Business
EU bought almost €30bn worth of Russian energy last year – media
EU purchases of Russian oil, petroleum products, and gas amounted to over €29 billion in 2023, RBK reported, citing data from Eurostat
Russia keeps interest rate on hold
The Bank of Russia left its key interest rate unchanged at 16% on Friday, saying that inflation had subsided but remains high
Euroclear blasts G7 over plan to seize Russian money
The plan of using Russia’s immobilized assets as collateral to raise debt for the reconstruction of Ukraine is risky, says Lieve Mostrey
German growth forecast to be slashed – economy minister
A ruling by the country’s top court on unused funds has had a negative effect on the EU’s biggest economy, Robert Habeck has claimed
Australia’s unemployment rate hits two-year high – data
The latest jobless data indicates a deterioration in the labor market and a weakening economy
UK slips into recession
The British economy contracted in the final two quarters of last year, according to official estimates
Ukraine brings criminal charges against Russian tycoon
The Security Service of Ukraine says it has filed charges in absentia against businessman Oleg Deripaska
Brussels will not extend gas transit contract with Moscow – EU energy chief
The EU intends to further diversify its energy supplies away from Russia, according to Kadri Simson
Argentine inflation catapults past 250%
Consumer prices hit a three-decade high in annual terms amid the president’s drastic reforms aimed at stabilizing the ailing economy
US debt to top $54 trillion – budget office
Higher interest expenses and an aging population will be key factors propelling the national debt higher
German commercial property market tumbling – report
The EU nation’s real-estate market has been suffering its worst crisis in decades following years of steady gains
US spending $7mn a year on seized Russian yacht
Maintenance of a superyacht seized by the US from a sanctioned Russian billionaire is costing American taxpayers $600,000 a month
Number of Western firms that left Russia revealed
Most foreign companies are still operating in the country despite the Western pressure, a Russian deputy PM has said
Sanctioning Chinese companies cooperating with Russia would be illegal – Beijing
Beijing has expressed its firm opposition to “illegal sanctions” on Chinese companies accused of helping Russia
German FM admits economy ‘unfit’
Finance Minister Christian Lindner has admitted the country is in a downturn and has urged undertaking reforms
BRICS will overtake G7 in economic might by 2028 – Dilma Rousseff
BRICS’ share in the world economy will outpace the G7’s this decade and will account for 40% of global GDP, Dilma Rousseff has predicted