Economy — Page 26

The US authorities are preparing to limit Russia’s ability to conduct cross-border operations with gold as much as possible. The soon-to-be-adopted bill provides for penalties even for foreigners who take part in gold transactions where Russia or its representatives act as counterparties. As a result, such transactions will not be able to be carried out, […]

December 9, 2022

Now the share of the Russian ruble will take 60%, the US dollar – 30%, the Chinese yuan – 10%. The board of the National Bank of Belarus decided to remove the euro from the basket of foreign currencies and replace it with the Russian ruble. This is stated on the website of the National […]

December 8, 2022

Uzbekistan is ready to sign commercial gas supply contracts with Russia, but has no intention of joining the gas union proposed by Moscow with Russia and Kazakhstan. This was stated by the Minister of Energy of Uzbekistan Zhurabek Mirzamakhmudov, Reuters reports. According to the minister, Uzbekistan ‘will never accept political conditions in exchange for gas.’ […]

December 8, 2022

On November 27, the state-owned energy trader JSC “Energy Company of Ukraine” in a test mode imported non-commercial volumes of electricity from Romania with a capacity of 1 MW for two hours (at 9:00 a.m. and 2:00 p.m.). The company acquired the right to import electricity at the auction of NEC “Ukrenergo” on November 24. […]

November 28, 2022

The American company HP spent more than two dozen million dollars to finally leave the Russian market. NVIDIA’s departure from Russia cost $16 million. HP spent $23 million on it. This became known after the manufacturer of computers, printers and other equipment published a report for the 2022 fiscal year, which ended on October 31. […]

November 26, 2022

Engineers are developing new models of UAVs, but sanctions, bureaucracy and security forces do not allow them to be used. Russian companies are trying to establish the production of drones and presented new models at the exhibition ‘Aeronet 2035’, which is held in Moscow. The publication ‘Expert’ revealed the problems due to which drones will […]

November 25, 2022

The war unleashed by Putin will hit the Russian population. Especially, the most vulnerable strata will feel the consequences. The costs of the Russian Federation in the 9 months of full-scale invasion and war against Ukraine amounted to about 82 billion dollars, which is equal to about a quarter of its annual budget. This is […]

November 25, 2022

The chairman of the board of the company, Volodymyr Kudrytskyi, said that the emergency electricity restrictions will continue until the nuclear power plants reach their normal capacity. The Ukrainian energy system is recovering after massive Russian strikes on November 23 and has already passed the most difficult period. After 1-2 days, consumers will be transferred […]

November 25, 2022

Oil prices edged lower on Thursday, hovering near two-month lows, as the G7’s proposed price cap on Russian crude was seen as higher than current market trading levels, easing supply concerns. Brent Crude futures were down 0.3% at $85.20 a barrel, while West Texas Intermediate (WTI) crude futures were down 16 cents at $77.78 a […]

November 24, 2022