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Economics News

A collection of 554 issues

The ban on Russian oil will hit global supplies, Bloomberg

December 5 will come into effect a ban on oil supplies from Russia by sea. "If the ban prevents exports, it will hit global supplies. If exports go in the other direction, the result could be a complex and costly reorganization of global cargo flows," the publication reports.

Alrosa may resume mining at the Mir pipe, the company says

Pre-project work has shown that resumption of mining at the Mir pipe is profitable. At the same time, Russian Finance Minister Siluanov instructed to study the issue of providing state support to the project. The final decision on the resumption of mining operations will be made by the end of

EU postpresidents may approve complete suspension of agreement on simplified visa regime with Russia on September 7 - Izvestia

Earlier, the EU was unable to accept an agreement on a complete ban. However, the EU agreed to end the simplified visa issuance to Russians. After approval it will take 3-6 months to get a visa. At the same time the cost of a visa will increase from 35 euros

Bank of China reduced the rate of required foreign exchange reserves by 2% to 6%, - NBK

Reducing reserves will allow money to be redirected to lending. The new loans will stimulate supply and demand. Earlier, the Bank of China announced "policy support" for companies. This is a big positive for Chinese companies. However, there are still geopolitical risks from the U.S., which could

The results for the first half of the year are very good, the dividends will be paid in record amounts, and the money and investment projects will be reliably secured, - Miller

"Gazprom has already produced 288 billion cubic meters of gas this year, 155 billion delivered to the Russian market and 82 billion to the far abroad," Miller "Increase in gas supplies to China was 60% in 8 months," - Miller. "Gazprom begins designing a gas

EU discusses the option of excluding Russians under 25 from visa restrictions - EUobserver

The EU is discussing "a lot of ideas" about the visa regime with Russia. New costs and administrative restrictions may affect only specific categories of Russians.

Digital assets - a safe alternative for payment of international transactions - Prime Minister Mishustin

Digital assets could help Russia bypass U.S. sanctions for cross-border payments. The Russian Federation could act like Iran, which is preparing a regulatory framework for cryptocurrencies to circumvent sanctions.

Lithuanian banks will pay for Kaliningrad transit even after September 1, - Minister of Transport of Lithuania

Earlier, Siauliu bankas announced that due to the extension of sanctions against Russia and Belarus, it would not conduct payment transactions from August 15. And from September 1, the bank will not make payments to or from Russia and Belarus in any currency.

Russian Post begins delivering medications to residents of small towns and villages at home - Interfax

The new service operates in 1,200 Russian Post offices, in 77 regions. "Only 14% of pharmacies are located in sparsely populated areas. "The Post can solve the problem of accessibility of medicines thanks to a wide network of branches," Vladimir Vinogradov, head of Russian Post'

Dissatisfaction with the head of the European Commission Ursula von der Leyen is growing in Brussels - Spiegel

"It takes decisions single-handedly and makes old mistakes. In particular, the oil embargo she initiated against Russia proved to be a bigger problem for the EU itself," the publication reported.