The US oil and gas giant is demanding millions of euros in back taxes from Russia. US oil and gas giant ExxonMobil is demanding millions of euros in back taxes from Russia. Russian officials say Exxon chief executive Rex Tillerson was in Moscow for closed-door meetings with Energy Minister Alexander Novak. The Kommersant daily says Tillerson is contesting taxes paid on the Sakhalin-1 project in the... 

Vladimir Putin has been silent lately. But if anyone thought he had been shamed into defeat or marginalized, then think again. In the last few hours Russia has announced two key strategic decisions that show they are not going to stand idly by while their economy and way of life are destroyed by Western forces. First, presumably in response to stiff sanctions leveled by the United States and the European... 

Russian President Vladimir Putin has warned of the potential consequences of Russia’s gas dispute with Ukraine for Europe’s energy security. Putin highlighted the issue during a phone conversation with French President Francois Hollande and German Chancellor Angela Merkel on Thursday. “They… discussed the potential consequences for Europe’s energy security and economy of... 

Russia says Ukraine’s failure to pay its growing gas debt may impact gas delivery to European countries. Russia’s Energy Minister Alexander Novak said on Saturday that Moscow may be forced to cut off natural gas supplies to Europe over Ukraine’s mounting unpaid gas debt. According to Novak, Ukraine currently owes Russia over USD 2.230 billion in unpaid gas bills and the debt is to rise, as the... 

A startling report prepared by Energy Minister Alexander Novak for President Putin that is circulating in the Kremlin today warns that the United States is preparing to overturn the entire global economic system as it nears becoming the greatest energy producing nation in all of human history. According to this report, Russian, in fact global, fears of American energy dominance were realized this...