Mounting oil demand from some of the world’s biggest economies has helped Russia to export almost as much crude as it did before the conflict in Ukraine and subsequent Western sanctions, the Wall Street Journal reported on Monday. On top of this, rising global crude prices, which have currently settled …
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The Group of Seven (G7) leaders are holding “very constructive” talks about a potential cap on the price of Russian oil imports, Reuters reported ahead of the group’s summit on Sunday, citing a German government official. “We are on a good path to reach an agreement,” the official said. US …
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Russia is now getting more money from its fossil fuel trade than it did before the start of its military operation in Ukraine, which prompted some Western nations to target Moscow with a barrage of sanctions, US Senior Advisor for Global Energy Security Amos Hochstein told American senators on Thursday. …
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The United States is involved in “extremely active” discussions with European countries aimed at limiting the revenues Russia can generate from selling oil without interrupting supplies, US Treasury Secretary Janet Yellen said on Tuesday, according to Reuters. Yellen reportedly told the Senate Finance Committee that US officials were keen to …
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Russia’s oil export revenue has jumped some 50% since the beginning of 2022, Bloomberg reports, citing data from the International Energy Agency (IEA). According to the agency’s monthly market report, Moscow has earned some $20 billion each month this year from sales of crude oil and oil-related products. The earnings …
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US-based card company Visa will be able to restore the revenue it lost by pulling out of Russia amid Ukraine-related sanctions within a year, the company’s Chief Financial Officer Vasant Prabhu said this week, as cited by the Wall Street Journal. Visa, along with rival Mastercard, suspended ties with Russia …
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Statistics showed that the physical volume of gas exports during the reported period reached 123.8 billion cubic meters, marking a growth of almost 15%. In July, Gazprom exported $3.48 billion-worth of natural gas, a decrease of 2.1% on the previous month. According to data tracked by the customs service, the …
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The week-long furlough will save the city $860,000. In his announcement on Wednesday, the mayor said no pay cuts are planned at this time, but he admitted the city will be facing a “horrible budget situation” for years, and that it was heightened by the economic shutdown in March and …
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The network “Sinema Park” Alexander Mamut in 2019 paid the fine, OOO “PepsiCo holding” for non-performance on a sample of quarterly production volume at the supply contracts of beverages, goods and products in the cinemas. The costs of payment of a fine in the amount of 121,609 million rubles (about …
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Exports grew by 10% in relation to January 2019 and a third exceeded that of February 2018. Ukraine in February 2019 has received a record revenue from exports of fruits and nuts – $24.8 million, according to Analytics platform EastFruit. It is noted that exports grew by 10% in relation …
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