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…

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.

Canberra warned it will move ‘in lockstep’ with allies to punish Beijing over any military support it might give to Moscow Australian Prime Minister Scott Morrison said China would face consequences if it backs Russia’s attack on Ukraine, arguing such a move would be an “abomination” while hinting at new international sanctions for Beijing.