Friday

29th Mar 2024

Ticker

Russia cuts gas supply to Finland

Russia state-owned gas giant Gazprom told Finalnd's gas operator that it will cut gas supplies to Finland on Saturday, Finland's Gasum said on Friday. "We have been carefully preparing for this situation," Gasum's CEO Mika Wiljanen said, with the company continuing to supply gas from different sources. Gazprom's move comes as Finalnd last week announced that it wants to join Nato in light of Rusia's invasion of Ukraine.

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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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