Europe’s gas supply crisis grows after Russia imposes sanctions

Russia imposes sanctions on European Gazprom subsidiaries Polish firm operating Yamal-Europe section also hit Germany to lose 10 mcm / day of gas supply Dutch gas prices rise by up to 20% BERLIN, May 12 (Reuters) – Pressure on Europe to secure alternative gas supplies increased on Thursday as Moscow imposed sanctions on European subsidiaries … Read more

EXCLUSIVE Top EU official backs multi-trillion plan to rebuild Ukraine

Rebuilding Ukraine will cost trillions of euros – top EU banks EIB chief Hoyer calls for Marshall-style Plan for Ukraine Urges West and its banks to underwrite Ukraine finances BRUSSELS, May 11 (Reuters) – A top European official has backed a multi-trillion-euro “Marshall” -style plan to rebuild Ukraine, pledging the firepower of the EU lending … Read more

Exclusive: Germany prepares crisis plan for abrupt end to Russian gas

BERLIN, May 9 (Reuters) – German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters. The preparations being led by the Ministry of Economic Affairs show the heightened state of alert about … Read more