Tag Archives: trade:

European Commission President Ursula von der Leyen has urged India to drop its trade in oil and gas with Russia, insisting that such business is not “sustainable.” She spoke while in the South Asian country for a multinational conference. The fighting in Ukraine, which has not spilled over into any …

Russia should increase settlements in national currencies with partner countries, Denis Manturov, head of the Russian Ministry of Industry and Trade, said at the plenary session of the Innoprom international exhibition in Uzbekistan on Monday. He was addressing countries within the Eurasian Economic Union (EAEU), BRICS and the Shanghai Cooperation …

Prospects for the global economy have darkened since the outbreak of conflict in Ukraine, the World Trade Organization (WTO) said in a new report published on Tuesday. It has forecast that record-breaking prices for natural gas would hurt Europe the most. According to the report, the most immediate economic impact …

Weeks after snapping up discounted Russian crude, India is setting for a major increase in its purchases of coal from the sanctioned country. The world’s sixth biggest economy is focused on its energy security, disregarding attempts by the US and its allies to isolate Moscow. In March, India’s coal imports …

Ukraine has officially banned all imports from Russia due to Moscow’s military operation on its soil, Economy Minister Yulia Svyrydenko announced on Saturday. “Today we officially announce a complete termination of trade in goods with the aggressor state. From now on, no Russian Federation’s products will be able to be …

American lawmakers have passed legislation to end favorable trade relations with Russia and halt all oil imports from the country, with the Senate fully united in its vote and only a few stray representatives dissenting in the House. Senators voted 100-0 on Thursday to end permanent normal trade ties with …

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The World Trade Organization (WTO) has cut its global trade growth forecast for 2022 due to Russia’s military operation in Ukraine and its immediate consequences – sanctions on Russia. While previously set at 4.7%, the global growth forecast was nearly halved this week to 2.5% due to “the impact of …

Amid Western sanctions, Russia might stop selling and buying food from “unfriendly countries,” former Russian President Dmitry Medvedev has revealed. Medvedev, who is currently the deputy chair of the country’s Security Council, published a list of suggestions related to Russia’s food security and exports on Telegram on Friday. The post …

As part of their unprecedented economic sanctions against Russia, the US and its allies announced last week they were moving to block financial transactions with Russia’s Central Bank (CBR) that involve gold, aiming to further restrict the country’s ability to use its international reserves. RT talked to Sergey Kopylov, a …