According to a document of the European Central Bank, the ECB is prepared to organise a programme allowing millions of Ukrainian immigrants to exchange their hryvnia money for euros if the EU provides the bank with a guarantee that would… Read More ›
In response to Russia’s invasion of Ukraine, Japan’s Ministry of Finance (MOF) announced on Tuesday that it will prohibit the shipping of precious metals, particularly gold, to Russia starting in April. The restriction on Russia-bound precious metals by Japan underscores… Read More ›
In a statement Germany’s German economy and climate protection minister Robert Habeck said, energy ministers from the Group of Seven industrialized countries have rejected demands by Russian President Vladimir Putin to pay for Russian gas in Rubles. “All G7 ministers… Read More ›
Since March, when Russia’s invasion of Ukraine began, there has been a “substantial increase” in Russian oil deliveries to India, according to industry observers, and New Delhi seems prepared to acquire much more cheap oil from Moscow. According to them,… Read More ›
In a statement Vitesco‘s Chief Executive Andreas Wolf said, the company had received a $2.20 billion (2 billion euros) order to produce a component for electric vehicles (EVs). Wolf did not name the client. Last year the company had forecast… Read More ›
According to data revealed recently, Russians have hurried to stock up on antidepressants, sleeping pills, and contraceptives, among other things, since the conflict in Ukraine began, with many purchasing a month’s worth of medicine in just two weeks. Although official… Read More ›
An industry association warned on Friday that Russia is looking to China, India, Iran, and Turkey to fill the void left by the exit of western retail corporations, as Moscow struggles to find methods to counteract its growing isolation in… Read More ›
The United States and the European Union have struck a big agreement on liquefied natural gas in an effort to reduce Europe’s reliance on Russian energy. The agreement calls for the US to supply the EU with additional gas by… Read More ›
In the United States, fewer people applied for unemployment benefits last week than at any other period since 1969. According to the Labor Department, only 187,000 people filed for jobless benefits. This was a decrease of approximately 28,000 from the… Read More ›
In a significant development, the European Union and the United States have signed a deal, which sees Washington supplying liquefied natural gas (LNG) to Europe. Russia’s invasion of Ukraine has pushed already high LNG prices to record high and has… Read More ›
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