2,000% surge in luxury car sales to ex-Soviet republic ‘not about Russia’ – UK auto lobby — RT Business News

2,000% surge in luxury car sales to ex-Soviet republic ‘not about Russia’ – UK auto lobby — RT Business News

Source link Azerbaijan is a flourishing market and is not re-exporting vehicles to the sanctioned country, a British motoring group has claimed An unprecedented surge in car exports from the UK to Azerbaijan is not related to Russia or sanctions evasion, the British Society of Motor Manufacturers and Traders (SMMT) has claimed, as cited by […]

ECB pressuring banks to leave Russia  — RT Business News

ECB pressuring banks to leave Russia  — RT Business News

Source link Doing business in the sanctioned country poses a reputational risk, the European Central Bank has warned The European Central Bank (ECB) has urged lenders to speed up their withdrawal from Russia due to increased risks of doing business in the sanctioned country, the Financial Times reported on Tuesday, citing top banking supervisor Claudia […]

German living standards in ‘unprecedented post-WW2 slump’ – report — RT Business News

German living standards in ‘unprecedented post-WW2 slump’ – report — RT Business News

Source link Skyrocketing energy prices sent real wages plummeting in 2022 more than in any year since 1950, new research has shown. Living standards in Germany saw the biggest downturn since World War II in 2022, according to the latest report released by the Forum for a New Economy on Monday. The decline is attributed […]

Revenues double at Russian McDonald’s replacement — RT Business News

Revenues double at Russian McDonald’s replacement — RT Business News

Source link Russian fast-food chain Vkusno i Tochka, which replaced McDonald’s after the US company left the country due to sanctions, more than doubled its revenues last year, according to an earnings report cited by Interfax. The fast-food chain saw revenues jump to 155.7 billion rubles ($1.68 billion) in 2023, which was 2.1 times higher […]

France backs push to curb grain imports from Ukraine – Politico — RT Business News

France backs push to curb grain imports from Ukraine – Politico — RT Business News

Source link Poland’s prime minister previously called for an end to preferential trade rules granted to Kiev due to the conflict with Moscow France has supported Poland’s call for further restrictions on imports of Ukrainian agricultural products, Politico reported on Monday, citing three EU diplomats. This comes as mass protests by Polish farmers continue across […]

Is the company’s innovation engine running out of steam? — RT Business News

Is the company’s innovation engine running out of steam? — RT Business News

Source link The company’s stock has slumped in recent months as it loses ground to its rivals in technology development Russian Market is a project by a financial blogger, Swiss journalist and political commentator based in Zurich. Follow him on X @runews Since my October 2023 warningApple’s stock price has defied the broader tech sector’s upward trend […]

Iran inks $13 billion worth of new oil deals — RT Business News

Iran inks $13 billion worth of new oil deals — RT Business News

Source link Contracts with domestic energy firms are aimed at boosting daily production in major fields of the sanctions-hit country Iran’s energy companies were granted their biggest contracts in the past decade on Sunday, as Tehran seeks to boost output at major oil fields, state media have reported. Deals worth $13 billion, aimed at developing […]

Ukraine won’t extend Russian gas transit deal – official    — RT Business News

Ukraine won’t extend Russian gas transit deal – official    — RT Business News

Source link Kiev has no plans to prolong the current contract with Russia on gas transit to the EU when it expires this year, Ukrainian Energy Minister German Galushchenko said on Sunday. Brokered by the EU, the current five-year deal was signed in 2019. Under the agreement, Russian energy giant Gazprom agreed to transit 65 […]

EU members oppose plan to arm Kiev with Russian money – Politico  — RT Business News

EU members oppose plan to arm Kiev with Russian money – Politico  — RT Business News

Source link Malta, Luxembourg, and Hungary have reportedly warned against directing the proceeds generated by the frozen assets to Ukraine’s military An EU plan to use the profits generated by Russia’s frozen central bank assets to buy weapons for Ukraine has faced resistance from Malta, Luxembourg, and Hungary, Politico reported on Thursday, citing an EU […]

Putin calls off nationalization of Danone Russia — RT Business News

Putin calls off nationalization of Danone Russia — RT Business News

Source link The shares of the French food company’s local business had previously been placed under temporary state control Russian President Vladimir Putin has signed a decree to remove French food giant Danone’s local business from a list of assets placed under temporary state management, according to a document published on the portal of legal […]

Oil industry will be swamped with work ‘for another 100 years’ – Putin — RT Business News

Oil industry will be swamped with work ‘for another 100 years’ – Putin — RT Business News

Source link Hydrocarbons production will remain relevant for a “very long time,” the Russian president has said The world will continue using oil and gas for a long time despite the focus on renewable energy, Russian President Vladimir Putin has said, adding that jobs in this sector have a secure future. He was speaking at […]

Russia’s response to asset seizure could trigger global financial collapse – Reuters  — RT Business News

Russia’s response to asset seizure could trigger global financial collapse – Reuters  — RT Business News

Source link Brussels needs and an “emergency mechanism” in case its plan to fund Kiev with Russia’s money backfires, according to an EU official While Brussels is searching for legal loopholes to send frozen Russian assets to Ukraine, it must keep some of the cash as a “safety buffer,” should its clearing house Euroclear get […]