Russia's gas giant Gazprom has scrapped a discount given to Ukraine as a form of financial aid in december 2013. The resulting price hike will deal another blow to the struggling economy, and a lot of Ukrainians already struggling to make ends meet.
Ex-German chancellor Gerhard Schröder has been voted head of the board of Rosneft, as the oil giant seeks to boost its business in Germany. Other Russian firms are also investing in the country, despite the sanctions.
As the EU executive deliberates on the controversial gas pipeline planned to link Russian gas supplies with German consumers, many believe Nordstream II could still fall victim to the EU's energy policy.
It's official. Former German Chancellor Gerhard Schröder is now chairman of the Russian energy giant Rosneft's board of directors — an appointment that has caused plenty of controversy here in Germany.
Russia's Gazprom has begun construction on the TurkStream gas pipeline under the Black Sea to Turkey. Feeder lines are planned to also supply EU markets.
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