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 to become a member state of the European U [...]
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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 this poor performance? [...]
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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 ruling Fidesz party to join the new US and EU Cold War against Russia, which has seen the Hungari [...]
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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 on European capital markets – Rosneft, Transn [...]
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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 in an energy-pinch since fighting erupted in eastern Ukraine. [...]
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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 said. This specifically means enterin [...]
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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 current environment for the introduction of sectorial trade and [...]
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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 price of gas stipulated in the document remains a "commercial secret." [...]
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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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The IMF goes to war in Ukraine
The IMF has approved a $17 billion loan to Ukraine. The first $3.2 billion tranche has arrived on Wednesday. It’s essential to identify the conditions attached to this Mafia-style “loan.” Nothing remotely similar to reviving the Ukrainian economy is in play. The scheme is inextricably linked to the IMF’s notorious, one-size-fits-all “structural adjustment” policy, known to hundreds of [...]
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“Ukraine can’t have it both ways”€™
It is ridiculous of Ukraine to accuse Russia of using the gas weapon because the Russians are simply charging normal market prices, Srdja Trifkovic, Foreign Affairs editor at '€˜Chronicles'€™ magazine, told RT. Ukraine's economy is in a shambles and its people are suffering. Is it morally justified to turn the taps off? [...]
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Sanctions effect: Russia to change its economic partners… for the better
Western sanctions might push Russia to deepen cooperation with BRICS states, in particular, to strengthen its ties with China, which will possibly turn out to be a big catastrophe for the US and the EU some time later. On March 18, the spokesperson for the Kremlin, Dmitry Peskov, claimed in a BBC interview that Russia would switch to new partners in case of economic sanctions being imposed by the [...]
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Fracking dilemma: Fresh water or cheap gas? The latter ‘is not likely to happen’
Energy companies are giving people a very unhealthy choice: Whether to have cheap gas, which is unlikely to happen, or fresh water, former oil executive Ian Crane, now a campaigner against fracking, tells RT. [...]
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