BERLIN — Russia took new steps on Friday to gird for an escalating struggle with the West over the war in Ukraine, moving to expand military recruitment to older citizens and severing gas supplies to Finland in apparent retaliation for its Nordic neighbor’s application to join the NATO alliance. The two developments reflected the mounting […]
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Bill Hwang and his former chief financial officer, Patrick Halligan, were arrested at their homes Wednesday.Credit…Emile Wamsteker/Bloomberg Until a few days ago, Bill Hwang and his lawyers had thought they would be able to persuade federal authorities not to file criminal charges over last year’s implosion of his $10 billion private investment firm, a trading […]
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BRUSSELS — Prices for natural gas futures in Europe jumped by more than 23 percent as trading began Wednesday morning, hours after Russia’s state-run Gazprom told Poland and Bulgaria it had cut supplies of the fuel. Gazprom’s move came just as the United States and its allies agreed to send more arms into Ukraine to […]
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WARSAW — Russia’s state gas company has announced the “complete suspension” of natural gas deliveries to Poland through a major pipeline, its Polish counterpart said on Tuesday, in an escalation of the economic conflict stemming from the war in Ukraine. Poland gets more than 45 percent of its natural gas from Russia, and cutting off […]
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But it was more than that, Mr. Schröder said. “I had been chancellor. I couldn’t go back to being a lawyer dealing with rental contracts. I needed a project,” he said. “Something I knew how to do and where I could serve German interests.” When Mr. Putin called Mr. Schröder on his cellphone the night […]
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LUBMIN, Germany — Past a nudist beach and a sleepy marina, a gigantic mesh of metallic pipes rises from the pine forest behind the tiny village of Lubmin on Germany’s Baltic coast. If few people have heard of Lubmin, from Berlin to Washington almost everyone seems to know the name of the two gas pipelines […]
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Last year, Russia supplied more than half of the natural gas and about a third of all the oil that Germany burned to heat homes, power factories and fuel cars, buses and trucks. Roughly half of Germany’s coal imports, which are essential to its steel manufacturing, came from Russia. Russian gas, oil and coal are […]
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BERLIN — Lithuania has stopped importing natural gas from Russia as of April and will be able to rely instead on deliveries from other countries to meet its energy needs, the country’s president announced on Saturday, saying the move was an example for other European Union members. Before Russia’s invasion of Ukraine, the E.U. had […]
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The measure drew immediate ire from America’s European allies, where the $25 billion pipeline promised a stable source of gas at a time nations were still reeling from the oil shocks of the 1970s. But within the United States, it was the oil and gas lobby that fought back. The sanctions would “aggravate further our […]
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Stanislav Usaty, owner of a marketing agency in St. Petersburg, said he expected to lose many of his clients because of the higher exchange rate, especially companies selling imports; he said he would probably need to lay off staff. Aleksandra Gridina, the owner of a travel agency in the city, said she would need to […]
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The punishing sanctions that the United States and European Union have so far announced against Russia for its invasion of Ukraine include shutting the government and banks out of global financial markets, restricting technology exports and freezing assets of influential Russians. Noticeably missing from that list is a reprisal that might cause Russia the most […]
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BERLIN — For decades, Germany has been a steadfast consumer of Russian natural gas, a relationship that has seemingly grown closer over the years, surviving Cold War-era tensions, the breakup of the former Soviet Union and even European sanctions against Moscow over its annexation of Crimea. Until this winter. Since November, the amount of natural […]
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BUDAPEST — Facing a tough election in two months, Hungary’s far-right populist prime minister, Viktor Orban, last week opened the centerpiece of a new state-funded museum district celebrating his country’s role as an anchor of European culture and identity. A shrine in the newly opened “House of Music” honors Hungarian champions of democracy routed by […]
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BERLIN — The United States and its NATO allies are moving to bulk up their military commitments in the Baltics and Eastern Europe as the standoff with Russia over Ukraine deepens. Denmark is sending fighter jets to Lithuania and a frigate to the Baltic Sea. France has offered to send troops to Romania. Spain is […]
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While Russia masses troops and military equipment near its border with Ukraine, parallel tensions have been building in world energy markets. It is not hard to see why. Natural gas flowing through a web of pipelines from Russia heats homes and power factories across much of Europe. Russia is also one of the continent’s key […]
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