Friday

29th Mar 2024

Ticker

Russia cuts gas to Dutch supplier

Russia's Gazprom turned off supply to major Dutch trader GasTerra on Tuesday, escalating the economic battle between Moscow and Europe, Reuters reported. The move comes a day after Denmark flagged a potential end to its Russian gas supply. GasTerra, which buys gas on behalf of the Dutch government, said it had contracted elsewhere for the 2 billion cubic metres (bcm) it had expected to receive from Gazprom until October.

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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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