The EU is facing an energy crisis as it seeks to cut dependence on Russian supplies The US Department of Energy (DOE) said on Wednesday it has issued approvals for additional exports of liquefied natural gas (LNG) from two major facilities on the US Gulf Coast. The decision aims to help Europe deal with the…

Alrosa, a partly state-owned Russian diamond mining company, started shipping rough diamonds to India after a pause, the Economic Times reported on Wednesday. According to the outlet, the exporters are using German banks to make transactions in euros due to the sanctions imposed on Russia in the wake of its attack on Ukraine.

The Russian ruble has been gradually strengthening against the US dollar and euro, making gains for the sixth day straight on Thursday. The ruble plunged to historic lows amid Western sanctions after the country launched its military operation in Ukraine.