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KYIV (Reuters) – Ukraine will quadruple gas transmission tariffs for domestic consumers from Jan. 1 to offset the impact of lost revenue following the year-end expiry of the gas transit agreement with Russia, officials said on Monday. Almost three years after the start of the war with Russia, Ukraine has refused to extend the deal …

Ukraine quadruples domestic gas transport fees to offset impact of Russian deal expiry Read More »

By Greta Rosen Fondahn (Reuters) – The pound stood its ground in thinned-out holiday trading session on Monday and looked set to end the year as the best performing major currency against the relentlessly firming dollar. Sterling was up 0.1% against the greenback at $1.2595. The pound has fallen 1% versus the greenback since the …

Sterling holds out against strong dollar Read More »

CHISINAU (Reuters) – Moldovan Prime Minister Dorin Recean ordered his government on Monday to start preparing for the possible nationalisation of gas company Moldovagaz, which is 50%-owned by Russia’s Gazprom. Gazprom has said it plans to suspend gas exports to Moldova from 0500 GMT on Jan. 1 due to unpaid debts. Speaking at a government …

Moldova prepares for possible Moldovagaz nationalisation Read More »

By Stephen Grey, John Shiffman and Grant Smith LONDON (Reuters) – Chemicals factories founded or owned by some of Russia’s wealthiest men are supplying ingredients to plants that manufacture explosives used by Moscow’s military during the war in Ukraine, an analysis of railway and financial data shows. Reuters identified five chemical companies, in which five …

Exclusive-The Russian billionaires whose chemical factories fuel Russia’s war machine Read More »

By Alexander Tanas CHISINAU (Reuters) – Authorities in Moldova’s separatist Transdniestria region on Sunday cut off gas supplies to several state institutions as a deal allowing Russian gas to transit through Ukraine comes to an end at the close of the year. The cutoff was imposed two days before the transit deal runs out, following …

Moldova’s separatist region cuts gas as Ukraine transit deal runs out Read More »

PRAGUE (Reuters) – Slovakia has rejected Ukraine President Volodymyr Zelenskiy’s accusation that Prime Minister Robert Fico had opened a “second energy front” against Kyiv on the orders of Russia as a gas transit dispute deepened between the countries. Foreign Minister Juraj Blanar said on Sunday Slovakia was closely monitoring communications from Ukraine regarding Fico’s statements …

Slovakia rejects Ukraine accusations of opening up second energy front Read More »

ZURICH (Reuters) – Swiss pharmaceutical company Roche is not planning job cuts and its business is healthy, CEO Thomas Schinecker was quoted as saying by a Swiss newspaper on Sunday. Roche’s share price has fallen far below peaks it scaled in April 2022 and the CEO was questioned about the company’s staffing plans in the …

Roche has no plans for job cuts and business is healthy, CEO says Read More »