Russian Deputy Foreign Minister Andrei Rudenko said on Wednesday that Russia is ready to provide a humanitarian corridor for ships carrying foodstuffs to leave Ukraine, in exchange for the lifting of some sanctions, Interfax news agency quoted Russian Deputy Foreign Minister Andrei Rudenko as saying Wednesday. Ukraine’s Black Sea ports …
Read More »The Russian ruble continues to rise against the dollar and the euro
The Russian currency, the ruble, continued its rise against the American and European currencies, as it rose today, Monday, by about 3%, and the dollar was trading below the level of 59 rubles and the euro below the level of 62 rubles. The Moscow Stock Exchange said – in a …
Read More »Moscow: Possible tariffs on Russian oil will force buyers to pay more
A US proposal to impose tariffs on Russian oil means buyers will have to pay more or look for alternative suppliers, Kremlin spokesman Dmitry Peskov said on Wednesday, May 18. And US Treasury Secretary Janet Yellen said on Tuesday, May 17, that the European Union could combine imposing tariffs on …
Read More »Market Drivers – US Session – Thursday 12 May
The US dollar index surged on the back of prevalent risk aversion. Panic selloff hit US equities and a broad crash impacted most cryptocurrencies, meanwhile massive quantitative tightening signals attracted the attention of traders, investors and market participants. Monetary policymakers recurrently hint at measures set to trench liquidity.Economic Data There …
Read More »Oil Exhibits Mixed Performance Amid Tight Supplies
On Thursday, crude oil prices exhibited mixed performance as supply fears as well as geopolitical tensions in Europe got the upper hand over the economic data related fears across financial markets as inflation is soaring globally.Trading has been thin and nobody knows what’s going to move the needle,” said John …
Read More »Natural Gas Soars In Europe After Russian Measures
Russian sanctions on Poland’s key pipeline are expected to limit Europe’s ability to import Russian natural gas if Ukrainian pipes go down. The Russian measures are also expected to put additional pressure on US natural gas producers as Russia is intended to cut Off Supplies to Europe.As Europe races to …
Read More »Slovakia will request an exemption from any EU embargo on Russian oil
Slovakia will seek an exemption from any Russian oil embargo agreed by the European Union as part of its next set of sanctions against Moscow over its invasion of Ukraine, the Slovak Economy Ministry said on Tuesday. “If there is an agreement to ban Russian oil as part of another …
Read More »WTI trades around $107.00s amid energy trade tensions
WTI crude oil hit fresh weekly highs in the $107.00s on Friday and is eyeing last week’s highs above $109.00. tensions over Russia’s gas supplies to EU and the growing risk of an EU embargo on Russian oil imports has supported prices this week.China demand concerns as the country continues …
Read More »Russia’s Gazprom continues to export gas to Europe via Ukraine
Russian gas pipeline operator Gazprom continued to supply Europe with natural gas through Ukraine on Thursday, according to European consumer demands, data from a Ukrainian gas pipeline operator showed. The data indicated that requests amounted to 63.4 million cubic meters on April 28.
Read More »Putin: Western plans to suffocate Russia’s economy with sanctions have failed
Russian President Vladimir Putin on Wednesday said that Western plans to suffocate Russia’s economy with sanctions have failed, reported Reuters. Putin accused the West of wanting to cut Russia up into different pieces and accused the West of pushing Ukraine into a conflict with Russia. Putin reiterated that Russia will …
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