Business
Russian stock market hits 17-month high
The ruble-based MOEX index has topped 3,000 points, its highest level since before the beginning of Moscow’s military operation in Ukraine
German car giant takes major hit on sale of Russian business
Volkswagen said the sales price for its Russian business division totaled €125 million
Russia announces ‘temporary’ ban on rice exports
Moscow has placed a temporary ban on exports of rice to protect the internal market
EU expands anti-Russia sanctions
Brussels has imposed sanctions on seven Russian citizens and five entities for allegedly disseminating propaganda
Foreigners told how to unfreeze assets in Russia
Foreign citizens who obtain a Russian residence permit will be able to “unfreeze” their funds held in the country, RBK has reported
Settlements using national currencies would boost Russia-Africa trade – Putin
A transition to national currencies in settling accounts would further boost economic ties between Russia and Africa, President Putin says
BRICS payment system will replace SWIFT in new ‘non-Western world’ – AFROCOM head
The future BRICS payment system will replace SWIFT in a new “non-Western world,” the chairman of AFROCOM has told RT
Putin names ‘root cause’ of global food and energy crisis
Policy mistakes made by the West since the Covid pandemic are the cause of the current global food and energy problems, says Vladimir Putin
Zambia looks to Russia for industrial strength – MP
Zambia is looking to Russia for help in achieving technological sovereignty and economic prosperity, MP Chanda Katotobwe has said
Moscow has forgiven $23 billion in African debt – Putin
Russian President Vladimir Putin says African nations have had billions of dollars in debt written off by the Kremlin
Russia boosting grain supplies to Africa despite ‘illegal’ sanctions – Putin
Russia will continue supplying grain to African nations despite Western sanctions, President Putin has pledged
World Bank sends $1.5 billion to Ukraine
Ukraine has received $1.5 billion in aid from the World Bank, the country’s Finance Ministry says
Russia wants to ditch dollar in trade with African countries
Alternative payment mechanisms in mutual trade will be discussed at the Russia-Africa summit, said VTB CEO Andrey Kostin
IMF warns of sharp increase in grain prices
Global grain prices could jump by up to 15% after Russia quit the Black Sea grain deal, Bloomberg reported, citing the IMF chief economist
Japan tightens anti-Russian trade sanctions
The Japanese government is set to expand its ban on Russian imports, citing the ongoing conflict in Ukraine
ECB hikes interest rates to multi-year highs
The European Central Bank has continued raising interest rates despite concerns of a recession in the Eurozone