Business
Germany pledges to bankroll Ukraine’s military – media
The German Finance Ministry has promised to provide €5 billion to Kiev annually until at least 2027, Forbes Ukraine has reported
EU gas prices surge
EU gas futures have grown nearly 18%, as energy facilities belonging to Chevron and Woodside Energy in Australia face labor strikes
China on track to become world’s top car exporter – Moody’s
China has surpassed Germany and is now challenging Japan to become the world’s top car exporter as EV sales surge, Moody’s reports
Ruble strengthens as central bank takes action
The Russian ruble recovered some losses ahead of the central bank’s key interest rate decision
Russian central bank announces major interest rate hike
The Bank of Russia has increased its benchmark interest rate in an emergency move to contain the ruble’s decline
Mercedes disconnects Russian customers – Izvestia
German automaker Mercedes-Benz has stopped providing access to its software for Russian dealers, Izvestia reports
Russian nuclear giant ramps up supplies to ‘friendly’ states
Russian Rosatom says it has been boosting nuclear power-related supply on the global market, particularly to Asia, Africa, the Middle East
Poland to extend ban on Ukrainian grain – president
Poland will not lift the import ban on Ukrainian agricultural products, President Andrzej Duda has announced
Ruble rebounds as central bank steps in
The Russian ruble has recovered Monday’s losses as the Bank of Russia calls an emergency key rate decision meeting
‘Strong dependence’ on Russia affecting gas prices – Germany
Germany’s reliance on Russian gas continues to hit the EU’s largest economy, driving energy prices up, the Economy Ministry has said
Majority of Russians ‘don’t care’ about ruble exchange rate – MP
The chairman of the Duma Financial Markets Committee, Anatoly Aksakov, doesn’t consider a weaker ruble a major problem for Russians
Ruble slide no threat to Russia’s economic stability – central bank
The Russian central bank has signaled the possibility of a key interest-rate hike amid the ruble’s continued depreciation
Putin aide denies Moscow wants ‘weak’ ruble
The Russian currency will stabilize after the recent sharp depreciation, presidential economic adviser Maksim Oreshkin says
Ruble hits 100 to US dollar
The Russian ruble has declined to a 16-month low, despite capital controls and surging export revenues
BRICS bank aiming to expand trade in national currencies – report
The BRICS New Development Bank aims to boost local currency lending amid Russia sanctions, Reuters reports
Russia’s biggest private bank posts huge profits
Sanctioned Russian Alfa-Bank has reported impressive profits and solid market position despite the challenges