NATO’s Stoltenberg Asks for 2% After Trump Tirade Over Defence Spending

NATO’s Stoltenberg Asks for 2% After Trump Tirade Over Defence Spending

In the wake of US President Donald J. Trump‘s housefire antics during a key meeting held at NATO’s headquarters in Brussels on July 11 where he lashed out at Germany for its domestic trade policies and admonished his Western allies for “living off the US’ protection” and demanded that each of the 28 other NATO members commit an enormous 4% of their GDP to defence spending, for an enormous raise to defense spending at NATO, the alliance’s Norweigian Secretary-General Jens Stoltenberg formally requested that all NATO members reach their agreed commitment of 2% of GDP as soon as possible.

Russia, Uzbekistan Review Gas Field Development

Russia, Uzbekistan Review Gas Field Development

Russian gas monopoly Gazprom and national holding company Uzbekneftegaz have discussed the bilateral cooperation between the companies, focusing on the joint development of the Shakhpakhty field in the former Soviet republic.

Russia’s Gazprom, PetroVietnam to Boost Hydrocarbon Exploration

Russia’s Gazprom, PetroVietnam to Boost Hydrocarbon Exploration

Russian gas monopoly Gazprom and Vietnam Oil and Gas Group (Petrovietnam or PVN) discussed a wide range of joint efforts, including geological exploration and hydrocarbon production in Vietnam, as well as the prospects of joint projects in gas-fired power generation, the use of gas as a vehicle fuel, and staff training, Gazprom said.

WTO Warns that Trade Barriers Weigh on Global Growth

WTO Warns that Trade Barriers Weigh on Global Growth

The World Trade Organization (WTO) is warning that trade restrictions initiated by G20 nations are weighing on the global economy, still struggling to recover from the financial crisis.

Nord Stream-2 Negotiates with Several Export Credit Agencies

Nord Stream-2 Negotiates with Several Export Credit Agencies

Nord Stream 2 AG, the project company that plans to construct a gas pipeline from Russia to Germany, is currently negotiating with several Export Credit Agencies to secure financing for the project, Nord Stream-2 spokesperson Jens Müller told New Europe on July 2.

Trump Threatens to Leave WTO After EU Warning on Car Tariffs

Trump Threatens to Leave WTO After EU Warning on Car Tariffs

US President Donald Trump has threatened the World Trade Organization on Monday evening that “we’ll be doing something” if the United States is not treated properly, just hours after the European Union said that US automotive tariffs would hurt its own vehicle industry and prompt retaliation.

EU Sets Global Scheme Rules on Aviation Emissions

EU Sets Global Scheme Rules on Aviation Emissions

The European Commission on June 28 welcomed the International Civil Aviation Organization Council’s(ICAO) decision a day earlier to endorse the key rules of a Carbon Offsetting and Reduction Scheme for International Aviation that will tackle CO2 emissions in the international aviation sector.

Kazakhstan Faces Oil Production Concerns

Kazakhstan Faces Oil Production Concerns

Kazakhstan currently produces 1.8 million barrels of oil per day and does not plan to reduce its production in spite of its obligations to the Organization of Petroleum Exporting Countries (OPEC).