Bloomberg Romania is moving ahead with a plan to unlock stalled natural gas projects in the Black Sea as Europe searches for new energy resources to cut reliance on Russia following its invasion of Ukraine. The country’s ruling coalition has reached an agreement on a long-delayed bill amending the country’s offshore law to boost investments and unlock stalled gas …

Bloomberg Germany was warned it could face a 220 billion-euro ($240 billion) hit to output over the next two years in the event of an immediate interruption in Russian energy supplies over the war in Ukraine. Economic institutes advising the government in Berlin said in a joint forecast that a full halt in Russian natural gas imports would result in …

  Bloomberg An amendment to European Union sanctions created a potential path for some aircraft financiers to sell jets held in Russia to the airlines now operating them without permission. The measure will allow EU governments to grant permission for entities in their states to keep receiving payments from Russian companies on so-called financial leases signed before February 26. Ownership …