Business
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
Poland pledges to keep border closed to Ukrainian grain
Warsaw will introduce a unilateral embargo on Ukrainian grain if the EU ban expires in September, Agriculture Minister Robert Telus has said
Russia becomes Europe’s biggest economy – report
Russia has become the world’s fifth-largest economy in PPP terms, surpassing Germany, according to World Economics estimates
African states call for EU to unblock Russian fertilizer shipments
A joint statement by Russia and African states has called for practical steps to remove barriers to Russian fertilizer and grain exports
EU’s LNG imports down to nearly two-year low – Bloomberg
The EU’s liquefied natural gas imports have slumped to their lowest level since November 2021 amid a price slump, Bloomberg has reported
OPEC oil production tumbles – Bloomberg
OPEC’s crude oil production has plummeted to a three-year low, according to a Bloomberg survey
Russia unveils logo for new digital ruble
The Bank of Russia has approved the logo of the national electronic currency
Russia’s manufacturing output picking up steam – Putin
Russian manufacturing may grow 12% this year if the current trend is maintained, President Vladimir Putin has predicted
Kremlin pours cold water on BRICS currency speculation
The adoption of a common BRICS currency looks unattainable in the near future, says Kremlin spokesperson Dmitry Peskov
Russia has emerged from sanctions crisis – Kremlin
The sanctions-related economic crisis is over and Russia can now start rapidly developing its economy, Dmitry Peskov stated
BRICS discussing launch of dollar rival – top Russian MP
The BRICS nations have been looking for an alternative settlement currency as de-dollarization gains momentum
Sanctions could force Niger into default – Moody’s
Economic restrictions imposed on Niger by its regional and Western partners could force the country into default, Moody’s has warned
Pakistan seeks to boost Russian oil imports – report
Pakistan hopes to use a planned Saudi-backed refinery to process “increasing volumes” of Russian crude, Nikkei Asia reports
Russia’s biggest automaker reports soaring sales
Major Russian carmaker AvtoVAZ has reported having doubled its sales over January-July compared to the same period in 2022
Ruble slides further against euro
The Russian ruble has resumed its weakening against the euro and the dollar amid changes in the balance of trade