The EU measure will inevitably send energy costs higher, the chair of Bundestag energy committee says Imposing an artificial ceiling on the price paid for Russian oil will provoke an increase in prices for the commodity, the chairman of the Bundestag committee on energy, Klaus Ernst, said in an interview with TASS, calling the measure…

Beijing is planning to further boost imports of LNG and piped natural gas from Russia, China’s ambassador to Moscow says Natural gas supplies from Russia to China increased 173% in the first ten months of this year compared to the same period of 2021, according the Chinese ambassador to Moscow.

The Bank of England (BoE) on Thursday raised the benchmark interest rate for a ninth time in a row this year, in an effort to combat double-digit inflation in the country. The Monetary Policy Committee (MPC) voted to increase the cost of borrowing by 50 basis points to 3.5% after the consumer price index showed…