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Coal embargo reduces Russia's export revenues by 5 billion euros

One of the key components of the fifth sanctions package against Russia, which was approved by the European Council on April 8, 2022, is an import embargo on coal from Russia. According to the EU Commission, a quarter of all Russian coal exports are…

OMV withdraws from Russia

Austrian oil, gas and chemicals group OMV has announced that it will no longer pursue investments in Russia in the future. It said the situation in Ukraine as a result of Russia's war of aggression necessitated a reassessment of its business with the…

Russia's invasion of Ukraine takes Wintershall Dea by surprise - Annual press conference canceled

The military operation of the Russian President against Ukraine has caused the oil and gas company Wintershall Dea to cancel its annual press conference, at which the company wanted to take stock of the past fiscal year, at short notice....

Uniper still hopes for start of Nord Stream 2

The German energy group Uniper, which is involved in the Nord Stream 2 pipeline as a financial investor, is "deeply unsettled" by the current political situation on the Russian-Ukrainian border. This was stated by group CEO Klaus-Dieter ...