Russia – Page 4 – NATURALDEPOSIT

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Russian Central Bank Extends Restrictions on Foreign Money Transfers for Six More Months

In a recent announcement on September 29th, the Russian Central Bank declared that it would be extending its restrictions on money transfers to foreign countries for an additional six months. These measures, which were originally implemented to safeguard the country’s financial stability, will continue to impact both Russian citizens and non-residents of the nation, specifically […]

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Russia Temporarily Suspends Global Oil Exports to Ensure Domestic Fuel Market Stability

News

In a bid to maintain stability within its domestic fuel market, the Russian Energy Ministry has issued a statement announcing a temporary suspension of gasoline and diesel exports to all countries worldwide, effective immediately. This significant decision is a response to the growing challenges faced by Russia, where numerous regions have grappled with shortages of

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US Sets Fertilizer Import Record from Russia in 2023’s First Seven Months

News

A report from Russia’s RIA Novosti news agency has revealed that the United States has imported a record-breaking $944 million worth of fertilizer from Russia between January and July of 2023. The data underscores a 5% increase in the value of Russian fertilizer exports to the US during this seven-month period compared to the previous

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World Wheat Prices Plunge as Russia’s Bumper Harvest Alters Global Dynamics

News

In a significant turn of events, world wheat prices have experienced a sharp decline following Russia’s robust wheat harvest for the second consecutive year. This agricultural achievement has not only solidified Russia’s position as the world’s leading wheat exporter but has also triggered a notable drop in wheat prices, partially reversing the price surges prompted

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Indian Oil Company Advocates for Russia’s Oil Imports as Beneficial for Global Economy

News

ONGC, India’s premier oil and natural gas company, has voiced its stance on the importance of India’s oil imports from Russia, asserting that they contribute positively to the global economy. Speaking during the annual Asia Pacific Oil and Energy Industry Conference (APPEC), organized by S&P Global Insights in Singapore, Mr. K.C. Ramesh, Executive Director of

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India Seeks to Diversify Oil Sources, Eyes Middle East for Attractive Deals

News

India is actively pursuing a strategy to reduce its reliance on Russian crude oil, pivoting back to its traditional Middle Eastern trading partners who are offering more competitive pricing. This shift in energy procurement is driven by changing market dynamics and India’s desire to secure cost-effective oil supplies. Indian Oil Minister Hardeep Puri announced that

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EU’s Robust LNG Imports from Russia Defy Energy Diversification Goals

News

A comprehensive industry analysis report published by Global Witness, a prominent global natural resources non-governmental organization (NGO), has revealed a paradox in the European Union’s (EU) energy dynamics. Despite ambitious aspirations to curtail its reliance on Russian fossil fuels by 2027, the EU has substantially escalated its imports of liquefied natural gas (LNG) from Russia,

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India Reduces Oil Imports from Russia and Saudi Arabia in Response to High Prices

News

Recent reports based on tanker data have revealed a significant shift in India’s oil import patterns during July. The country’s crude oil imports from Russia saw a decline, and oil imports from Saudi Arabia experienced their lowest levels in two and a half years. This trend is attributed to various factors, including decisions made by

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Russian Ruble Surges Ahead of Urgent Central Bank Meeting on Monetary Policy Elevation

News

The Russian ruble has experienced a notable surge on August 15th, fueled by investor expectations of an imminent interest rate hike by the Russian Central Bank during its urgent policy meeting. This rise comes on the heels of the ruble’s recent slip past the threshold of 100 rubles per US dollar, prompting calls for heightened

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anonymous person making world map with cereals and coffee beans

World Grain Prices Decline Following Russia’s Withdrawal from Export Agreement

News

Worldwide wheat, corn, and soybean prices experienced a decline despite Russia’s decision to withdraw from the agreement regarding grain exports from Ukraine via the Black Sea route. On the CBOT commodities exchange, wheat witnessed a drop of over 2 percent, while corn shed over 1 percent, and soybeans also experienced a decrease in price. The

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