Germany considers seizing parts of a Russian gas pipeline to use in an LNG terminal as Europe reels from an energy crisis, report says

posted in: Germany, News

—Germany wants to repurpose part of the Nord Stream 2 pipeline for an LNG terminal, according to Der Spiegel. —The Russia-owned gas pipeline is not in use after Berlin vowed not to make it operational due to the war in … Read More

It’s not going to be easy for the G7 to cap the price of Russian oil

posted in: European Union, News

Legitimizing cheap Russian crude could boost sales and muddle the message on Ukraine Western sanctions already had the perverse effect of increasing the energy profits financing Russia’s war in Ukraine — and the G7’s new plan to fix that by … Read More

British troops must prepare ‘to fight in Europe once again’ says new Army chief

Britain must have a military capable of fighting in Europe and defeating Russia, the new head of the Army has said. General Sir Patrick Sanders, who took over on Monday from General Sir Mark Carleton Smith as the professional head … Read More

Russia on the brink of historic debt default as payment period expires

posted in: News, Russia

KEY POINTS —Interest payments totaling $100 million were due on May 27 and subject to grace period which expired on Sunday night. —Sweeping sanctions imposed by Western powers in response to Russia’s invasion of Ukraine, along with countermeasures from Moscow, … Read More

Germany makes major announcement on army

posted in: Germany, News

Chancellor Scholz has promised to make the Bundeswehr the “biggest conventional army” among European NATO member states. The German military will contribute considerably to the strengthening of NATO’s east flank, the country’s Chancellor, Olaf Scholz, has announced. He also promised … Read More

EU leaders talk economy as Russia slashes gas supplies

posted in: European Union, News

Amid record-high inflation and a Russian gas squeeze, the European Union’s 27 states are addressing their economic woes against the backdrop of Russia’s invasion of Ukraine. Leaders of the European Union’s 27 member states are meeting for the second day … Read More

‘Green’ Germany Prepares To Fire Up the Coal Furnaces

posted in: Germany, News

Strongly held wishes and pixie dust won’t deliver a green utopia. Somehow, Germany, a country where the government is firmly committed to “green” energy, is preparing to fire up coal-burning power plants. The move is even more remarkable given that … Read More

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