EU sanctions

The G-7 coalition comprising of Germany, France, the UK and USA, Japan, Canada and Italy is inching toward an agreement on expanding its sanctions against Russia by looking for a mechanism to cap the purchase price of Russian oil.
  • November 28, 2022
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Despite the Czech Republic being one of Europe’s biggest electricity exporters, when taxes are included, Czech households are currently experiencing the second-highest electricity prices in the EU, just behind Estonia, with no end in sight.
  • October 31, 2022
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Over 70,000 Czech protestors came to the streets last week in the country's capital, Prague, demanding the government take a neutral stand on the ongoing Russia-Ukraine crisis.
  • October 30, 2022
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Centrica, which owns the Rough gas storage facility off the east coast of Yorkshire in the UK made its first injection of gas into the site last week after it was shut for storage purposes for five years.
  • October 26, 2022
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Hungary's foreign minister said he met Russian Foreign Minister Sergei Lavrov in New York and discussed gas shipments and construction of the Paks nuclear plant being built by Russia's Rosatom.
  • October 25, 2022
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In October, the state-owned Petroleum Pipeline Corporation (Botas) announced that the country's two underground natural gas facilities have reached a "storage capacity of 100 percent."
  • October 20, 2022
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