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29th Mar 2024

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Russian tanker on record Arctic route to China

Russian gas tanker, the Christophe de Margerie, was, on 27 May, approaching the Russian island of Wrangel in the Arctic Ocean en route to the Chinese port of Jingtang, the Barents Observer news website has reported. The trip is the earliest-ever on the northern route without using an ice-breaker ship, although one is accompanying the tanker, amid record-high temperatures in the Arctic region in recent years due to climate change.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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