Top routes for Russian oil after price cap revealed

Traditionally Europe-bound Arctic oil grades are now heading East, Reuters reports India and China have stepped up purchases of Russian Arctic oil grades following Western sanctions on Russian crude, Reuters reported on Thursday, citing traders and vessel-tracking data from Refinitiv. The EU, G7 nations and Australia introduced a price cap on Russian oil late last…

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President calls his people last ‘free tribe’ in Europe

Serbian President Aleksandar Vucic says he’s proud his country is implementing its policies without international intervention Serbians are the last “free tribe” of Europe, President Aleksandar Vucic said on Sunday, comparing the country to the village of “indomitable Gauls” from the iconic French comic series ‘Astérix’. The president made the pop-culture reference while addressing a…

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Austria sounds alarm over economy

Tough times are ahead as the country’s energy crisis deepens, the Finance Ministry warns Austria is facing what may be its worst economic crisis since World War II, the finance minister said on Wednesday during his speech to parliament, presenting a draft budget.

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