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Economy

“Ukraine Must Cede Territory in Any Peace Deal, Rubio Says”

March 11, 2025

“…Secretary of State Marco Rubio said on Monday that Ukraine would have to make concessions over land that Russia had taken since 2014 as part of any agreement to end the war… The Trump administration halted military aid to Ukraine…… Continue Reading…

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Cryptocurrencies, Economy

“Russia approves law allowing use of crypto for global payments as it faces ongoing sanctions”

July 31, 2024

“The lower house of Russia’s parliament on Tuesday approved a law that permits making international payments via cryptocurrencies, local media reported. Russia’s central bank is itself looking to move money across borders using crypto before the end of 2024, Governor… Continue Reading…

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Banking, Economy

“Russia’s Central Bank hikes interest rate as inflation soars”

July 29, 2024

“…The bank raised the rate by 200 basis points to 18.00%, noting that inflation has accelerated and is developing “significantly above” its forecast. It noted that inflationary risks have been driven by high inflation expectations and changing trade terms as… Continue Reading…

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Business, Economy

“Saudis Warned G-7 Over Russia Seizures With Debt Sale Threat”

July 12, 2024

“Saudi Arabia privately hinted earlier this year it might sell some European debt holdings if the Group of Seven decided to seize almost $300 billion of Russia’s frozen assets, people familiar with the matter said… In May and June, the… Continue Reading…

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Banking, Economy

“Russia hikes key rate to 15% in bigger-than-expected rise”

October 27, 2023

“Russia’s central bank raised its key interest rate by a higher than expected 200 basis points to 15% on Friday, hiking borrowing costs for the fourth meeting running in response to a weak rouble and stubborn inflation pressure. The central… Continue Reading…

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Economy

“Wheat prices soar for a third day as Russia-Ukraine tensions stoke fears of major food crisis”

July 20, 2023

“Wheat prices rose on Thursday after Russia threatened to treat ships heading for Ukrainian ports as military cargo carriers, deepening fears of a global food security crisis. It marks the third consecutive day of price rises. The most actively traded… Continue Reading…

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Economy, Energy

“Russian gas will eventually return to Europe as nations ‘forgive and forget,’ Qatari energy minister says”

January 16, 2023

“…“The Europeans today are saying there’s no way we’re going back” to buying Russian gas, Saad Sherida al-Kaabi, energy minister and head of state gas company QatarEnergy, said at the Atlantic Council Energy Forum in Abu Dhabi. “We’re all blessed… Continue Reading…

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Economy

“Euro slides below 99 cents after Russia halts gas supplies to Europe”

September 5, 2022

“LONDON — The euro fell below 99 cents for the first time in 20 years Monday, after Russia said it would shut off its main gas supply pipeline to Europe indefinitely… On Friday, Russian energy supplier Gazprom said it would not resume its supply… Continue Reading…

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Economy, Energy

“Russia Stops Oil Flowing Through Pipeline to Central, Eastern Europe”

August 11, 2022

“Russian oil has stopped flowing through a pipeline that supplies Slovakia, Hungary and the Czech Republic, blaming payment difficulties caused by Western sanctions on Moscow…” https://finance.yahoo.com/m/3a733df9-a22f-3501-bfe7-751ec3180242/russia-stops-oil-flowing.html This means the cost of oil is going up. The cost of energy is… Continue Reading…

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Economy

“Russia and Ukraine Finally Reach A Grain Export Agreement”

July 28, 2022

“EDITOR’S NOTE: Perhaps there was some hope that global grain prices would ease as soon as Russia and Ukraine reached a grain export agreement, allowing the latter to resume its exports. If anything, it would have helped ameliorate the global… Continue Reading…

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