BERLIN—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 on Sunday after Russia cut gas supplies to Europe last week as it punched back against European sanctions and military support for Ukraine.
Russia will soon begin participating in Myanmar’s energy industry in place of international companies that quit, the Burmese junta said in response to the exit of three big Asian firms from a gas field in the coup-hit nation. Since April 29, the Malaysian and Thai state-owned oil firms and a Japanese energy conglomerate have withdrawn
Russias attack on Ukraine assisted push the price of oil to over $100 a barrel for the very first time given that 2014. Heres how rising oil expenses might further boost inflation across the U.S. economy. Picture illustration: Todd Johnson ” Any doubts countries had about the requirement to diversify into Yuan and other currencies/geographies
