Business
Pork prices hit eight-year high in Russia
Pork prices in Russia have seen a record surge as processors opt for the meat instead of chicken, which has also become more expensive
EU state wants to enshrine ‘right to cash’ in constitution
Austria’s leader Karl Nehammer has proposed enshrining the right to use cash in the country’s constitution
Russia reveals projected economic growth for 2023
The Russian economy will grow by more than 2% by the end of the current year, the economy minister said
Baltic states seek to disconnect from Russian power grid
Latvia, Estonia and Lithuania have reportedly agreed to disconnect from Russian electricity by early 2025
Türkiye seeking to reinstate grain deal – media
Turkish authorities are reportedly trying to reinstate the Black Sea grain deal in its original form
Russia sees surge in foreign tourism
Foreign tourist flows in Russia more than doubled from January to June in annual terms, according to FSB data
Major Russian power producer eyes Africa presence
Russian power generating giant RusHydro aims to strengthen cooperation with Africa, TASS reports
British banks to abandon ‘racist’ term Black Market
UK lobby group has called for eliminating controversial terms like black market or black hat, in an effort to ban “non-inclusive” language
Iran and Russia seek to deepen ties between free trade zones
Moscow and Tehran are working on strengthening cooperation between their free trade zones amid Western sanctions
Russian gas fueled German industry – Uniper
The chief of energy giant Uniper has said gas and oil supplies from Russia have helped boost Germany’s industrial sector
Chocolate set to be more expensive as cocoa prices soar
Prices for cocoa beans have skyrocketed to their highest level in over a decade amid supply concerns
Russia makes new pledge to help ‘balance’ oil market
Deputy Prime Minister Alexander Novak has said Russia will reduce its oil exports by 300,000 barrels per day in September
Russia-UAE trade ‘skyrocketing’ – Bloomberg
Russia and the UAE have been ramping up bilateral trade to record highs despite the West’s sanctions on Moscow
Saudi Arabia extends oil-production cut
Riyadh has extended a cut in oil output for at least another month, in line with OPEC efforts to prop up prices
Ruble dives to 17-month low against euro
The Russian ruble has dropped to its lowest level since March 2022 against the euro
Russia to impose windfall tax on large businesses
President Vladimir Putin has signed a law obliging large companies to pay a tax on excess profits