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 ...

America is following an “arsenal of democracy” strategy in Ukraine: It has avoided direct intervention against Russian invaders, while working with allies and partners to provide the Kyiv government with money and guns. That strategy, reminiscent of US support for Britain in 1940-41, has worked wonders. Yet as the war reaches a critical stage, with the Russians preparing to consolidate ...