The powerful engine that is supposed to pull Europe out of its quagmire? It stalls as the sanctions hit. The “disaster of 2008” is evoked, then hastily denied.
European Council President Van Rompuy had a dream: the sanctions “should have a strong impact on Russia’s economy” but only “a moderate effect on EU economies.”
by Wolf Richter • • Comments Off on Saber-Rattling Between Japan, China, and RUSSIA of all things Hits Record
The Japanese Defense Ministry refused to speculate why Russian activity had suddenly soared, just when both countries are trying to hash out a mega-energy deal.
by Oilprice.com • • Comments Off on ‘Steal Less, Invest More’ Advised At Ukrainian Energy Forum
Steal less, invest more, run a fair game, and sell off the pipeline system that Moscow is using to keep Ukraine in line — energy experts at a forum in Kiev.
by Oilprice.com • • Comments Off on In Search Of Russia’s Lost Fracking Boom
Gazprom’s mega-deal with China sent shockwaves around the world. But Gazprom might not be able to honor the deal if shale reserves are not tapped soon. And that might not happen because capitalism à la russe is a harsh mistress.
by Oilprice.com • • Comments Off on Exxon, BP Defy Obama; Extend Partnership with Russia
ExxonMobil, BP, Total, and other oil majors are doubling down in Russia despite moves by the West to isolate Russia; they just signed mega-contracts with state-owned Russian oil companies – sanctions be damned.
by Wolf Richter • • Comments Off on Russia Dumping US Treasuries? But Why the Heck in Belgium?
Belgium is known for its surprises. For example, it got by amazingly well for a couple of years without a national government, to the chagrin of a lot of people. Now that tiny country with a tiny economy is suddenly piling up a mountain of US Treasuries.
