Business
Hungary looking to expand business in Russia
Hungary will keep pursuing cooperation with Russia despite sanctions pressure, Foreign Minister Peter Szijjarto says
Latin American country raises interest rates to 133%
Argentina’s central bank has hiked the country’s benchmark interest rate for the sixth time this year amid sky-high inflation
EU country to restrict access to LNG terminal after suspected pipeline sabotage – ministry
Helsinki is boosting security to its energy infrastructure following suspicious damage to the Balticconnector gas pipelines
EU state boosts imports of Russian gas – media
Greek purchases of Russian gas have reportedly reached pre-sanctions levels despite the EU’s pledge to cut energy dependence on Moscow
Dutch firms fined for breaching Russia sanctions
Four Dutch companies have been fined for violating sanctions on Russia by supplying equipment for the Crimean Bridge, Reuters reports
Russian oil still flowing to EU – Republika Srpska PM
Crude from Russia is entering the EU market despite Western sanctions through third countries, Republika Srpska’s PM tells RT
Russian oil discounts shrank threefold – deputy PM
Discounts offered on Russian crude have declined significantly since the beginning of the year, Aleksandr Novak has said
Oil prices spike as US slaps sanctions on Russian crude exports
Global prices for crude oil rose 4% on Friday after Washington enforced the price cap mechanism
Russia urges wider use of national currencies in trade with neighboring states
The CIS nations should rely more on local currencies in trade to shield themselves from external influence, President Putin has said
Russia takes no pleasure in EU’s economic pain – Putin
The EU is in recession, but Moscow is not gloating, according to Russian President Vladimir Putin
European gas prices surge to six-month high
European gas futures jumped nearly 5% on Friday amid perceived global threats to energy supply
Russian royalties to foreign artists collapse – RBK
Last year marked a drastic decline in Russian payments to international copyright holders for music
EU state explains why it still buys Russian diamonds
Belgium will not ban imports of Russian rough diamonds until a full traceability system is ready, Prime Minister Alexander De Croo has said
Israel crisis could cause global economic shock – Nouriel Roubini
The Israeli-Palestinian conflict could cause “huge” damage with oil supply disruptions and soaring crude prices, Nouriel Roubini says
Russia can help solve global energy crisis – DR Congo envoy
Africa is looking to Moscow for new strategies and technologies in the energy sector, Ivan Vangu Ngimbi has told RT
EU state pledges to send profits from frozen Russian assets to Ukraine
Taxes from the interest earned on immobilized Russian assets will go to fund Ukraine’s military and reconstruction, the Belgian PM has said