Search results
Results from the WOW.Com Content Network
In March 2023, Russia announced that people from unfriendly countries will be subject to a "voluntary" exit tax of up to 10 percent to be paid into the Russian federal budget, on the sale of shares in Russian companies. [24] This was expanded in July 2023 so that companies leaving Russia must sell their assets to Russian buyers at a 50% ...
Russia supplies a significant volume of fossil fuels to other European countries. In 2021, it was the largest exporter of oil and natural gas to the European Union, (90%) [1] [2] and 40% of gas consumed in the EU came from Russia. [3] [4] The Russian state-owned company Gazprom exports natural gas to Europe.
After the end of the Russian gas supplies to Transnistria, the energy company Tirasteploenergo urged Transnistrian residents to dress warmly, gather family members together in a single room, hang blankets or thick curtains over windows and balcony doors and use electric heaters, stating that it was forbidden to use gas or electric stoves to ...
With the E.U. relying on Russian imports for over 40% of its pre-war energy sources—25% of oil, 48% of pipeline gas, 48% of coal—and the 2021 completion of the Nord Stream 2 pipeline to ...
The United States and United Kingdom unveiled what they say are the harshest sanctions targeted at Russia’s energy sector since Moscow’s troops began a nearly three-year-old war on Ukraine in ...
Germany imported 55% of its natural gas supply from Russia when the country invaded Ukraine in February 2022. Russia was also Germany’s primary source of oil and coal imports.
Despite ongoing sanctions, 47 of the world's biggest 200 companies still have not left Russia, particularly energy companies remain invested there. U.K. energy giant Shell and Japanese trading firms Mitsui and Mitsubishi hold double-digit stakes in the Sakhalin-2 oil and natural gas project.
Europe and Russia will both lose heavily if President Vladimir Putin follows through on his threat to cut gas supplies to countries he judges "unfriendly" unless they pay in roubles. Even at the ...