Russia has set a deadline for Kiev to pay part of its debt to Moscow or the flow of Russian gas to Ukraine will be halted. The acting Kiev government has until June 3 to pay part of its debt or face cuts in natural gas supplies from Russia. According to Russia’s Gazprom CEO Alexey Miller, with last month’s consumption included, Ukraine’s debt will rise to USD 5.2 billion by June 7. Russia has... 

Bilderberg, the annual gathering of the world’s most powerful politicians and business magnates, is clearly shaping global policies by positioning its favored politicians as world leaders, determining the timetables of military conflicts and influencing the economic policies of nearly every nation on the planet, impacting the lives of billions around the globe. Daniel Estulin, an author and expert... 

A troubling new report released by the Ministry of Civil Defense, Emergencies and Elimination of Consequences of Natural Disasters (EMERCOM) today states that President Putin has issued a dreaded “Black Notice” to all Russian ministries banning the foreign travel of all “vital and essential” civilian and military persons under the powers granted to him by Articles 87 and 88 of the Constitution. The... 

Is the petrodollar monopoly about to be shattered? When U.S. politicians started slapping economic sanctions on Russia, they probably never even imagined that there might be serious consequences for the United States. But now the Russian media is reporting that the Russian Ministry of Finance is getting ready to pull the trigger on a “de-dollarization” plan. For decades, virtually all oil and... 

Ukraine’s interim Prime Minister Arseniy Yatsenyuk Ukraine has accused Russia of stealing energy resources in Crimea and threatened to take Russia to court over its recent gas price increases. On Tuesday, Ukraine’s interim Prime Minister Arseniy Yatsenyuk said that the Ukrainian government would take Russia to court unless it agreed to a gas supply contract based on market prices. He also said... 

The International Monetary Fund has approved a two-year $17.1 billion loan package for Ukraine. The immediate disbursement of $3.2 billion will allow Ukraine to avoid a potential debt default. The IMF’s 24-member board agreed to the two-year program to aid Ukraine’s troubled economy on Wednesday. The approval gives the green light for the immediate release of $3.2 billion to Ukraine, which will... 

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... 

Ukraine has stopped pumping Russian gas to its underground storages as Ukraine does not accept the natural gas price of $485 per 1,000 cubic meters. Russia has recently eliminated a gas discount it had given Ukraine, arguing that it was tied to a lease for Russia’s Black Sea Fleet base in Crimea peninsula. Officials say they are ready to pay $268 while Russia pointed to $2.2 billion debt Ukraine... 

A video made by a man from North Dakota shows him cautiously holding a lighter up against the stream of water coming out of his tap, prompting large flames to rise up into the faucet. North Dakota has been home to a fracking boom over the past few years. “First time I did it, it was a huge fireball [that] took up the entire sink – so that’s why I’m a little jumpy doing it. I don’t... 

Polish MEP Jacek Saryusz-Wolski believes that the Cold War is ongoing between Russia and the EU that can take a long time. Both European officials and the Russian leadership have already stated that economic integration with the EU and membership in the Customs Union are incompatible. Ukraine and Moldova have about one month left for consideration. Armenia has already “surrendered,” according... 

A grim report issued by the Ministry of Foreign Affairs (MFA) on the just concluded Arctic Council meeting between Foreign Minister Sergey Lavrov and his American counterpart US Secretary of State John Kerry is warning today that President Putin has ordered Russian military forces to “immediately move” from Local War to Regional War operational status and to be “fully prepared” to expand to... 

Britain’s gas reserves are running out in 36 hours amid an unreasonable cold weather leaving the country on expensive foreign imports, local media reported. According to the British media reports the country’s gas storage has less than two days’ supplies left, with lower-than-usual temperatures force millions to turn up their heating. The shortfall could force the long-term price of gas higher,... 

This file photo shows technicians welding the Iranian end of the Iran-Pakistan (IP) gas pipeline to its Pakistani section during the inauguration ceremony of the final construction phase of the project, Monday, March 11, 2013. The US State Department has threatened Islamabad with sanctions if the country goes through with a joint multi-billion-dollar gas pipeline project with Iran. “We have serious... 

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... 

The US seeks to lift limitations on its LNG deliveries to Europe and strengthen competition in European energy markets. It’s to break the EU’s dependence on Russian gas, as “the Russians overplayed their hand”, says US Senator Richard G. Lugar. “In the past, Moscow showed itself quick to use energy as a club to punish and coerce its neighbors — but the Russians overplayed their hand,”...