The world is in the grip of a major energy crisis, with countries worldwide affected by extremely high and volatile prices, particularly of fossil fuels. This situation has acted as a crucible for recent trends in the energy market. Over the preceding two years, the energy market experienced extreme price volatility, such as during the…
Russian-Chinese Energy Cooperation and its Prospects
Cooperation between Russia and China in the field of energy and its development was discussed at the seminar "Prospects of Russian-Chinese energy cooperation". The event was organized by IMEMO RAS, the seminar was held on April 19, 2022 within the framework of the Global Energy Dialogue Forum. Speaking about the prospects of cooperation Alexander Lomanov,…
Shvabe & Global Energy Corporation Sign Cooperation Agreement
Shvabe Holding of the Rostec State Corporation and Global Energy Corporation signed a cooperation agreement during a meeting held at the Astana International Financial Center in the Republic of Kazakhstan. Follow New Defence Order. Strategy on Google News. According to the press service of ROSTEC, the agreement is aimed at developing international technological cooperation with the CIS…
The UK to Strengthen the Nuclear Industry
British Prime Minister Rishi Sunak announced the intentions of the country's authorities to direct efforts towards the development of the nuclear industry in both the civil and defense segments. The authorities also intend to allocate additional funds to ensure deterrence. Rishi Sunak believes that domestic nuclear capability is vital for the national defense and energy…
Sanctions for Domestic Use
Two years of intensified sanctions pressure on Russia have demonstrated their low effectiveness, according to Ivan Timofeev, the Director General of the Russian Council on International Affairs (RCIA). Despite the significant damage inflicted upon the Russian economy, the sanctions have failed to alter Russia's political course, serving instead as a means for Western politicians to…
Russia’s NNE fell by almost a quarter in 2023
Russia's non-primary non-energy exports (NNE) decreased by 23% in 2023, reaching $146.3 billion, according to data from the Ministry of Industry and Trade. In the previous 2022, this figure was $190.4 billion, and a year earlier — a record $194.2 billion. It is worth noting that data on specific commodity items have not been published…
Challenges and threats of the Munich Security Conference
Experts from the Munich Security Conference have prepared a regular report on the state of international relations. The 2024 report received the headline "Lose – Lose?" against the background of geopolitical tensions and economic uncertainty, which continue to increase and cause damage to many states. The introduction of the report says that the geopolitical and…
US administration requests $2.2 bln for the enriched uranium production
The White House has sent a request to the US Congress to allocate $ 6 billion to ensure "Protect American Security and Bolster Energy Independence," $2.2 billion of this amount is planned to be spent to "improve long-term, domestic enrichment capabilities for low-enriched uranium and high-assay low-enriched uranium." The press release says that the allocation…
Russia Suspended Fuel Export
The Russian government has taken radical measures to stabilize oil product prices. As of September 21, the export of commercial gasoline and diesel fuel from Russia has been temporarily suspended. Market participants expect that the embargo will not last longer than a month, though specific timelines are unclear. In the event of an extended embargo,…
Japan Begins Releasing Treated Radioactive Water at Fukushima
Japanese Tokyo Electric Power (TEPCO) announced the release into the ocean the first tranche of treated radioactive water from the Fukushima Daiichi nuclear power plant. The announcement says that water releasing is conducted in accordance with the plan, previously approved by the International Atomic Energy Agency (IAEA). According to the plan the treated water will…