Italian energy giant Eni SpA is poised to comply with Russian demands and open a bank account in rubles, after the European Union softened its stance in a standoff with the Kremlin over crucial gas supplies.
If the worst-case state of affairs for Germany hits, BMW, Mercedes-Benz and Volkswagen Group would wrestle to color their vehicles and the air throughout the nation would get dirtier.
Natural gas prices have tripled since January, adding more fuel to the inflation plaguing the White House's popularity.
The European Union is willing to offer its gas importers a solution to avoid sanctions breaches by buying fuel from Russia and still effectively satisfy President Vladimir Putin’s demands for payment in rubles.
RAO Nordic Oy has been importing electricity from Russia to Finland and selling it to Nord Pool exchange for many years.
India’s largest gas importer is also looking to import 0.75-1 MT of LNG to meet short term requirements.
Sovcomflot has sold about a dozen ships to buyers in Asia and the Middle East, according to people familiar with the matter, as the Russian state-controlled company works to repay loans to Western banks ending business ties to comply with sanctions.
Some European Union nations are saying it may be time to consider delaying a push to ban Russian oil so they can proceed with the rest of a proposed sanctions package if the bloc can’t persuade Hungary to back the embargo.
Fortum’s President and CEO Markus Rauramo:
The US could enter the lithium market in a very big way. At least, that’s what some experts are claiming. The global demand for lithium is on the rise, especially in the US. This should come as no surprise, as lithium-ion batteries are essential to electric vehicles and energy storage. Still, the question remains: is the US capable of breaking its reliance on lithium imports from Argentina, Chile, Russia, and China?