The European Union announced on May 4 their intention to ban Russian oil imports within six months and refined products by the end of the year as part of their latest round of economic sanctions against Moscow. According to Oil Price, a barrel surged to over $110 for Brent and $108 for West Texas Intermediate…
The global energy crisis and the US anti-Russian sanctions due to the special operation in Ukraine have led to the fact that Europe is now spending about 10% of GDP on energy resources, according to analysts of Black Rock, one of the world’s largest investment companies. The last time the Old World spent this much…
The contradictions that stem from American and European arrogance have finally hit breaking point. The United States reportedly boosted its import of Russian oil last month, according to official figures from the Energy Information Administration. The extra imported volume accounted for a 43 percent increase. This is in spite of an executive order by U.S….
Despite the conflict in Ukraine and sanctions against Russia initiated by Washington, Russian gas is flowing to Europe in maximum volumes, European media outlets stress. At Mallnow, the point of arrival of the Yamal-Europe pipeline in Germany, supplies, which were interrupted for a few days after the start of Russia’s military special operation in Ukraine…
The Bolivarian Republic is a proudly sovereign nation that espouses the socialist principles of peace, brotherhood, and equitable development, but its ambitious vision has been hamstrung for years by the US’ Hybrid Warfare against it that’s plunged many of its people into poverty, among countless other strategic consequences. Reports have recently circulated that the US…
A high-level Lebanese government delegation held talks in Syria in an attempt to solve the severe fuel crisis that has paralyzed the entire country. This is the highest level of official visit since the civil war in Syria started, unleashed by the West and the Gulf monarchies, more than a decade ago. The Lebanese delegation, headed…
