Bloomberg The US and Germany want to conclude a deal by August to blunt Moscow’s geopolitical gains once the controversial Nord Stream 2 gas pipeline is finished, with the two sides exploring ways to shore up Ukraine’s energy sector and deter Russian aggression through the threat of sanctions. The agreement, which some officials hope to have ready for Chancellor Angela ...

Bloomberg Royal Dutch Shell Plc said it plans to buy BP Plc’s stake in a North Sea field they share, superseding a deal agreed by the British oil major last month. “Shell UK Ltd has agreed to purchase BP’s interest in the Shearwater gas hub,” a spokesperson for the Anglo-Dutch company said, without disclosing terms. “The move reflects Shell’s strategy ...

In the wake of the meeting between Joe Biden and Vladimir Putin last week, British Defence Secretary Ben Wallace mooted the possibility of a summit between Boris Johnson and Putin — provided the Russian president ceases “malign activity.” France and Germany were hoping to resume Russia-EU summitry to reset relations with the bloc. The confrontation off the coast of Crimea ...