The Russian oil embargo may be part of the The European Commission, the European Union’s executive arm, is preparing proposals for an EU embargo on Russian oil, the foreign ministers of Ireland, Lithuania and the Netherlands said on Monday, although there is no agreement yet. Referring to the commission, Irish …
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German chancellor, Olaf Scholz, said that Germany is doing all it can to wean itself off Russian energy, but declined to endorse a claim by Boris Johnson that it would stop importing Russian gas by the middle of 2024.Scholz said only that the goal would be achieved very soon, and …
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Ukrainian Prime Minister Denis Shmyhal said on Friday that this year’s grain harvest is likely to be 20 percent below its level last year due to the shrinkage of the cultivated area after the Russian invasion. He said there is a shortage of fuel for farmers, but Ukraine knows how …
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Russian oil and coal purchased in yuan will arrive in China soon. China and Russia are attempting to maintain energy trade even while other nations cut off Russian imports. In May, the first cargoes of Russian oil purchased in yuan will arrive at refiners in China. China is buying Russian …
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Gold prices fell on Thursday as the dollar and bond yields rose after the US Federal Reserve reiterated its commitment to tightening monetary policy to tackle inflation, while uncertainty over the conflict in Ukraine limited bullion losses. And the price of gold fell in spot transactions by 0.2 percent to …
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US President Joe Biden’s administration has imposed new economic sanctions Wednesday on Russia that will include Russian President Vladimir Putin’s daughters in response to Ukraine’s invasion.Daughters of Putin and his ex-wife, Maria and Katerina face sanctions that will cut them off from the US financial system and freeze any assets …
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The US Federal Reserve unveiled the Minutes of its latest meeting, which reminded market players of the aggressive stance of the central bank. Policymakers are determined to move the monetary policy to neutral “expeditiously.” Additionally, the statement reads: “participants also noted that depending on economic and financial developments, a move …
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The Treasury secretary, testifying before a House committee, said the US would continue finding ways to punish Russia for its invasion of Ukraine.Treasury Secretary Janet L. Yellen said that the United States would continue taking steps to cut Russia off from the global financial system, even as many European countries …
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The gold price is under pressure on Wednesday but contained within a familiar range as it continues to trade sideways on the daily chart. At the time of writing, at $1,922.10, XAU/USD is down 0.06% and has travelled between a high of $1,933.58 and a low of $1,915.08. The US …
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The Russian Kremlin said that its country could default on its debt performance in theory, but this would be an artificial situation after the Ministry of Finance decided to make payments on sovereign Eurobonds in Russian rubles. The Kremlin spokesman said there are no real reasons for default, adding that …
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