With exports worth US$1.3 billion in April, Russia is now India’s fourth largest oil supplier. Other major imports this month included coal, soybean and sunflower oils, fertilizers and non-industrial diamonds. The balance of Indian imports from sanctions-hit Russia rose 3.5-fold to $2.3 billion in a year in April on the back of rising crude oil […]
Viktor Orbán says an embargo on Russian gas to Europe would destroy the EU economy. He called for the focus to be on a peaceful solution to the conflict in Ukraine and not on sanctions, which would have no effect on Russia. Imposing an embargo on Russian gas imports would ruin the European economy. Hungarian […]
China has increased its imports of Russian oil, gas and coking coal by 75 percent. At the same time, Beijing is negotiating with Russia to increase its strategic oil reserves. This is evident from the Chinese customs data. China’s energy imports from Russia have continued to rise, reaching over $6 billion in April. This is […]
Apr 21, 2022 12:09 p.m As Russia’s military operation in Ukraine continues, Foreign Minister Baerbock has announced that Germany will halt all Russian oil imports by the end of the year. The situation is different for gas imports. Germany will completely halt its oil imports from Russia by the end of this year, German Foreign […]
Apr 21, 2022 6:15 am Indian economy is showing increasing interest in Russian energy resources. According to reports, Indian companies want to import more oil and coal from Russia. However, the situation is complicated by the lack of a clear payment mechanism. According to media reports, Indian importers are planning to buy more Russian crude […]
Apr 11, 2022 6:15 am A survey of 1,200 companies by the Federal Association of Medium-Sized Businesses shows that a large proportion are not willing to provide financial support for a possible energy embargo against Russia. Many are already on the edge of their economic breaking point. The Federal Association of Medium-Sized Businesses sees many […]
9 Apr 2022 8:12 am After the West excluded Russia from the SWIFT system, several Chinese companies stopped buying from the country. Now payments for Russian oil and coal exports are said to have been switched to yuan and resumed. As the Bloomberg news agency reports, oil and coal deliveries from Russia to China are […]
8 Apr 2022 10:17 pm If Germany stopped receiving Russian gas supplies, the consequences would be much more serious than the pandemic. The industrial basis of Germany as a business location would disappear, warns Stefan Hartung, a production engineer with a doctorate and who is Bosch boss. Immense pressure is currently being exerted on Berlin […]
26 Feb 2022 12:45 p.m Biden’s deputy national security adviser for international business, Daleep Singh, said Thursday the US would do nothing to cut off the flow of energy to the economy. This probably applies to the US economy in particular. A press conference was held at the White House in Washington on Thursday. Deputy […]