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
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
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.
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 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 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,
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
Russia has reportedly requested Kazakhstan’s assistance in supplying petrol, as Ukrainian attacks on Russian refineries have necessitated gasoline imports.
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.
The head of Mercedes-Benz, a leading German automotive manufacturer, has announced that the company will continue producing gasoline cars well into the 2030s.
Oil executives and analysts predict that benchmark oil prices will continue to climb this year and surpass the $100 per barrel mark.
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
As a result of strong demand, U.S. natural gasoline prices soared to their highest intraday levels in more than 13 years.