According to multiple media reports, according to officials involved in the negotiations, the Group of Seven (G7) and the European Union will prohibit the restart of pipeline natural gas transmission from Russia.
According to multiple media reports, according to officials involved in the negotiations, the Group of Seven (G7) and the European Union will prohibit the restart of pipeline natural gas transmission from Russia.
According to the draft G7 statement seen by the media, the group's major economies will further reduce the use of Russian energy, including preventing the restart of some Russian energy pipelines until "the (Russia-Ukraine) conflict is resolved."
The decision, which will be finalised at next week's G7 summit, is aimed at suppressing Russia's energy revenues, the report said.
More popular news:
'Bond King' Jeffrey Gundlach Says Sharp Fed Rate Cuts By Year-End Will Push Up Gold Prices
Rio Tinto Warns of Risks for Paying High Premiums for Lithium Mines after Plunging Lithium Prices Triggered Acquisition Rush
Citigroup Warns European Commercial Real Estate Values Will Plummet 40%, But Sees Medium-Term Opportunity
IMF: US Debt Defaults Will Take a Heavy Toll on Global Economy, Global GDP Growth Can Plunge
Goldman Sachs Warns of Serious Risks US Dollar Will Lose Reserve Currency Status on Debt Ceiling Standoff
Goldman Sachs Sees European Gas Prices Tripling, Gives Price Forecast in H2 2023
BofA Sharply Lowers Forecast for Oil Price, Global Oil Consumption in 2023
UBS Raises China GDP Growth Forecast, Sees Earnings from China Stock Market Soaring, RMB Appreciating
Global Aluminium Inventory to Plunge Further amid Supply Headwinds, LME Aluminium Prices to React Fast
Takeaways of Warren Buffett and Berkshire Hathaway’s 2023 Annual Meeting
High Lithium Ore Prices in Australia will Drive Lithium Prices Rebound, Reasons Prevent Output to Grow
Sharp Output Cuts Led to Lithium Ore Shortages, High Import Prices Drove Lithium Salt Producers to Shut Down
US Treasury Bill Rates Soar to Record High on Debt Ceiling Jitters
Russia is Accelerating Technology to Become Top Liquefied Natural Gas Supplier by Tripling Exports By 2030
No Other Country can Replace China's Manufacturing Industry Including India
Global Manufacturing PMI in April Points to Greater Downward Pressure on Global Economy
SMM Daily Comments (May 5): LME Base Metals Rose across the Board, SHFE Nickel Plunged
SMM Daily Comments (May 9): Most LME Base Metals Closed Lower, SHFE Nickel Prices Plunge, Ferrous Metals Mostly Rose
SMM Daily Comments (May 12): SHFE Base Metals and Silver Prices Crashed, Most LME Base Metals Prices Went Down, Oil Posted 3-Day Losing Streak
A Bull Gold Market Has Just Begun
Fitch Ratings Raises Saudi Arabia IDR, Says World Bank Reason and High Dependence on Oil Remain a Weakness for the Country's Rating
Copper Shortage Is Irreparable Even after Biggest Mergers and Acquisitions, Here’s Why
Buffett Talks about Banking Crisis and Bank Stocks He Bought, Munger Warned Commercial Real Estate: the City Will Be Seriously Hollowed Out
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.