

Melissa Eddy
Posts

Nord Stream Pipeline Breaks Look Deliberate, Europeans Say
The leaks in the Nord Stream under the Baltic Sea heightened fears of shortages because of the clash with Russia, and showed how vital infrastructure...

The World Economy Is Slowing More Than Expected, a New Forecast Shows
The global economy is paying “a very heavy price” for Russia’s war in Ukraine, the Organization for Economic Cooperation and Development said.

German Government Nationalizes Uniper in Move to Secure Energy Supply
The utility company, once Germany’s largest importer of Russian gas, has been squeezed since Moscow cut the flow of the fuel, leading to a partial...

Germany Takes Over Rosneft subsidiary, Securing Control of Key Refinery
Berlin placed the German subsidiary of Russia’s Rosneft in a trust, a move aimed at securing energy supplies.

How German Companies Are Staring Down Putin’s Threat to Cut Off Gas
Industrial producers across Germany are coming up with unique ways to cut their dependence on natural gas as Russia’s war in Ukraine keeps prices high.

Uniper Reports Huge Loss as Russia Cuts Gas Flows
Uniper, Germany’s largest importer of natural gas, has had to pay high prices for gas on the open market to make up for the drop...

McDonald’s Will Begin Reopening in Ukraine After 6-Month Hiatus
McDonald’s said it would begin reopening stores in Kyiv and western Ukraine as fighting continues in the east.

Hungary Settles Russia’s Bill With Ukraine to Restore Oil Flows
Hungary’s energy conglomerate, MOL, paid Russia’s transit fees to Ukraine, ensuring that oil keeps flowing through an overland pipeline that remains crucial for Central Europe.

Russia says oil flows to three European countries have been halted.
A state-owned operator of a pipeline through Europe said its payment to the Ukrainian operator of the pipeline had been returned, blaming issues linked to...

Germany Tells Russia’s Gazprom Its Turbine Is Ready for Pipeline
Olaf Scholz showed off a refurbished turbine for the Nord Stream 1 pipeline that Russia has said is the reason it can’t send more gas...