Business
Russia’s McDonald’s replacement eyes China expansion
Russia’s Vkusno i Tochka has requested McDonald’s approval to open an outlet in the Chinese border city of Heihe, the owner said
Chinese travel boom fueling oil-price rise – analyst
Oil prices are likely to surge to $100 per barrel by the year’s end on Chinese demand, Black Gold Investors CEO Gary Ross says
German software giant leaves Russian customers without support – Kommersant
SAP will stop maintenance contracts with Russian clients at the end of the year as it exits the country, the company has revealed
Russia and Türkiye plan long-term energy сooperation – Erdogan
Moscow and Ankara are working on the creation of a major gas hub in Türkiye, President Recep Tayyip Erdogan says
Russian decision shocks oil markets
Russia will reduce crude exports by 300,000 barrels per day through December to rebalance the markets, the deputy PM has revealed
Major upturn in Russia’s new car sales
Russian car sales are on course to recover from the impact of Western sanctions this year, according to the Autostat agency
Most Russians share strong connection to land – survey
The vast majority of Russians are familiar with farming and have harvested crops at least once in their lives, a survey has shown
Russian oil exceeds Western price cap
Russian Urals crude has been trading above the $60 per barrel price cap set by the G7, finance ministry’s data has shown
German car industry issues energy-price warning
High energy costs have made the German car industry less competitive, the head of the automotive association says
Countries can benefit by refusing to sanction Russia – study
Nations that remained neutral in the conflict between Moscow and the West have seen their economies grow, according to the Bank of Canada
Latest Chinese smartphone finds way around US sanctions – Bloomberg
Huawei has reportedly developed a smartphone with 5G speed capabilities despite being cut off by the US from key technologies
Swiss financial industry suffering from sanctions on Russia – media
Switzerland’s banks have been in the crosshairs over the way they implemented the sanctions on Russia, Swissinfo reports
Brazil takes US crown in critical crop exports
US corn producers handed the exporting leadership to Brazilian rivals on completion of the 2023 harvest year
West to pressure UAE over Russia ties – WSJ
The US, UK and EU plan to demand that the UAE stop dual-use goods sales to Russia, the Wall Street Journal reports citing officials
Türkiye proposes national currencies trade with Russia
Moscow and Ankara should switch to ruble-lira settlements to boost trade, Recep Tayyip Erdogan has suggested
Ukraine attacking pipelines to Türkiye – Putin
Russian pipelines, which transport gas to Türkiye, are constantly being attacked by drones launched from Ukraine, President Putin says