G7 backs more aid and weapons to Ukraine in show of unity against Russia

G7 countries foreign ministers walk for dinner during their summit in Weissenhaeuser Strand, Germany May 12, 2022. Foreign ministers pictured: Elizabeth Truss of Britain, Jean-Yves Le Drian of France, Melanie Joly of Canada, Annalena Baerbock of Germany, Hayashi Yoshimasa of Japan, Luigi Di Maio of Italy, Josep Borrell, head of EU foreign policy and Victoria … Read more

Ukraine says it damaged Russian ship, seeks evacuation of wounded Mariupol fighters

Ukraine says it damaged Russian supply ship in Black Sea Relatives of Mariupol fighters plead for rescue Finland wants security after Russian invasion of Ukraine Sweden expected to follow suit in bid to join alliance KHARKIV, Ukraine, May 13 (Reuters) – Ukraine said it had damaged a Russian navy logistics ship near Snake Island, a … Read more

Europe’s gas supply crisis grows after Russia imposes sanctions

Russia imposes sanctions on European Gazprom subsidiaries Polish firm operating Yamal-Europe section also hit Germany to lose 10 mcm / day of gas supply Dutch gas prices rise by up to 20% BERLIN, May 12 (Reuters) – Pressure on Europe to secure alternative gas supplies increased on Thursday as Moscow imposed sanctions on European subsidiaries … Read more

Stocks in a tailspin, dollar soars as hard landing fears grow

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 1, 2020. REUTERS / Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register World stocks drop to 1-1 / 2 yr low, down almost 20% YTD Europe opens down 2% US equity futures struggle Dollar … Read more

EXCLUSIVE Top EU official backs multi-trillion plan to rebuild Ukraine

Rebuilding Ukraine will cost trillions of euros – top EU banker EIB chief Hoyer calls for Marshall-style Plan for Ukraine Urges West and its banks to underwrite Ukraine finances BRUSSELS, May 11 (Reuters) – A top European official has backed a multi-trillion-euro “Marshall” -style plan to rebuild Ukraine, pledging the firepower of the EU’s lending … Read more

NATO to welcome Nordic members as Ukraine pushes back Russian forces

Finland expected to announce bid to join NATO Ukraine halts major route for Russian gas to Europe Russia imposes sanctions on Gazprom units in Europe, US Ukrainian forces seek to cut Russian battlefield supply lines KYIV / BRUSSELS, May 12 (Reuters) – Finland is expected to announce on Thursday its intention to join NATO with … Read more

Russian gas flows to Europe via Ukraine fall after Kyiv shuts one route

A 3D printed Natural Gas Pipes are placed on displayed EU and Russian flags in this illustration taken, January 31, 2022. REUTERS / Dado Ruvic / File Photo Register now for FREE unlimited access to Reuters.com Register Russian gas exports via Ukraine fall to 72 mcm Ukraine declared ‘force majeure’, halted transit point use Gazprom … Read more

Exclusive: Germany prepares crisis plan for abrupt end to Russian gas

BERLIN, May 9 (Reuters) – German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters. The preparations being led by the Ministry of Economic Affairs show the heightened state of alert about … Read more

EXCLUSIVE Biden sidelined global energy partners with record emergency oil release

LONDON, May 9 (Reuters) – The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of their own, according to two sources familiar with the matter. Unilateral action by Washington to address global supply or price … Read more

Russia unleashes rockets after Mariupol ceasefire, EU eyes oil sanctions

Russian rockets pound parts of eastern and southern Ukraine Western powers pledge heavier weapons to boost Ukraine defences ‘This is Ukraine’s finest hour,’ UK’s Johnson says, echoing Churchill ZAPORIZHZHIA, Ukraine, May 3 (Reuters) – Russia launched an assault on the encircled Azovstal steel works in Mariupol, Ukraine’s last redoubt in the port city, after a … Read more