February consumer price inflation in Europe accelerated by 5.9% compared to last year’s 0.9% per annum, marking the fastest annual jump on record, Eurostat statistics agency said on Thursday. The indicator rose sharply from 5.1% in January. Prices spiked most in Lithuania (14.0%), Estonia (11.6%) and the Czech Republic (10.0%). The lowest annual price rise…

Russia could shut 30% of its crude oil output from April if it doesn’t find buyers Russia could be forced to cut crude production by nearly a third starting next month, as traders are reportedly reluctant to buy oil from the country amid Western sanctions, the International Energy Agency warned on Wednesday.

UK defense minister is raising security concerns after caller posed as PM of Ukraine British Defence Secretary Ben Wallace has accused Russia of “dirty tricks” and ordered a security investigation into how someone pretending to be the Prime Minister of Ukraine could have phoned him on Thursday.