Tag Russia

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Russia Finds Buyers for Crude Oil

While the EU is busy with sanctions talks against Russian oil, Russia has already opened new distribution channels for its energy products. China is reportedly buying at a discount price of $29 per barrel below the price before the Ukraine…

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Russia’s Inflation at 20-Year High

The Russian Federal Statistics Service (Rosstat) reported that the consumer price index (CPI) rose 17.83% year-on-year in April, the highest level since January 2002. The rise in the consumer price index was boosted by the devaluation of the ruble and…

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India’s Imports from Russia Have More Than Tripled

The Indian local newspaper Financial Express reported that Indian imports from Russia have more than tripled since the beginning of the Ukraine crisis and now amount to $4.67 billion. India is caught between two fronts, on the one hand, Russian…

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Russia Shuts Down 700k Barrels Per Day in April

Russia, one of the world’s most important crude oil exporters, suffered a further setback in April. Asian customers, who can buy Russian crude oil cheaply, are currently benefiting from this. According to the International Energy Agency (IEA), Russia had to…

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Bank of Russia Reduces Interest Rates by 3%

At its meeting today, the Russian Central Bank cut interest rates by 3% to 14%. At the same time, it stated that the financial market had stabilized. “Because price and financial stability risks are no longer increasing. This creates conditions…

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Why the Fed Rate Hike May Not Stop Inflation

Federal Reserve (Fed) Chairman Jerome Powell reiterated the Fed’s position on interest rates in his speech at an IMF-sponsored seminar Thursday (April 21, 2022). The Fed sees inflation running away and wants to use its tools to stop it. “Getting inflation back…

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The Two Things Investors Should Keep an Eye On

These are certainly special times we are experiencing at the moment, from the virus pandemic, new all-time highs in the stock markets, commodity boom to the war in Ukraine. Investors are certainly thinking about how best to position themselves in…

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German Exports to Russia Slump in March

According to the German statistics office Destatis, German exports to Russia fell by 57.5% to 1.1 billion euros in March. This is due to the sanctions imposed on Russia and to companies boycotting Russia for fear of damaging their own…

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