Indian Oil Corp (IOC) (IOC.NS) has excluded several high-sulfur crude grades, including the Russian Urals, from its latest tender, trade sources said on Tuesday. India’s top refiner informed market participants Continue Reading
India ramped up crude oil purchases from Russia despite warnings from Washington not to do so. India’s relations with the U.S. seemed to have improved during a brief struggle with Continue Reading
Telecoms equipment maker Nokia is pulling out of the Russian market, its CEO told Reuters, going a step further than rival Ericsson (ERICb.ST) , which said on Monday it was Continue Reading
Elvira Nabiullina spent eight years modernizing Russian monetary policy and forging bonds with global markets. In the past six weeks, she took apart much of what she created for a Continue Reading
Russia’s current account surplus, the broadest measure of trade, more than doubled in the first quarter of 2022 from the same period last year amid soaring oil and gas prices, Continue Reading
Japan’s government has asked power companies to top up their liquefied natural gas (LNG) reserves and share energy resources, a person familiar with the contingency plan said, as civilian deaths Continue Reading
The Russian rouble weakened sharply in jittery trade on Monday, reversing some of the previous week’s gains, after the central bank decided to relax temporary capital control measures aimed at Continue Reading
The European Union’s executive is drafting proposals for an EU oil embargo on Russia, the foreign ministers of Ireland, Lithuania and the Netherlands said on Monday, although there is still Continue Reading
JSC has been ruled in default on a bond after missing an interest payment last month, the first such decision since Russia was slapped with harsh sanctions that complicated financial Continue Reading
Russian President Vladimir Putin’s decision to invade Ukraine probably sabotaged any further aspirations for the Sputnik coronavirus vaccine, the first injection approved by any country. Manufacturing of the vaccine has slowed, further Continue Reading
