Russia is not selling crude under the price cap mechanism introduced by the G7 and EU in an effort to curtail Moscow’s energy revenues, Deputy Prime Minister Aleksandr Novak stated on Tuesday. Oil companies are complying with a presidential decree obliging Russian legal entities and individuals to avoid Western-mandated oil price limits in their…
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Lithuania’s parliament, the Seimas, unanimously passed a resolution on Tuesday accusing Russia of genocide and terrorism in Ukraine. The “large-scale armed aggression” launched by Russia against Ukraine on February 24 amounts to “genocide of the Ukrainian people,” the document said.
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The EU’s race to replace Russian pipeline gas lies behind the unprecedented surge, according to Refinitiv Imports of liquified natural gas (LNG) by global consumers in 2022 totaled 409 million tons, compared to 379.6 million tons in the previous year, according to data from Refinitiv, as cited by Reuters.
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