As economic challenges mount, the Russian government is deliberating on a significant 10% cut to discretionary spending. The viability of t...

Negotiators for EU member states, the European Parliament and the European Commission are set to meet Tuesday evening in Brussels to finali...

Russia's Finance Ministry plans to implement a new measure next year. This aims to protect the state budget from oil price fluctuations and...

Russian natural gas continues to flow through Ukraine’s pipeline network to Europe despite the ongoing conflict and sanctions. This gas, pa...

The prime ministers of the three Baltic countries agreed Thursday to speed up their nations' disconnection from Russia's power grid by near...

European leaders say the cutback in Russian gas is energy blackmail aimed at pressuring governments over their support for Ukraine and sanc...

Ukraine's and Europe's largest nuclear plant was once again knocked offline in the early hours of Saturday amid sustained shelling that des...

India's position on securing affordable energy has been received well by the West, and it is in no one's interest that oil prices shoot up ...

Foreign currency purchases were suspended early this year amid sharp volatility in the value of the rouble in the weeks before Moscow sent ...

The Russian invasion of Ukraine and ensuing sanctions have aggravated other factors driving up prices for energy and others goods. With no ...

The state-owned energy giant said on Twitter that deliveries through the Nord Stream 1 pipeline to Germany would be cut again Thursday, bri...

The new cut came a day after Gazprom said it would reduce flows by 40% after Canadian sanctions over the war in Ukraine prevented German pa...

Finland is the latest country to lose the energy supply, which is used to generate electricity and power industry, after rejecting Russia's...

The pipeline handles around a third of Russian gas heading to Europe. The Ukrainian operator said the gas flows could be made up through an...

The EU leaders meet in Versailles outside Paris for a two-day summit starting Thursday and will be working on ways to reduce their dependen...

Natural gas prices hit a record Thursday for a second day in a row as restrictions on oil and gas were increasingly treated as a possibilit...

Qatar is one of the world's larger suppliers of liquefied natural gas and is among countries that the US is hoping could aid Europe should ...