
Russian Energy Giant Gazprom Posts Record Profits Despite Sanctions
In the first six month of this year, Gazprom—despite its gas imports to Europe having dropped by 35%—posted a record-breaking net profit of 41.7 billion euros.

In the first six month of this year, Gazprom—despite its gas imports to Europe having dropped by 35%—posted a record-breaking net profit of 41.7 billion euros.

Kickl’s calls come as the latest opinion surveys indicate a majority of Austrians are calling for an end to the sanctions against Russia.

The flagship measure is a ban on Russian gold imports, to align EU sanctions with those of the G7, which decided to sanction Russian gold last month.

Le Pen highlighted the absurdity of Europeans purchasing oil and gas from India, which itself purchased them from Russia.

The default has been reported as “mostly symbolic” of “the worst economic contraction” in Russia in many years; Russian President Vladimir Putin has a different account of the Russian economy.

The club of wealthy nations comprising Canada, France, Germany, Italy, Japan, the UK, and the U.S. took the opportunity to renew their vow of standing with Ukraine on all fronts “for as long as it takes.”

India and the Middle East have become a significant outlet for Russia crude oil sales, as well as a loophole for the US and European countries to continue importing Russian oil.

Moscow has threatened to take retaliatory action against Lithuania over its so-called blockade of goods headed to the Russian exclave of Kaliningrad.

Without this multi-billion euro shot in the arm, the firm may be unable to provide the volume of gas that Germany and the EU require.

Hungary’s staunch opposition to a blanket ban on Russian oil provided cover for other countries also hesitant to unplug from Russia oil.