Source link Hungary can increase imports through the TurkStream pipeline, Peter Szijjarto has said Hungary no longer needs Ukrainian infrastructure for the supply of Russian natural gas thanks to the TurkStream pipeline, Foreign Minister Peter Szijjarto said on Monday. Budapest is among several EU members that continue to greatly rely on Russian gas deliveries, despite […]
Source link Kiev has also halted electricity exports after a series of attacks on its energy system Ukrainian electricity imports have risen almost threefold, according to the Energy Ministry in Kiev, which also said the country has ceased almost all exports of electrical power following Russian strikes on infrastructure. Ukrainian Energy Minister German Galushchenko previously […]
Source link US lawmakers passed a $1.2 trillion spending bill on Saturday, in a long-overdue action six months into the budget year that has narrowly averted a partial government shutdown. The Senate approved the measure that will keep the US government funded by a 74-24 vote. The bill has been sent to US President Joe […]
Source link Around 6.2 million barrels of the fuel has been accumulating in floating storage, according to the outlet The volume of Russian diesel in floating storage at sea hit the highest levels since at least 2017 this month, Bloomberg reported on Friday, citing data from energy analytics firm Kpler. In the ten days to […]
Source link Japan’s holdings of Treasuries hit a new high since August 2022, Treasury data shows Japan’s holdings of US Treasuries have continued to grow, exceeding $1.15 trillion in January, according to data released by the US Treasury this week. Tokyo has been the largest overseas holder of US debt since June 2019. The report […]
Source link New import duties on Russian agriculture would only further disrupt the global food supply, Moscow has warned A European Union plan to impose tariffs on grain imports from Russia and Belarus is an example of “unfair competition,” Kremlin spokesperson Dmitry Peskov said on Friday. The proposal was unveiled earlier in the day by […]
Source link The struggling German economy will likely end the first quarter of the year in recession, and is not expected to recover for the rest of 2024, the central bank warned in a monthly report published on Monday. According to the forecastthe short-term outlook for German industry is “rather gloomy” due to lingering weakness […]
Source link The move has “stunned” economists who expected the central bank to keep rates unchanged The Turkish central bank raised its benchmark interest rate by 500 basis points to 50% on Thursday, citing the need to tame skyrocketing inflation. The hike came as a surprise, as most economists expected the central bank to keep […]
Source link The bloc will continue to look at options for using proceeds from frozen assets, leaders have said in a summit declaration The EU will continue to “explore options” for the seizure of revenues generated by frozen Russian assets to fund Ukraine, bloc leaders said after a summit in Brussels on Thursday. The West […]
Source link The would-be fashionista reportedly tried to illegally bring 30kg of footwear by the luxury brand into Russia A woman in Russia has been slapped with a fine for attempting to illegally import shoes by French luxury brand Christian Dior to the country, claiming they were gifts, the Ural Mash telegram channel reported on […]
Source link A nearly 7% decline has been recorded since the beginning of the year in annual terms, customs data shows Russian imports have slowed in the first 2.5 months of the year, decreasing by 6-7% when compared to the same period of 2023, the Federal Customs Service (FCS) has revealed. According to Ruslan Davydov, […]
Source link The US, India, and Brazil accounted for 60% of Moscow’s entire exports of the product in 2023, according to RIA Novosti The US was among the three biggest importers of Russian fertilizers in 2023, RIA Novosti reported on Thursday, citing data from the UN Comtrade platform and trade statistics. Despite being at the […]
Source link The arrangement is designed to protect Turkish firms against facing secondary penalties for working with Russia, Hürriyet reports The US and Türkiye have reportedly agreed on a plan allowing Turkish firms to trade with Russian partners while complying with sanctions against the country, Hürriyet reported on Tuesday. According to the outlet, Washington “immediately” […]
Source link The divestment is reportedly expected to boost the balance sheet of the crisis-hit aerospace multinational Boeing might sell at least two of its defense unit businesses to improve its finances amid mounting safety concerns, Bloomberg reported on Tuesday, citing unnamed sources familiar with the discussions. The world’s second largest aircraft manufacturer by market […]
Source link The European Parliament has extended the suspension of all tariffs and quotas on Ukrainian agricultural food imports to the EU until June 2025, it announced on Wednesday. The decision is in line with a European Commission proposal in January to remove tariffs on Ukrainian farm produce until June 2025 with an “emergency brake” […]