Dozens of protesters gathered on Thursday, July 14th in Dusseldorf near the headquarters of the German company Uniper, demanding it stops doing business with Russia immediately and, therefore, stop funding the terrorist country that is killing Ukrainians and destroying the country’s infrastructure.
The protest, organized by the local Ukrainian community, included placards reading “Uniper! Stop Bloody Energy”, as well as empty children’s shoes symbolizing the 349 killed Ukrainian children killed by Russia to date in this illegal war.
Germany will completely stop buying Russian coal on Aug. 1 and Russian oil on Dec. 31, marking a major shift in the source of the country’s energy supply, Joerg Kukies, state secretary in the German federal chancellery, said at a conference in Sydney.
Advertising and public-relations agencies have been banned for working for Russian oil and gas firms as part of a new wave of sanctions designed to increase pressure on the Putin regime.
The latest round of sanctions following Russian President Vladimir Putin’s invasion of Ukraine includes a ban on the export of services, including engineering and accounting, to Russia’s oil, gas and chemical industry.
The new sanctions outlaw 28 types of Canadian consultants, including technical and management consultants and advertising agencies, from working for Russia’s oil, gas and chemical sector, which accounts for about 50 percent of the country’s revenues.
Dozens of activists from Ukraine and Europe within the Stop Bloody Energy initiative held a rally in Davos against the energy business, which continues to operate in Russia. Russia has unleashed the most brutal and bloodiest war of the 21st century. Russia has been destroying Ukraine for three months.
Tens of thousands of people were killed, and hundreds of towns and villages were destroyed. Nevertheless, Russia continues to receive funding to continue the bloody war. Since February 24, the country has received more than 63 billion euros for the sale of its energy resources alone.
Norway’s Equinor said on Wednesday, May 25th, it has exited its Russian oil and gas joint ventures due to the war in Ukraine, transferring assets to state-owned Rosneft.
On May 24, action against the energy businesses, which continue to work with the Russian Federation, will be held in Davos.
At the World Economic Forum, Ukrainians will call on the world to stop investing in killing their citizens. Within the framework of the event, a performance by Ukrainian artist Dariya Koltsova, “The Last Lullaby” will take place. Another part of the #StopBloodyEnergy campaign will be the “Time to Choose Your Own Path” art initiative.
As organisers of the #StopBloodyEnergy action, we emphasise that the world must end this war through complete cessation of cooperation with russia. If not done today, tomorrow this may lead to war spreading far beyond Ukraine. Each of us is in russia’s crosshairs. Deprive them of their weapons – stop investing in the war!
Date: May 24, 2022
Performance time of Dariya Koltsova: 11:00–12:30, 14:00–16:00, 18:00–19:00
Location: Davos, street near Economic Forum
Swiss engineering group Sulzer has put its Russia business up for sale, joining the exit from the market hit by Western sanctions over Moscow’s invasion of Ukraine. The sales process will begin immediately, it said on Tuesday without providing further detail. A spokesperson said all options were open, including a buyout by local management.
Some 62 million barrels of Russia’s flagship Urals crude oil, a record amount, are sitting in vessels at sea, data from energy analytics firm Vortexa showed, as traders struggled to find buyers for the crude.
Poland said on Monday it had terminated its agreement with Russia to receive Russian gas via the Yamal pipeline, after Warsaw rejected a demand to pay for the fuel in roubles and Moscow responded by cutting off supplies in April.
Nord Pool has decided to stop trading Russian electricity from its only importer in the Baltic States Inter RAO. It means that as of Sunday, Lithuania will have completely cut import of Russian energy supplies, i.e. oil, electricity or natural gas.
Finland is the third European country to lose gas from Russia after refusing to pay for the fuel in rubles. Flows on a main pipeline from the region’s top supplier were halted in the early hours of Saturday, according to a filing by Finnish importer Gasum Oy. Poland and Bulgaria had their taps turned off last month for the same reason.
Treasury Secretary Janet Yellen said officials have discussed secondary sanctions and other ways to limit Russia’s oil revenues while minimizing the impact on energy prices during a meeting of finance ministers from the Group of Seven countries.
The European Union intends to mobilise up to 300 billion euros of investments by 2030 to end its reliance on Russian oil and gas, European Commission President Ursula von der Leyen said on Wednesday.
The European Union said that gas companies would violate sanctions if they open bank accounts in rubles to buy Russian gas, but can still purchase the fuel if they follow the bloc’s guidance.
It was reported that Ukraine has submitted its proposals to the REpowerEU strategy, which envisage practical steps to use the export capacity of the Ukrainian energy system.
Russia’s oil revenues are up 50% this year even as trade restrictions following the invasion of Ukraine spurred many refiners to shun its supplies, the International Energy Agency said.
Shell has agreed to sell its Russian retail-station and lubricants business to oil giant Lukoil PJSC, the latest Western company to find a local buyer for its planned Russia exit.
Finland’s Fortum will exit Russia and is looking for a buyer for its assets there, the utility said on Thursday, as the country flagged an application to join NATO in a move that drew an angry response from the Kremlin.
The European Union’s executive arm is set to bolster renewables and energy savings goals as part of a 195 billion-euro ($205 billion) plan to end its dependency on Russian fossil fuels by 2027.
Bulgaria’s Premier Kiril Petkov met with United States Vice President Kamala Harris in Washington. During the talks in the White House, the two parties have negotiated deliveries of liquefied natural gas to Bulgaria at prices lower than Gazprom’s. Gas deliveries are to start in June, the government’s press service announced.
EU officials are considering offering financial compensation to Hungary in an attempt to persuade Prime Minister Viktor Orbán to sign up to the bloc’s proposed sanctions on Russian oil.
Japan will embargo Russian crude oil imports “in principle”, as part of a G7 decision to counter Russia’s invasion of Ukraine, Japanese Prime Minister Fumio Kishida said after an online meeting of G7 leaders on Sunday.
Finland managed to cut the amount of oil it imports from Russia just after the invasion of Ukraine started in late February.
Germany took steps to ramp up liquefied natural gas (LNG) imports on Thursday as it moves away from piped Russian supply, renting four floating storage and regasification units (FSRUs) and choosing the North Sea port of Wilhelmshaven as the first handling hub.
Finland is prepared for the possibility of its eastern neighbour Russia cutting off its gas deliveries, a government minister told Reuters, ahead of the Nordic country’s decision on whether to join NATO.
Italy aims to cut off its dependence on Russian gas by the second half of 2024, Italy’s Ecological Transition Minister Roberto Cingolani said in an interview published on Tuesday.
The European Union will seek to step up cooperation with African countries to help replace imports of Russian natural gas and reduce dependence on Moscow by almost two-thirds this year.
Energy Minister Leonore Gewessler told reporters that the country is prepared to support a European Commission decision on further sanctions, including an embargo of Russian oil.
An embargo for Russian oil in the EU is becoming more and more likely: According to ZDF information, countries like Hungary and Austria are now moving away from their veto.
Tata Steel, the largest Indian importer of Russian coal in the first quarter of the year, will stop buying the commodity in a sign that Vladimir Putin’s invasion of Ukraine has made it more perilous to do so.
Gazprom PJSC’s daily natural-gas sales to key foreign markets slipped to the lowest in three months in April as customers turned to cheaper supplies on the spot market amid mild weather and a wave of LNG.
Well over 100 protesters gathered on Friday 29 April at Paris at the headquarters of the French company Engie to demand the termination of gas contracts with Gazprom in Russia and, therefore, to stop funding a terrorist country that is killing Ukrainians and destroying the country’s infrastructure. The protest, organised by the Union of Ukrainians, included placards reading “Engie! Stop Bloody Energy” with participants covered in red paint.
Volodymyr Kogutyak, coordinator of the action and a representative of the Association of Ukrainians in France, said, “Engie, Gazprom’s main partner in the French market, currently has five long-term contracts for the supply of Russian gas. Despite the full-scale Russian aggression in Ukraine, which has been going on for more than two months, Engie has not yet announced the termination of existing contracts with Russia. In cooperation with Gazprom, Engie finances the terrorist country, helping the murder of Ukrainian children and women, the destruction of Ukrainian cities.”
Germany’s Uniper and Austria’s OMV plan to use rouble accounts for payments while Eni of Italy weighs options.
Shell last month said it would phase out buying Russian crude and its involvement in all Russian hydrocarbons from oil to natural gas, after facing an uproar over buying a Russian crude cargo in the days following Moscow’s invasion of Ukraine.
Thanks to efforts to diversify oil suppliers and with support from the Polish government, Germany is days away from being independent of Russian oil, Vice-Chancellor Robert Habeck said.
Russia failed to sell a huge batch of oil, a sign that soon-to-be imposed sanctions against its state oil giant are playing havoc with the energy industry that undergirds its bruised economy.
State energy groups in Warsaw and Sofia say Gazprom has warned of threat to flows.
U.S. officials and the European Union are in talks over steps the EU could take to restrict oil imports from Russia and cut the income that Moscow makes from sales, according to people familiar with the matter.
Turkey and Deutsche Bank AG are in the final stages of talks for a pioneering 1 billion-euro ($1.1 billion) loan to finance liquefied natural gas purchases that will reduce the country’s reliance on Russian imports.
Germany will stop importing oil from Russia by the end of the year said German Foreign Minister Annalena Baerbock after a meeting with her Baltic counterparts.
President Emmanuel Macron promised on April 16 to make France the “first great nation” to stop using oil, coal and gas as energy sources.
While gas remains a sticking point, the country ‘indicated an awareness that oil will probably be part of a sixth package’ of sanctions.
Officials are drafting a phased import ban on Russian oil products, but the measure won’t be floated until after the second round of the French elections at the earliest.
Germany rejects a European Union ban on Russian oil at the moment and continues to oppose payments in rouble for Russian energy.
Russia has reported its largest current account surplus in around three decades, as revenue from the country’s oil and gas exports surged, Bloomberg records show. The surge in oil and gas exports came as imports plunged on the back of sweeping sanctions over the Ukraine war.
The Ukrainian side is working on creating a sanctions model that will stop Russian aggression and destroy the Russian Federation economically, Andriy Yermak, head of the President’s Office, has said.
The European Union’s executive is drafting proposals for an EU oil embargo on Russia, the foreign ministers of Ireland, Lithuania and the Netherlands said on Monday (11 April), although there is still no agreement to ban Russian crude.
A “real embargo” on Russian energy by Western countries could stop war in Ukraine, President Putin’s former chief economic adviser has suggested.
As a humanitarian assistance effort for those affected by the Ukrainian situation, Komatsu is going to donate EUR 1 million to a support organization. Additionally, Komatsu is planning to solicit cash contributions from our employees.
European leaders have agreed to phase out Russian coal imports as part of a new package of sanctions triggered by evidence of atrocities in Bucha, Ukraine. An oil embargo could be next.
In a resolution adopted with 513 votes to 22 and 19 abstentions on Thursday, MEPs call for additional punitive measures, including “an immediate full embargo on Russian imports of oil, coal, nuclear fuel and gas”.
Russian coal and oil paid for in yuan is about to start flowing into China as the two countries try to maintain their energy trade in the face of growing international outrage over the invasion of Ukraine.
China’s state refiners are honouring existing Russian oil contracts but avoiding new ones despite steep discounts, heeding Beijing’s call for caution as western sanctions mount against Russia over its invasion of Ukraine, six people told Reuters.
India and China, which have refused to condemn Russia’s actions, continue to buy Russian crude. Lured by steep discounts following Western sanctions on Russian entities, India has bought at least 13 million barrels of Russian crude oil since late February.
Baroness Meyer about Stop Bloody Energy.
Adding it to the list of embargoed products would make life as difficult as possible for Vladimir Putin.
Slovakia will act in unison with the European Union against Russia’s gas payments demands, Prime Minister Eduard Heger said after a minister raised the option of paying in roubles if necessary to keep gas flowing.
Russia made considerably less money than forecast from oil and gas sales in March, suggesting that the Kremlin underestimated the impact of the Ukraine war.
Lithuania says it has cut itself off entirely of gas imports from Russia, apparently becoming the first of the European Union’s 27 nations using Russian gas to break its energy dependence upon Moscow.
President Vladimir Putin has threatened to cut gas supplies to “unfriendly” countries if they don’t start paying for gas imports in Russian roubles. The US, EU, and UK placed restrictions on oil and gas imports from Russia after it invaded Ukraine in February.
Measures implemented this year could bring down gas imports from Russia by over one-third, with additional temporary options to deepen these cuts to well over half while still lowering emissions, the International Energy Agency (IEA) said in a 10-point plan released on 3 March.
ArcelorMittal SA, Europe’s biggest steelmaker, has eliminated Russian commodities from its supply chain following the invasion of Ukraine.