Forecasts of tighter LNG supplies along with volatile prices for the next few years are keeping buyers on edge and are impeding the push towards alternative energy sources. As a result of these factors, energy security has become a top… Read More ›
Western sanctions
Australian gas seller Weston Energy collapses following soaring gas prices
On Tuesday, Weston Energy, a gas seller which supplied 7% of the eastern Australian market, has collapsed following soaring LNG prices, marking the first significant casualty in the country from the global gas crisis following Western sanctions on Russia after… Read More ›
Japan witnessing accelerated price rise
According to Japanese government data, core consumer prices in Japan have shot up by 1.9% in April compared from a year earlier. Core consumer prices are a leading indicator of Japanese price trends. The increase in core consumer prices, fuelled… Read More ›
Sanctions need to safeguard EU’s economic interest
With Western countries rolling out new sanctions against Russia midst the roll out of horrifying images of war crimes in the Ukrainian city of Bucha, it has become clear that their easiest sanction options have now been exhausted; there are… Read More ›
Sanctioned Russian bank VTB makes bond coupon payment in Rubles
In a statement the National Settlement Depository said, Russian lender VTB has made coupon payments in roubles to holders of its domestic subordinated bonds denominated in dollars and euros. Russia’s ability to continue to service its debt in foreign currencies despite… Read More ›
Economic sanctions on Russia will dilute USD dominance in global trade: IMF
In a significant development, Gita Gopinath, the IMF’s First Deputy Managing Director, said, Western sanctions against Russia threaten to gradually dilute the dominance of the U.S. dollar and is likely to result in a fragmented international monetary system. “The dollar… Read More ›
Russia averts sovereign bond default
As per a source familiar with the situation at hand, Russia has made payments towards sovereign bonds which were due this week, which was received by JPMorgan which processed it and made an onwards credit to Citi. With this Moscow has… Read More ›
Financial institutions ordered to halt all transactions with Russian entities: Financial regulators of Bahamas
In a statement financial regulators of Bahamas said, financial institutions in the country have been ordered to halt all transactions with Russian entities which have been targeted under Western sanctions. While the Bahamas has vocally condemned Russia’s invasion of Ukraine,… Read More ›
US gasoline prices continue to rise, Russia China trade continues to grow despite sanctions
In a statement auromobile club AAA said, U.S. gasoline prices at pump stations have soared by 11% in the last week touching their highest levels since July 2008. Global sanctions on Russia has blocked Russia’s ability to export crude oil… Read More ›
Russian ruble races past 112 to the dollar
On Wednesday, the Russian rouble weakened further and slipped past 100 to the dollar, heading to record lows. Stock market in Russia continue to be closed. The Russian economy has come under the full weight of Western sanctions following the… Read More ›
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