Uniper lost €19.1bn due to undelivered Russian gas

Germany’s largest gas importer suffered a loss before interest and taxes of around €10.9 billion last year as it was put in an “extremely difficult” situation

EU ban on Russian diesel and oil products comes into force

The President of the European Commission has hinted at the introduction of more sanctions later this month

Eni strikes $8bn gas deal with Libya

Europe and the Libyan energy markets are expected to benefit from the agreement

TotalEnergies pulls out of Russian energy giant

The energy giant said it would take a $3.7bn hit as a result of its decision to withdraw its directors from Novatek and dump a 19.4% stake in the company

UK sanctions four Russian steel and petrochemical tycoons

They include oligarchs Alexander Abramov and Alexander Frolov, who are known to be business associates of Roman Abramovich and previously owned major stakes in Russian steel manufacturer Evraz

Norwegian energy giant Equinor completes Russia exit

It has exited from four joint ventures with state-owned Rosneft as well as the Kharyaga oilfield project

G7 countries agree on introducing a price cap on Russian oil

The measure aims to limit Russia’s earnings from oil exports

No Nord Stream 1 turbines are in Canada, says Gazprom

Canada’s Foreign Affairs Minister has unveiled plans to return five turbines

UK imported ‘no oil, gas or coal from Russia in June’

It is the first time on record that the UK has not imported any fuel from Russia

EU ban on Russian coal comes into force

The coal cutoff is predicted to impact about €8 billion worth of Russian exports every year