlements, and the replacement of the European currency with another one only for political reasons is "economically …

  • Russia severs relations with NATO

    Russia is severing relations with NATO, cutting diplomatic channels to the lowest since Soviet times, in response to the alliance's decision to expel Russian mission personnel for espionage.

    From November 1, the work of the permanent mission of the Russian Federation to NATO in Brussels will be suspended, as well as the work of the alliance's military mission in Moscow, Foreign Minister Sergei Lavrov announced on Monday.

    The accreditation of all NATO personnel in Russia is revoked, and at the …

  • US Secretary of Defense: Russia started conflict in eastern Ukraine and is an obstacle to its peaceful resolution

    Russia started the conflict in eastern Ukraine and is an obstacle to its peaceful resolution, said the United States Secretary of Defense, Lloyd Austin, at a briefing following a meeting with the Ukrainian Defense Minister, Andriy Taran.

    "Russia started this conflict, and Russia is an obstacle to a peaceful settlement. They could begin by respecting Ukraine's sovereignty and territorial integrity. Until that happens, we will do everything we can to support Ukraine's efforts to develop defense …