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Tag Archives: Russia

Russia says wants answers on NATO troops in eastern Europe

Ukrainian officer

By Thomas Grove MOSCOW (Reuters) – Russia said on Thursday it wanted answers from NATO on its activities in eastern Europe after the Western military alliance promised to beef up defenses for its eastern members. Russia’s annexation of Ukraine’s Crimea region last month has caused the deepest crisis in East-West relations since the Cold War, leading the West to impose sanctions and ...

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Obama signs law providing Ukraine loan guarantees

WASHINGTON (AP) — President Barack Obama has signed into law a bill providing $1 billion in loan guarantees to Ukraine. The legislation signed by the president on Thursday also punishes Russia for its bold annexation of the Ukrainian region of Crimea. The law calls for the direct imposition of sanctions on certain people with regard to Ukraine. Some in Congress ...

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France’s Total gets rights to explore Russian shale oil

Total France

(Reuters) – French oil major Total has secured the rights to explore three hard-to-recover oil blocks in West Siberia, according to a statement on the website of the Russian region’s governor. Total will join other majors, ExxonMobil, Statoil and Royal Dutch Shell, to develop Russian shale oil, a key driver in Moscow’s efforts to at least maintain its oil output at ...

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Kerry denounces use of energy as weapon

BRUSSELS (AP) — U.S. Secretary of State John Kerry on Wednesday denounced the use of energy as a weapon, a day after Russia sharply hiked the price for natural gas to Ukraine. Kerry told a meeting of the US-EU Energy Council at European Union headquarters in Brussels that supplies of oil and gas have to be secured throughout the world ...

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Chevron, Polish firm jointly explore for shale gas


WARSAW, Poland (AP) — Poland’s gas giant PGNiG and Chevron on Monday agreed to jointly hunt for shale gas in southwestern Poland in a move to speed up the exploration amid tension with major gas supplier, Russia. Dependent on Russian imports, Poland wants to diversify its energy sources and is placing hopes in its reportedly sizeable shale gas deposits. Warsaw ...

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Obama ends four-nation trip in diplomatic limbo over Ukraine

* Obama says Putin grieving for loss of Soviet Union (Updates with Kerry-Lavrov meeting next week) * Kerry, Russia’s Lavrov to meet again soon * Obama says Putin grieving for loss of Soviet Union (Updates with Kerry-Lavrov meeting next week)   By Steve Holland and Jeff Mason   RIYADH, March 29 (Reuters) – U.S. President Barack Obama ended a four-nation foreign trip on ...

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U.S. now producing 10% of world’s oil supply

pump jizacks

By: John Bestoloffe , Shale Plays Media The United States is now responsible for 10 percent of global crude oil production, according to the U.S. Energy Information Agency. Both the Bakken and Eagle Ford shale formations played a significant part in the increase of recent years. The Bakken formation is now producing 35 percent of the country’s oil and Eagle Ford ...

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U.N. General Assembly declares Crimea secession vote invalid

UN flags united nations

By Louis Charbonneau and Mirjam Donath (Reuters) – The U.N. General Assembly on Thursday passed a non-binding resolution declaring invalid Crimea’s Moscow-backed referendum earlier this month on seceding from Ukraine, in a vote that Western nations said highlighted Russia’s isolation. There were 100 votes in favor, 11 against and 58 abstentions in the 193-nation assembly. Two dozen countries did not ...

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IMF throws Ukraine financial lifeline, Russian economy to slump

Ukranian tanks

By Natalia Zinets And Elizabeth Piper (Reuters) – Ukraine won a $27-billion international financial lifeline on Thursday, rushed through in the wake of Russia’s annexation of Crimea, as Moscow’s economy minister spoke of the cost of military action in its former Soviet neighbor. The International Monetary Fund announced agreement on a $14-18 billion standby credit for Kiev in return for tough ...

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