Russia’s invasion of Ukraine is the immediate cause of the global energy crisis, but the seeds were sown by years of weak investment in fossil fuels, partly reflecting concerns over climate change. Before the war, …
Weeks before Russia invaded Ukraine, but when it was still constraining gas supplies to Europe amid soaring demand and prices, Prime Minister Scott Morrison suggested Australia could step in and help, given its huge liquefied …
The Russian economy will contract by 35% in the second quarter of 2022, and by 7% overall this year, according to JP Morgan. That’s probably an extremely conservative estimate that doesn’t take into account the …
While the battle for Kyiv rages, the economic war between Russia and the nations of the West has barely begun. The US, the EU and their allies are concentrating their economic attacks on Russia’s financial …
In August last year, Olaf Scholz—then Germany’s finance minister and now its chancellor—attempted to persuade the Trump administration to drop its proposed sanctions on the companies building the Nord Stream 2 gas pipeline from Russia …