EU Divided on Disconnecting Russian Energy
European Union ministers met to discuss a strategy for moving away from oil and gas supplied by Russia. While heavy sanctions have been implemented on Russia by the EU and other world allies, the EU still remains heavily reliant on Russian fossil fuels. Though the EU ministers seem to be in mutual agreement of the urgency […]
EU Fighting Russian Oil with Green Initiatives
The European Union, in attempts to free themselves from dependence on Russian oil, are enacting greener initiatives with the incentive being to defund the Russian war machine. These measures, which were created by the International Energy Agency (IEA), could save each household up to £375 (approximately $483 USD) a year. The campaign smartly titled “Playing […]
EU is Drilling for Independence from Russian Oil
Despite being at the center of the largest military conflict in Europe since World War II, Russia’s natural gas continues to flow through Ukraine to the rest of the continent. Natural gas is one of the several commodities affected by Russia’s invasion of Ukraine. The European Union receives roughly 40% of its natural gas from […]
China’s Lockdowns Putting Strain on World’s Economy
Shanghai, home to China’s leading financial center and some of its largest sea and airports, has been under lockdown for more than two weeks with no sign of ending. China’s unwavering commitment to its “Zero-Tolerance” Covid-19 policy threatens to deal a hefty blow to its economy while placing further stain on global supply chains and […]
More Bills Propose More Russian Sanctions
As Russia-Ukraine tensions continue to escalate, two new bills proposing further sanctions on Russia passed quickly through both chambers of legislation and are currently on their way to the desk of President Biden for review. Once passed, the bills will suspend regular trade between Russia and Washington and ban Russian oil imports. Four weeks ago, […]
