Natural resources

Iceland considers withdrawing EU application – PM

Iceland is planning to formally withdraw its EU application, the country’s prime minister told the national radio station. Reykjavik also wants to lift capitals controls imposed on Iceland by Brussels after a financial crisis hit the country in 2008. Despite expected public protests, Iceland is going to make a second attempt to withdraw its application […]

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“EU may become an increasingly declining part of the world”

The eurozone has huge problems and is holding back the global economy from growing, however the world in general is doing ok, Jim O’Neill, former chairman of Goldman Sachs Asset Management, told RT. Europe’s had a hard time economically in the last few years, with 2014 seeing an especially sharp slowdown in growth. What’s behind […]

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The bullying of Hungary – the country that dared to disobey the US and EU

25 years ago, Hungary was being toasted in the West for opening its border with Austria to East Germans, in a move which led to the fall of the Berlin Wall. Now the Western elites are not happy with Budapest which they consider far too independent. The refusal of Prime Minister Viktor Orban and his […]

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EU publishes Russia sanctions list: Energy, finance, defense targeted

Arms producer Kalashnikov and oil giant Rosneft are among Russian companies hit by a new round of EU sanctions, which have come into effect Friday morning upon being published in the EU Official Journal. The sanctions target the finance, energy and defense sectors. The union has restricted three Russian energy companies from raising long-term debt […]

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Energy-pinched Ukraine orders 1mn tons of coal from South Africa

Ukraine has agreed to import 1 million tons of coal from South Africa according to Prime Minister Arseny Yatsenyuk. Fighting in the east has shut down production at half the country’s coal mines, and stocks will only last until November. The first ship has already been loaded for delivery to Ukraine, which has found itself […]

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Bulgaria halts South Stream gas pipeline project for second time

All operations on Russia’s Gazprom-led project South Stream have been suspended, as they do not meet the requirements of the European Commission, Bulgaria’s Ministry of Economy and Energy said on its website. “Minister of Economy and Energy Vasil Shtonov has ordered Bulgaria’s Energy Holding to halt any actions in regards of the project,” the ministry […]

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9 EU countries ready to block economic sanctions against Russia

France, Germany, and Italy are among EU members who don’t want to follow the US lead and impose trade sanctions on Russia. US sanctions are seen as a push to promote its own multibillion free-trade pact with Europe. “France, Germany, Luxembourg, Austria, Bulgaria, Greece, Cyprus, Slovenia, and EU President Italy see no reason in the […]

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“No to war!” Thousands of miners protest Kiev’€™s crackdown on E. Ukraine

The coal miners of the Donetsk region have stayed away from work and marched in downtown Donetsk against Kiev’€™s military campaign against Ukrainian citizens, which has already killed over 250 civilians, according to the UN. A rally on Donetsk’s central Lenin Square initially attracted about 1,000 people.

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Russia, Belarus, Kazakhstan sign ‘€˜epoch’ Eurasian Economic Union

Russia, Belarus, and Kazakhstan signed the historic Eurasian Economic Union which will come into effect in January 2015. Cutting down trade barriers and comprising over 170 million people it will be the largest common market in the ex-Soviet sphere.

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€‹Russia and China seal historic $400bn gas deal

After 10 years of negotiations, Russia’s Gazprom and China’s CNPC have finally signed a historic gas deal which will provide the world’s fastest growing economy with the natural gas it needs to keep pace for the next 30 years. The total value of the contract is $400 billion, Gazprom CEO Aleksey Miller said. However, the […]

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The birth of a Eurasian century: Russia and China do Pipelineistan

A specter is haunting Washington, an unnerving vision of a Sino-Russian alliance wedded to an expansive symbiosis of trade and commerce across much of the Eurasian land mass – at the expense of the United States. And no wonder Washington is anxious. That alliance is already a done deal in a variety of ways:

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Russia-China ties at highest level in history -€“ Putin

Russia-China cooperation has reached its highest level ever, Russian President Vladimir Putin has said in an interview with Chinese media on the eve of his visit to Shanghai, where a record package of documents is expected to be signed by the two nations.

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Shale gas and politics: Are Western energy giants€™ interests behind Ukraine violence?

Economic interests, such as untapped shale gas resources, already sliced and diced by Western energy giants, are behind the Kiev government’€™s “€˜anti-terrorist” operation against the pro-federalist regions, foreign policy expert Nebojsa Malic tells RT.

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Russia: Historic 30-yr gas deal with China set to be signed next week

A historic, long-term deal for the delivery of Russian gas to China that has been 10 years in the making is 98 percent ready, Russia’€™s Deputy Energy Minister Anatoly Yanovsky has said. All that’s needed are the two countries’€™ signatures, he added.

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Fracking’€™s unexpected side-effect: Traffic deaths on the rise

Fracking requires twice or three times as many truck trips per well as older oil and gas extraction techniques. That could be reason for drilling areas in US witnessing a significant spike in traffic fatalities, new analysis suggests.

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