https://knews.kathimerini.com.cy/en/news/europe-scrambles-for-natural-gas-solution-as-putin-squeezes-supply
The European Union is racing to find alternative suppliers of natural gas after Russia's Gazprom cut flows to two EU nations, sparking fears that others will soon follow....
https://knews.kathimerini.com.cy/en/news/discord-takes-hold-in-front-against-russian-oil
Nicosia has been defending its stance towards sanctions against Moscow on the basis of principles and European unity, but lack of consensus for the bloc to seek a collective ban on Russian oil supplies has made cracks in the united front appear larger...
https://knews.kathimerini.com.cy/en/news/‘immediate-solutions-test-cyprus-take-on-eastmed
A US energy official urged Nicosia to seek 'other options' if the island wanted to get energy quickly into markets, with Italy doing just that earlier this week when Rome clinched a deal with Algeria to replace Russian gas imports through the Transmed pipeline...
https://knews.kathimerini.com.cy/en/news/global-food-prices-rise-to-highest-ever-levels-in-march
Global food prices rose to their highest ever levels in March as a result of Russia’s invasion of Ukraine, the UN has reported....
https://knews.kathimerini.com.cy/en/news/eu-creates-platform-for-members-to-jointly-buy-non-russian-gas
The European Union has launched a platform for European Union countries to jointly buy gas and liquefied natural gas as they seek to cut reliance on Russian fuels and build a buffer against supply shocks....
https://knews.kathimerini.com.cy/en/news/lithuania-becomes-first-eu-country-to-cut-off-russian-gas
Lithuania became the first European Union country to end its dependence on Russian gas, according to its energy minister....
https://knews.kathimerini.com.cy/en/news/bucha-atrocities-bring-about-fresh-sanctions-and-deportations
Following the revelations about the atrocities against civilians that took place in Bucha and other areas near Kyiv, the EU is preparing fresh sanctions against Russia to "hit them where it hurts". ...
https://knews.kathimerini.com.cy/en/news/eastmed-in-position-to-cover-15-16-of-eu-s-annual-russian-gas-imports
The Eastern Mediterranean can provide Europe with 15-16% of its annual imports of natural gas from Russia, according to the former foreign minister of Cyprus, Nikos Christodoulides....
https://knews.kathimerini.com.cy/en/news/lagarde-cyprus-will-be-affected-by-inflation-and-rising-energy-costs
Cyprus will be affected by inflationary pressures and higher energy costs due to its dependence on oil imports for electricity generation, according to European Central Bank President Christine Lagarde....
https://knews.kathimerini.com.cy/en/news/op-ed-fertilizer-inflation-presages-a-global-food-supply-crisis
We know that the war in Ukraine has led to sharp increases in prices for both food and fuel. This in turn has sparked concern that we may see a repeat of the famine and food riots that took place in 22 countries in the years following the global financial crisis, caused by a perfect storm of rising commodities prices....
https://knews.kathimerini.com.cy/en/news/putin-wants-unfriendly-countries-to-pay-for-russian-gas-in-roubles
Russia will seek payment in roubles for gas sales from “unfriendly” countries, President Vladimir Putin said on Wednesday, sending European gas prices soaring on concerns the move would exacerbate the region’s energy crunch....
https://knews.kathimerini.com.cy/en/news/loss-of-1-5-to-2-of-cypriot-gdp-due-to-a-ban-on-russian-flights
Cyprus could lose 1.5% to 2% of its growth rate this year if the Cypriot airspace (under EU sanctions) to Russia remains closed for the whole of 2022, estimates the rating agency DBRS Morningstar, noting that despite the negative impact, the war in Ukraine will not derail the medium-term prospects of the Cypriot economy....
https://knews.kathimerini.com.cy/en/news/op-ed-a-new-impetus-for-gas-in-the-eastern-mediterranean
The war in Ukraine has upended Europe’s energy security. Continuing to rely on Russian energy is no longer tolerable, even if the relationship cannot be severed overnight....
https://knews.kathimerini.com.cy/en/news/versailles-summit-eu-to-boost-military-support-to-kyiv-mulling-new-sanctions
European Union leaders said on Friday they will continue applying pressure on Russia by devising a new set of sanctions to punish Moscow for its invasion of Ukraine while stepping up military support for Kyiv....
https://knews.kathimerini.com.cy/en/news/up-to-10-cents-more-for-oil-and-gas-from-today
An increase in the price of fuel is expected to begin today. The deputy director of the Consumer Protection Service, Antonis Ioannou, told Kathimerini...
https://knews.kathimerini.com.cy/en/news/russia-will-default-on-its-debts-imminently-fitch-ratings-agency-has-warned
Russia will default on its debts 'imminently', a leading credit rating agency has warned, as sanctions over Ukraine continue to pummel the country's economy....
https://knews.kathimerini.com.cy/en/news/us-to-ban-all-russian-oil-imports-reports-say
Joe Biden has decided to ban Russian oil imports to America in a dramatic ratcheting up of the economic squeeze on Vladimir Putin’s regime, according to reports from the US....
https://knews.kathimerini.com.cy/en/news/eu-plans-to-cut-russian-gas-imports-by-two-thirds-in-a-year
The European Union will outline a plan on Tuesday to cut Russian gas imports by two-thirds within a year as it seeks to reduce its dependency on the country’s fuel supplies after Moscow’s invasion of Ukraine.
...
https://knews.kathimerini.com.cy/en/news/zalensky-makes-impassioned-speech-to-eu-parliament-gets-standing-ovation
President Volodymyr Zelensky today told European leaders Ukrainians are ‘paying the ultimate price to defend freedom’....
https://knews.kathimerini.com.cy/en/news/in-historic-shift-germany-ramps-up-defense-spending-due-to-russia-s-ukraine-war
Chancellor Olaf Scholz on Sunday announced a major boost to German military spending in the latest of a series of dramatic moves reversing decades of Germany’s post-Cold War foreign policy in just a few days....
https://knews.kathimerini.com.cy/en/news/op-ed-complicated-relationships-amidst-a-crisis
The Ukrainian crisis and the diplomatic initiatives of recent days are shedding light on the complex alliances being tested and on the possible new outbreaks of tension....
https://knews.kathimerini.com.cy/en/news/cypriot-exports-to-the-uk-were-not-affected-despite-brexit
Despite the significant decrease in imports from the United Kingdom as a result of Brexit, Cypriot exports, mainly of dairy products, have remained at the same levels,...
https://knews.kathimerini.com.cy/en/news/turkey-s-inflation-hits-a-19-year-high-of-36
Turkey’s yearly inflation climbed at the fastest pace in 19 years, jumping to 36.08% in December, official data showed on Monday....
https://knews.kathimerini.com.cy/en/news/usa-increasing-number-of-children-being-admitted-to-hospitals-due-to-covid
The Omicron variant is still spreading in the US and New York health authorities are seeing an increase in the number of children being treated for Covid-19....
https://knews.kathimerini.com.cy/en/business/cargo-imports-into-dubai-airport-to-be-restricted-from-tuesday
Dubai will restrict imports of cargo into its international airport for six days from Tuesday to clear a backlog caused by “extraordinarily high” volumes of inbound shipments....
https://knews.kathimerini.com.cy/en/news/higher-costs-on-goods-are-here-to-stay
Market analysts do not see an improvement in the cost of goods in the next period and until the first half of 2022....
https://knews.kathimerini.com.cy/en/business/us-ambassador-toured-limassol-port-yesterday
US Ambassador to Cyprus Ms. Judith Garber visited Limassol port yesterday to tour the facilities of the Eurogate container terminal....
https://knews.kathimerini.com.cy/en/news/cyprus-records-deficit-of-€800-million-in-q2-due-to-covid-19-impact
Cyprus General Government posted a deficit of €800 million in the period of April – June 2020 compared to a surplus of €140 million in the respective period of last year, according to data released today by the Cyprus Statistical Service (Cystat)....
https://knews.kathimerini.com.cy/en/news/president-partial-lockdown-of-airports-schools-to-remain-closed-until-april-10
President Nicos Anastasiades addressed the nation on Friday night after the week saw cumulative confirmations of coronavirus cases across the divide....
https://knews.kathimerini.com.cy/en/news/food-products-imported-from-china-safe-for-consumers
Scientific evidence obtained so far from European bodies and the WHO show that food products imported from China do not pose a health risk to EU citizens and by extension Cypriot consumers....
