Business News Asia
The Ukrainian Statistical Office reported that the consumer price index (CPI) increased by 26.6% in 2022, due to the Russian military invasion of Ukraine. The CPI was lower than the previously expected 30% increase, after rising 10% in 2021. In…
The Asia-Pacific region could face rising grain and meat prices after Russia announced it would no longer participate in Ukrainian grain exports under the U.N.-led Black Sea Grains Initiative. Last weekend, Russia indefinitely suspended participation in the grain export agreement…
Ukraine’s Central Bank said Thursday (Oct. 27) that the Ukrainian economy will shrink by nearly 32% this year and inflation will reach 30%, largely due to the damage caused by Russia’s invasion. According to the report, Ukraine’s gross domestic product…
Ukraine’s central bank leaves interest rates unchanged at 25% and signals holding until 2024 Ukraine’s central bank has decided to leave the interest rate unchanged. It has also signaled that the bank will keep interest rates at this level until…
The Executive Board of the International Monetary Fund (IMF) will consider Ukraine’s request for an emergency loan of $1.3 billion on Thursday as the war between Russia and Ukraine continues. IMF officials have prepared the necessary documents and believe that…
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…
In recent weeks, a number of measures have been taken to bring oil prices down again and counter rising inflation. The International Energy Agency (IEA) and its member states have agreed to once again release strategic oil reserves onto the…
The price of natural gas (Henry Hub) has risen to over $7, a price last recorded in 2008. Year on year, the price has already risen by over 92% and currently stands at $7,189. Russia, which is currently facing heavy…
According to German authorities, companies in Germany have been informed that gas supplies could be rationalized or even stopped altogether. This is due to the sanctions imposed by the EU against Russia because of the invasion of Russian troops in…
Russian President Vladimir Putin has instructed the Russian Central Bank to find a way to settle gas payments in rubles within a week. In addition, Russian gas giant Gazprom has been ordered to revise the supply contracts of gas customers.…
