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Germany will restart coal-fired power plants and offer incentives for companies to curb natural gas consumption, marking a new step in the economic war between Europe and Russia. Berlin unveiled the measures Sunday after Russia cut gas supplies to Europe last week as it punched back against European sanctions and military support for Ukraine. The steps, part of a broader strategy initiated after the invasion of Ukraine, aim to reduce gas consumption and divert gas deliveries to storage facilities to ensure that the country has enough reserves to get through the winter.

Germany will support the European embargo of Russian oil, marking another significant turnaround in the nation’s position as the invasion of Ukraine continues. Ambassadors will reportedly table the proposal at an ambassadors summit in Brussels on Wednesday, with expectations to approve the embargo by the end of next week. Germany has resisted such an embargo, but government sources told German news agency dpa on Sunday that Chancellor Olaf Scholz will back the embargo. Scholz previously urged caution against any outright ban over concerns of the consequences, which he believed would prove devastating to Germany’s economy and the continent as a...

The EU faces difficult questions that need to be debated now rather than later. Europe needs a strong deterrent against Moscow, and that will only be possible if France and Germany team up to advance the debate. In the end, the meeting at the United States airbase in Ramstein, Germany, resembled a ribbon ceremony with praise awarded to the most diligent. Germany is a great friend that is doing everything it can to support Ukraine, U.S. Secretary of Defense Lloyd Austin said. It was not only thanks for the Germans’ proposal to send tanks to Ukraine, but also the polite...

Bulgaria's main ruling alliance has responded to a Russian gas cutoff by abandoning the hesitancy that has kept that Black Sea state from supplying military aid to Ukraine, capping off two days of political messaging with visiting Prime Minister Kiril Petkov declaring outside the Ukrainian capital that it would be "inhuman to remain uninvolved" as Russia's invasion unfolds. After Gazprom suspended natural gas supplies to Bulgaria and Poland amid escalating fallout from the 8-week-old war, Petkov and his We Continue The Change alliance vowed on April 27 that all 67 of its lawmakers will back military assistance for Kyiv in...

Russia decided to make "unfriendly nations" pay for its gas in rubles after the Western countries and their allies imposed harsh sanctions on Moscow over its military operation in Ukraine.Gazprom, major Russian gas company, is to suspend supplies to Bulgaria starting from April 27, the Agence France-Presse (AFP) reported on Tuesday, citing a statement from the Bulgarian economy ministry. The ministry announced that the country’s state-owned company Bulgargaz and the Bulgarian Energy Holding (BEH) assessed the possibility of implementing the new two-stage payment procedure proposed by the Russian government and said it “does not comply with the contract valid until...

Biden’s executive orders ending the Keystone Pipeline, along with exploration and drilling on almost all federal land, when combined with the Democrats’ and RINOs’ uncontrolled spending (made possible by printing money), has created unprecedented inflation in America. To try to stave off the worst of it before the mid-terms, Biden recently announced he was releasing 1 million barrels of oil per day from our Strategic Petroleum Reserve. However, it turns out that he’s sending at least some of that oil to Europe! When you have a government that destroys America’s energy independence, you’re going to have rising fuel prices. (As...

Growing number of Kremlin insiders 'feel Ukraine invasion was a 'catastrophic' mistake and fear Putin could use NUKES... but Vladimir is dismissing all criticism of his plan' Kremlin insiders said Ukraine invasion will 'doom' Russia to years of isolation They warn Russia will be left with a crippled economy due to global sanctions It comes as Russian force's death toll rose to 20,900 according to Kyiv estimates A growing number of senior Kremlin insiders are said to feel Vladimir Putin's invasion of Ukraine was a 'catastrophic' mistake, and fear the Russian strongman could resort to using nuclear weapons as Moscow's...

Germany has said it will stop importing oil from Russia by the end of the year. "We will halve oil by the summer and will be at zero by the end of the year, and then gas will follow," said German Foreign Minister Annalena Baerbock. Germany currently buys a quarter of its oil and 40% of its gas from Russia and has warned that it could face a recession if supplies suddenly stopped. The US has already banned Russian oil imports, while the UK plans to phase them out by the end of the year. The EU has said it...