Russia’s financial system is facing a looming crisis, with its banking sector described as a “time bomb” amid tightening sanctions and soaring interest rates, according to reports from The Moscow
Oil price drop bellow $60 renders Russian price cap ‘irrelevant’
The Kremlin can now largely disregard the G7’s price cap on Russian oil exports, as the global benchmark price has fallen below $60 a barrel.
The Kremlin is desperately hoping that Trump’s return will bring an end to the war.
Russia’s sudden eagerness to engage with U.S. President Donald Trump’s efforts to end the war in Ukraine comes as no surprise. The Kremlin is desperate for the conflict to conclude,
Mercedes-Benz warns that its 2025 profits will be ‘significantly’ lower.
Mercedes-Benz has announced a cost-cutting initiative after profits fell by nearly a third, driven by a slowdown in its electric vehicle (EV) business.
Russia’s government has removed the temporary ban on most gasoline exports.
Russia’s government announced on Saturday that it had lifted the temporary ban on most gasoline exports supplied by producers while extending restrictions for other exporters, including independent traders and resellers,
Putin is getting around Western sanctions
Insurers have raised concerns that the price cap on Russian oil has become unenforceable, leading to an increase in ships joining a shadow fleet, thereby circumventing G7 sanctions aimed at
Putin seeks urgent petrol supplies as Russia faces fuel shortage.
Russia has reportedly requested Kazakhstan’s assistance in supplying petrol, as Ukrainian attacks on Russian refineries have necessitated gasoline imports.
Russia imposes a ban on gasoline exports amid a shortage of fuel for motorists.
Russia has declared a six-month prohibition on petrol exports as the government, led by Vladimir Putin, strives to satisfy the fuel needs of its domestic drivers and agricultural sector.
Mercedes-Benz chief pledges to continue manufacturing gasoline vehicles into the 2030s.
The head of Mercedes-Benz, a leading German automotive manufacturer, has announced that the company will continue producing gasoline cars well into the 2030s.
It is anticipated that benchmark crude oil prices will exceed the $100 per barrel threshold
Oil executives and analysts predict that benchmark oil prices will continue to climb this year and surpass the $100 per barrel mark.
Recession fears lead to oil falling to a new six-month low
After a brief respite, oil fell to a six-month low on Wednesday. This was after concerns over a possible global recession that could weaken demand outweighed a report showing lower
U.S. Natural Gas Surges To A 13-Year High Upon Global Supply Crunch
As a result of strong demand, U.S. natural gasoline prices soared to their highest intraday levels in more than 13 years.