Deutsche Bank Moving Russian IT Staff to New Hub in Germany
Deutsche Bank AG is moving hundreds of IT staff in Russia to Berlin as the lender braces for a potential closure of its technology center in the country, people familiar Continue Reading
Russian oil and gas: fated for long-term decline?
Boasting a quarter of the planet’s gas reserves and more than 5 per cent of its crude oil, Russia’s economy has long been dominated by the energy sector. As the Continue Reading
Barclays raises Brent forecasts on Russia oil sanctions
Barclays on Monday raised its Brent crude price forecasts by $11 per barrel for 2022 and $23 for 2023, citing a larger and sustained disruption in Russian supply following sanctions Continue Reading
Germany faces 5 billion euros a year hit from Russian gas sanctions, Welt am Sonntag reports
Russia’s sanctions against Gazprom Germania and its subsidiaries could cost German taxpayers and gas users an extra 5 billion euros ($5.4 billion) a year to pay for replacement gas, the Continue Reading
Oil Tankers Make Rare Mid-Atlantic Switch of Russian Crude Cargo
Shippers of Russian crude are turning to unusual methods to move cargoes displaced from Europe over much longer distances to new customers. The most recent example is a ship-to-ship transfer Continue Reading
LNG revolution: Germany’s plan to wean itself off Russian gas takes shape
A small orchard on the banks of the Elbe River in northern Germany, overgrown and circled by seagulls, holds the key to the country’s Russia-free energy future. The orchard, close Continue Reading
Russia Seeks Buyers for Plundered Ukraine Grain, U.S. Warns
Russia has bombed, blockaded and plundered the grain production capacity of Ukraine, which accounts for one-tenth of global wheat exports, resulting in dire forecasts of increased hunger and of spiking food prices Continue Reading
Britain pledges rocket systems after Putin threatens West
Britain said Monday it will send Ukraine multiple launch rocket systems that can strike targets up to 50 miles away, despite a threat from Russian President Vladimir Putin that Moscow would attack Continue Reading
Russia says it can bypass EU ban on insuring maritime oil deliveries to third countries
Medvedev expects Europe to use ‘gray’ mechanisms to import Russian oil Sees Europe facing oil deficit due to sixth sanctions package Russia expects to get around the EU ban on Continue Reading
Charting the Global Economy: Inflation Hits a Record in Europe
Fed Beige Book Shows Growth Slowing in Some Areas Record inflation in the euro zone is seen fueling the European Central Bank’s tightening debate at this coming week’s policy meeting, Continue Reading