Banks warn of grim prospects for pound as economy slows
The pound has lost ground against most key rivals this year © Charlie Bibby/FT A duo of Wall Street banks is warning on the “grim” outlook for the pound, predicting Continue Reading
Latest Russia-Ukraine War News: Live Updates
As Russian and Ukrainian forces traded blistering artillery barrages and engaged in fierce fighting across towns and villages in eastern Ukraine, European Union leaders gathered on Tuesday for the second Continue Reading
Denmark Fully Prepared To Be Cut Off From Russian Gas
Denmark has joined the list of countries refusing to pay for Russian gas using a ruble conversion scheme, prompting the country’s state-run gas company on Monday to warn that Gazprom Continue Reading
Analysis: How the Ukraine conflict is reshaping global oil markets
Russian sea exports to Asia hit 2.3 mbpd – Petro-Logistics U.S. crude discharges in Europe hit record in May – Kpler Russian oil exports back at pre-invasion levels – IEA Continue Reading
Russia’s Rosneft recommends record dividend on 2021 results
Russian oil producer Rosneft (ROSN.MM) said on Monday that it would pay a record dividend of 41.66 roubles ($0.63) per share on its 2021 results, or 50% of its net Continue Reading
EU’s Borrell hopeful of deal on Russian oil ban
European Union members should be able to reach an agreement on a new sanctions package against Russia, including imposing restrictions on Russian oil imports, during talks being held by officials, Continue Reading
EU summit to agree sanctions should include Russian oil embargo with pipeline exemption – draft
European Union leaders are due to agree at a summit later in the day that the sanctions package under preparation should include an embargo on Russian oil imports as punishemnt Continue Reading
UK says Russia suffers devastating losses among lower-ranked officers
Russia appears to have suffered devastating losses amongst mid- and junior-ranking officers in its conflict with Ukraine, raising the prospect of weaker military effectiveness in future, Britain’s defense ministry said Continue Reading
Russia to service foreign debt using gas-for-roubles type scheme -Vedomosti
Russia plans to settle its Eurobond obligations using a mechanism similar to the scheme used to pay for Russian gas in roubles, the Vedomosti newspaper reported, citing Finance Minister Anton Continue Reading
Russia to service foreign debt using gas-for-roubles type scheme -Vedomosti
Russia plans to settle its Eurobond obligations using a mechanism similar to the scheme used to pay for Russian gas in roubles, the Vedomosti newspaper reported, citing Finance Minister Anton Continue Reading