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2022 Russia–European Union Gas Dispute
The Russia–EU gas dispute flared up in March 2022 following the invasion of Ukraine in late February. Russia and the major EU countries clashed over the issue of payment for pipeline natural gas exported to Europe by Russia's Gazprom. In June, Russia cut the flow of gas by more than half, in July it stopped and resumed it, and in September it stopped it altogether. On 26 September 2022, the Nord Stream 1 and 2 gas pipelines both ruptured with evidence of sabotage. Background Europe consumed 512 billion cubic metres (bcm) of natural gas in 2020, of which 185 bcm (36%) came from Russia. In early 2022, Russia supplied 45% of EU's natural gas imports, earning $900 million a day, and by October 2022, it had decreased to 7.5%. Following Russia's invasion of Ukraine in February 2022, the United States, the European Union, and other countries, introduced or significantly expanded sanctions to cut off "selected Russian banks" from SWIFT. Assets of the Central Bank of Russia he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TTF Natural Gas
TTF may refer to: Science and technology * TrueType fonts, an outline font standard originally developed by Apple * Tetrathiafulvalene, an organic compound used in materials science * Trend type forecast, an aviation weather forecast * Tumor treating fields (TTFields), a medical therapy to treat cancerous tumors with alternating electric fields Music * Ten Thousand Fists, an album by the hard rock band Disturbed * The Time Frequency, Scottish techno band * Tunnel Trance Force, a long-running trance mix CD series from Tunnel Records * Throw the Fight, an American rock band Other uses * Tanker Task Force * Tax transparent fund, the proposed authorised collective investment scheme structure in the UK * Timber Trade Federation, federation of British timber industries based in London * Title Transfer Facility, a virtual trading point for natural gas in the Netherlands * Titus the Fox, a platform game by Titus Interactive * Custer Airport (IATA code), Monroe, Michigan, US * Tuvalu Trust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Politico
''Politico'' (stylized in all caps), known originally as ''The Politico'', is an American, German-owned political journalism newspaper company based in Arlington County, Virginia, that covers politics and policy in the United States and internationally. It primarily distributes content online but also with printed newspapers, radio, and podcasts. Its coverage in Washington, D.C., includes the U.S. Congress, lobbying, the media, and the presidency. Axel Springer SE, a German publisher, announced in August 2021 that it had agreed to buy Politico from founder Robert Allbritton for over $1 billion. The closing took place in late October 2021. The new owners said they would add staff, and at some point, put the publication's news content behind a paywall. Axel Springer is Europe's largest newspaper publisher and had previously acquired ''Insider''. History Origins, style, and growth ''Politico'' was founded in 2007 to focus on politics with fast-paced Internet reporting in g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Ruble
''hum''; cv, тенкĕ ''tenke''; kv, шайт ''shayt''; Lak: къуруш ''k'urush''; Mari: теҥге ''tenge''; os, сом ''som''; tt-Cyrl, сум ''sum''; udm, манет ''manet''; sah, солкуобай ''solkuobay'' , name_abbr = руб, Rbl , image_1 = Banknote_5000_rubles_2010_front.jpg , image_title_1 = banknote of the current series , image_2 = Rouble coins.png , image_title_2 = Coins , iso_code = RUB , date_of_introduction = 14 July 1992:RUR (1 SUR = 1 RUR)1 January 1998:RUB (1,000 RUR = 1 RUB) , replaced_currency = Soviet ruble (SUR) , using_countries = , unofficial_users = , inflation_rate = 12.0% (November 2022) , inflation_source_date Bank of Russia, inflation_method = CPI , unit = ruble , subunit_ratio_1 = , subunit_name_1 = kopeyka (копейка) ''tiyen''; ba, тин ''tin''; cv, пус ''pus''; os, капекк ''kapekk''; udm, коны ''kony''; Mari: ыр ''yr''; sah, харчы ''harchy'' , symbo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vladimir Putin
Vladimir Vladimirovich Putin; (born 7 October 1952) is a Russian politician and former intelligence officer who holds the office of president of Russia. Putin has served continuously as president or prime minister since 1999: as prime minister from 1999 to 2000 and from 2008 to 2012, and as president from 2000 to 2008 and since 2012. Putin worked as a KGB foreign intelligence officer for 16 years, rising to the rank of lieutenant colonel before resigning in 1991 to begin a political career in Saint Petersburg. He moved to Moscow in 1996 to join the administration of president Boris Yeltsin. He briefly served as director of the Federal Security Service (FSB) and secretary of the Security Council of Russia, before being appointed as prime minister in August 1999. After the resignation of Yeltsin, Putin became Acting President of Russia and, less than four months later, was elected outright to his first term as president. He was reelected in 2004. As he was constitutio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ursula Von Der Leyen
Ursula Gertrud von der Leyen (; Albrecht, born 8 October 1958) is a German politician who has been serving as the president of the European Commission since 2019. She served in the German federal government between 2005 and 2019, holding successive positions in Angela Merkel's cabinet, most recently as minister of defence. Von der Leyen is a member of the centre-right Christian Democratic Union (CDU) and its EU counterpart, the European People's Party (EPP). She was born and raised in Brussels to German parents. Her father, Ernst Albrecht, was one of the first European civil servants. She was brought up bilingually in German and French. She moved to the Hanover Region in 1971 when her father entered politics to become minister-president of the state of Lower Saxony in 1976. As an economics student at the London School of Economics in the late 1970s, she lived under the name Rose Ladson, the family name of her American great-grandmother from Charleston, South Carolina. A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Energy Agency
The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation, established in 1974, that provides policy recommendations, analysis and data on the entire global energy sector, with a recent focus on curbing carbon emissions and reaching global climate targets, including the Paris Agreement. The 31 member countries and 11 association countries of the IEA represent 75% of global energy demand. The IEA was set up under the framework of the Organisation for Economic Co-operation and Development (OECD) in the aftermath of the 1973 oil crisis to respond to physical disruptions in global oil supplies, provide data and statistics about the global oil market and energy sector, promote energy savings and conservation, and establish international technical collaboration on innovation and research. Since its founding, the IEA has also coordinated use of the oil reserves that its members are required to hold. In subsequent decades, the IEA's role expande ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Energy Agency
The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation, established in 1974, that provides policy recommendations, analysis and data on the entire global energy sector, with a recent focus on curbing carbon emissions and reaching global climate targets, including the Paris Agreement. The 31 member countries and 11 association countries of the IEA represent 75% of global energy demand. The IEA was set up under the framework of the Organisation for Economic Co-operation and Development (OECD) in the aftermath of the 1973 oil crisis to respond to physical disruptions in global oil supplies, provide data and statistics about the global oil market and energy sector, promote energy savings and conservation, and establish international technical collaboration on innovation and research. Since its founding, the IEA has also coordinated use of the oil reserves that its members are required to hold. In subsequent decades, the IEA's role expand ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body of about 32,000 European civil servants. The Commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a Director-General who is responsible to a Commissioner. There is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission President (currently Ursula von der Leyen) is proposed by the European Council (the 27 heads of state/governments) and elected by the European Parliament. The Council of the European Union then nominates the other members of the Commission in agreement with the nominated President, and the 27 members as a team are t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Default
A sovereign default is the failure or refusal of the government of a sovereign state to pay back its debt in full when due. Cessation of due payments (or receivables) may either be accompanied by that government's formal declaration that it will not pay (or only partially pay) its debts (repudiation), or it may be unannounced. A credit rating agency will take into account in its gradings capital, interest, extraneous and procedural defaults, and failures to abide by the terms of bonds or other debt instruments. Countries have at times escaped some of the real burden of their debt through inflation. This is not "default" in the usual sense because the debt is honored, albeit with currency of lesser real value. Sometimes governments devalue their currency. This can be done by printing more money to apply toward their own debts, or by ending or altering the convertibility of their currencies into precious metals or foreign currency at fixed rates. Harder to quantify than an in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
S&P Global
S&P Global Inc. (prior to April 2016 McGraw Hill Financial, Inc., and prior to 2013 The McGraw–Hill Companies, Inc.) is an American publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of business are financial information and analytics. It is the parent company of S&P Global Ratings, S&P Global Market Intelligence, S&P Global Mobility, S&P Global Engineering Solutions, S&P Global Sustainable1, and S&P Global Commodity Insights, CRISIL, and is the majority owner of the S&P Dow Jones Indices joint venture. "S&P" is a shortening of "Standard and Poor's". Corporate history The predecessor companies of S&P Global have history dating to 1888, when James H. McGraw purchased the ''American Journal of Railway Appliances''. He continued to add further publications, eventually establishing The ''McGraw Publishing Company'' in 1899. John A. Hill had also produced several technical and trade publications and in 1902 formed his own business, The ''Hil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2022 Russian Debt Default
Russia defaulted on part of its foreign currency denominated debt on June 27, 2022 (because the money got stuck in Euroclear), its first such default since 1918 ( in 1998 it was ruble-denominated bonds). Before that, on 2 June, Russia defaulted on the 30-day interest, incorrectly not counting interest for the grace period, but a failure to pay $1.9 million was not sufficient to trigger a cross-default across other instruments, because the minimum threshold is an amount of at least $75 million, according to documents for other Russian eurobonds. The default occurred due to technicalities as the payment in dollars was impossible due to the sanctions by US and EU authorities, but did not mark an actual lack of capability to pay its debts. Background The United States Treasury Department in February 2022 moved to cut off Russia from the global economy after the 2022 Russian invasion of Ukraine, announcing that it would immobilize Russian central bank assets that are held in the U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
