Russian crude oil will continue to trade despite the bans
Sunday was the day European Union regulations banning deals with Russian state-owned energy companies come into force. (more…)
The Turkish lira fell again
Turkey's national currency, the Turkish lira, began to depreciate again after a period of relative stability. (more…)
Putin has said that Austria can pay for Russian gas in euros
Russian President Vladimir Putin told Austrian Chancellor Karl Nehammer during their meeting earlier this week that gas supplies from Russia to Austria are secure and...
80% of Greeks find it difficult to cover their bills
Almost 80 percent of Greeks find it difficult to pay their bills, according to Eurobarometer data, the Greek economic publication Economics Tachydromos reported. (more…)
The EU is allocating 3.5 billion euros to countries that have sheltered Ukrainian refugees
The Council of the EU announced today that it has finally approved the allocation of 3.5 billion euros to EU countries that have sheltered Ukrainian...
Europe with a powerful financial injection for Ukraine
The European Commission (EU) is providing € 1 billion to support Ukraine and host countries fleeing the war. (more…)
Stock market declines in Europe amid the increasingly aggressive Fed
European stocks fell in early trading on Wednesday, marking a decline from their six-week highs after investors turned their attention to concerns about the aggressive...
Dallas Federal Reserve: A global recession is inevitable without Russian oil
The world economy will probably not be able to avoid a recession without a resumption of Russian energy exports this year, according to a study...
Oil has risen in anticipation of new sanctions against Russia
Oil prices rose in early trading on Tuesday as investors awaited the new US and European sanctions against Moscow for alleged Russian war crimes in...
Turkey reported over 61% annual inflation
Turkey reported 61.14 percent inflation in March on an annual basis, Turkish television CNN-Turk reported. (more…)
The West assumes currency risk when trading in rubles
Russian President Vladimir Putin signed a decree on March 31st, according to which gas trade with enemy countries, including Bulgaria, will be paid in rubles....
Five important business changes that the war in Ukraine accelerated
No matter how the war in Ukraine, started by Russia, ends, the business will change the processes started by the pandemic, US-China tensions, and climate...
Food and war: What the EU can do about emptying shops
Russia's war in Ukraine has created similarly impressive queues in supermarkets as in the COVID-19 pandemic, but unlike the panic of 2020, when the main...