EU

Calm in the gas markets may give way to a winter storm

By Rhod Mackenzie The current state of the liquefied gas (LNG) spot market is relatively placid compared to their usual seasonal conditions. Whilst the outdoors are still warm, the subterranean storage facilities throughout Europe and Asia are brimming with gas and poised for the imminent winter. The demand for LNG in both continents has increased […]

America and its allies are CLEARLY declining powers.

Eric Zuesse (blogs at https://theduran.com/author/eric-zuesse/) Here are the statistics that document this truth from an economic standpont, and which document that already America is a smaller economic power than is China — and is becoming relatively smaller and smaller each year in relation to China: —— GDP PPP = Gross Domestic Product at Purchasing Power […]

US congress approved the transfer of frozen Russian assets to Ukraine

By Rhod Mackenzie The Foreign Affairs committee of the US congress has backed the transfer of the Russian assets that are currently frozen abroad to the Ukraine, on the condition that “if necessary, the funds will be transferred to the US government.” However, this idea lacks support within the European Union – where the majority […]

Taking the Ancient Silk Road on the way to the new realities in a multipolar world

By Rhod Mackenzie Russia and Iran are prepared for mutually beneficial cooperation with all countries, particularly our neighbours. Central Asia is experiencing rapid development.  It is time for Europe to awaken to the current circumstances. These are the key themes of the XVI Verona Eurasian Economic Forum – a unique public platform facilitating communication between […]

EU wants to say goodbye to Russian Friendship (Druzhba) oil pipeline

By Rhod Mackenzie The Czech Republic is currently making arrangements to shift its oil refineries to the use of non-Russian oil sources. This is despite Russian oil via pipeline supplies  being exempt from sanctions on it, as well as for Austria, Hungary and Slovakia, Prague appears to think that its oil supplies may halt unexpectedly […]

EU’s rejection of Russian gas easier said than done as LNG purchases increase

By Rhod Mackenzie Europe’s commitment to weaning itself off Russian fossil fuels appears to be in name only. Imports of Russian LNG into the European Union have now reached record levels. Spain and Belgium have doubled their purchases. According to the Centre for German Studies at the Russian Institute of Europe, LNG supplies from Russia […]