Last month, Chinese exports recorded year-over-year growth of 19.3% following a 32.2% gain in June. The increase was expected to total 20.8%, according to analysts polled by Reuters. Meanwhile, imports rose by a more modest 28.1% from a year ago, falling short of a 33% increase forecast in the poll, …
Read More »America’s billion-dollar gas game: Nord Stream 2 threatens US energy exports to Europe. No wonder Washington wanted to block it
However, efforts to draw a line under the debate over the almost-finished energy link have clear-ly not pacified Ukraine’s foreign minister. Dmytro Kuleba was quick to reply to the news on Wednesday, saying in a joint statement with Poland’s foreign minister that the proposals put forward to alleviate the “security …
Read More »Russia doubles electricity exports as cold winter & hot summer ensure lucrative price environment
Russian sales of electricity in the first half of 2021 may amount to 10.2 billion kilowatt-hours (kWh) against 5.2 billion kWh sold in the same period a year ago. In pre-pandemic 2019, the country exported 9.3 billion kWh. The growth was mostly boosted by the surging supplies to the Baltic …
Read More »Luxury brand Moët reportedly halts exports to Russia after Putin signs law banning foreign fizz from using ‘champagne’ on label
Moscow business daily RBK published on Friday a letter from LVMH, the colossal Paris-based conglomerate that owns spirits brand Hennessy and winemaker Moët & Chandon, founded in the Champagne region of France in 1743. In the statement, the company warns Russian clients it will temporary suspend all deliveries of the …
Read More »Russia’s wheat exports surge over 7% during current agricultural season
According to data published by the Federal Customs Service, overall exports of grains totaled 46.8 million tons during the current season, which started in July 2020. The figure marks a year-on-year increase of 10.3%. Foreign sales of barley reportedly grew 38.4% to 6.1 million tons, while exports of corn amounted …
Read More »India’s exports & imports continue to boom in post-Covid economic recovery
According to preliminary data from the Commerce Ministry, imports soared as well, by 98% to $19.59 billion during the period. Exports surged 52% to $7.71 billion during the first week of this month, and by about 40% to $6.35 billion in the second week of June. Overall, during April-May, exports …
Read More »Exports of Russian crude to US soared to 12-year high despite ongoing political tensions
According to the latest data released by the US Energy Information Administration (EIA), the US’ daily imports of crude from Russia totaled nearly 23,000 million barrels, nearly doubling compared to the previous month. The surge in exports made Russia the country’s second biggest oil supplier after Canada, which shipped 139,869 …
Read More »Most Russian exports have now kicked reliance on US dollar as payment currency
A significant portion of the unprecedented drop in the use of US currency was recorded in trade with China, according to the data revealed by Russia’s central bank on Monday. More than three-quarters of the trade turnover between the countries are now transacted in the euro. The euro’s share in …
Read More »Russian gas exports to Europe surge 30% in 2021 as harsh winter forces foreign consumers to boost energy purchases
The impressive year-on-year surge, to nearly 53 billion cubic meters, is reportedly due to the cold (in European terms) winter season. In March, the shipments totaled 18.2 billion cubic meters, reaching an all-time high, the company said. Germany, the biggest importer of Russian gas, nearly tripled its purchases in the …
Read More »US government to place fresh sanctions on exports to Russia in response to alleged poisoning of opposition figure Alexey Navalny
In a statement posted on the department’s website, Russia was accused of “deploying illegal nerve agents against dissidents, both inside and outside its borders” in a “flagrant” violation of its commitments under the Chemical Weapons Convention. “The Department of Commerce is committed to preventing Russia from accessing sensitive US technologies …
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