India Surpasses China as Russia’s Top Oil Buyer in July
In July, India surpassed China as the largest importer of Russian oil as the Chinese refiners reduced purchases due to lower profit margins from fuel...
Tag : Russia
Prime Minister Narendra Modi Arrived in Russia, Participated in 22nd India-Russia Annual Summit
Prime Minister Narendra Modi arrived in Moscow, Russia on July 8 for a three-day official visit to Russia and Austria. He was given a Guard...
Turkey Begins Ratifying Finland’s NATO Membership, Sweden Must Wait
On Friday, Turkish President Recep Tayyip Erdogan ended months of diplomatic delays and asked parliament to support Finland’s bid to join NATO quickly. Opponents in...
Russia Barred from Future Projects of FATF
Russia is now banned from participating in any future project of the Financial Action Task Force (FATF), the global terrorism financing and money laundering watchdog....
European Gas Prices Plunge on EU Commission Plan for ‘Dynamic’ Price Cap
On Monday, benchmark prices for natural gas in Europe declined to their lowest in three months amid reports of a new plan in Brussels to...
Nissan Incur $687 Million Loss as Sells Russian Business for 1 Euro
On Tuesday, Nissan Motor Co Ltd said it would hand over its business in Russia to a state-owned entity for 1 euro (USD 0.97), incurring...
Toyota Motor to Close Its Plant in Russia
Russia’s Ministry of Industry and Trade has cleared that Japan’s Toyota Motor (NYSE:TM) Corp has decided to close its plant in Russia. In March, Toyota...
Russia Considers $50 Billion Hike in Taxes on Oil, Gas in 2023-2025
Russia is considering increasing taxes on the oil and gas sector to 3 trillion roubles (USD 50 billion) in 2023-2025, mainly to plug the budget...
Key Rate in Russia Lowered to 7.5%
According to analysts’ predictions, Russia’s central bank reduced its benchmark interest rate by 50 basis points to 7.5 per cent on Friday while warning of...
To Resolve Refinery Crisis, Germany Seizes Rosneft’s Oil Assets from Russia
The Russian oil company Rosneft’s local activities will be taken over by the German government, further dividing the two nations due to Russia’s invasion of...