The seizure of Venezuelan oil resources by the U.S. signals a broader shift towards a ‘smash-and-grab’ diplomacy in a world of resource scarcity, that is likely to accelerate similar behaviour by other
New LNG project approvals surged in 2025, adding to the coming wave of natural gas supply. About 300 bln cubic metres (bcm) of new annual LNG export capacity is scheduled to start
By Giovanni Staunovo Back in November 2023, eight OPEC+ member states announced additional voluntary production cuts of 2.2mbpd for 1Q24. As expected, the eight OPEC+ member states announced on Sunday that those
Cyprus President Nikos Christodoulides said he was “appalled and deeply saddened” by the death of anti-Putin activist Alexei Navalny in a Russian prison. In a post on social media on Saturday, the
Authorities knew Cypriot firms were facilitating significant asset transfers for sanctioned Russian oligarchs months before the damning ‘Cyprus Confidential’ leaks. Government agencies were reportedly aware for eight months about the potential sanctions
Cyprus must face up to sins of the past and serve out punishment for financial fixers and high-ranking politicians implicated in money laundering and sanction busting if it wants to thrive as
By Craig Erlam We saw a more muted session in financial markets on Thursday following a couple of days in which investors have been very encouraged by the economic data. Inflation figures
Cyprus vowed to investigate new allegations by a group of international journalists that it was a hub for laundering money, enabling Russian oligarchs to bypass sanctions. According to an investigation by the
Nicosia is giving zero tolerance to Cypriot sanction busters tarnishing the island’s international reputation as a credible financial hub, said government spokesperson Konstantinos Letymbiotis. His statement followed a high-level briefing at the
During the past three decades, Armenia struggled to convince the world that the ethnic enclave of Nagorno-Karabagh was an integral part of the Armenian nation, connected to the motherland with a fragile
