A sixth Borei-class nuclear-powered submarine has entered service, while a seventh has been floated ahead of sea trials A new advanced Borei-class nuclear-powered submarine was among three warships that entered service in the Russian Navy on Thursday. Another boat of the same class, which is designed to carry Bulava intercontinental ballistic missiles, was floated for…

Natural gas prices in the EU fell this week to levels not seen since before the start of Russia’s military operation in Ukraine, data from the London Intercontinental Exchange (ICE) shows. The costs of front-month natural gas futures on the TTF hub in the Netherlands plunged in recent weeks to below €77 ($81.91) per megawatt…

Companies say they can no longer provide coverage to clients because reinsurers are exiting the region amid the conflict A group of companies known as P&I (protection and indemnity) clubs that offer insurance for the majority of the world’s ocean-going ships will stop providing war risk coverage in Russia, Ukraine and Belarus from January 1,…