Category: economy

Full embargo on Russian coal postponed until mid-August through Germany – Reuters

Germany is once again showing that its own economic interests are more worrying than the lives of Ukrainians who are protecting Europe from fascism. The European Union will postpone a full embargo on Russian coal until mid-August due to pressure from Germany. This was reported by Reuters. The phasing out of Russian coal imports is…

Russia's “Nightmare Default”: An expert on payments blocked by the Russian government through American banks

The probability of default was estimated at 80%. Russia will be forced to declare a “nightmarish” default for their foreign currency-denominated bonds after the United States made a final decision to ban the Russian government from making payments through American banks. This was stated by Timothy Ash, senior sovereign strategist for emerging markets, Bluebay Asset…

Hungarian Foreign Ministry: “For us, the red line is nuclear energy”

Hungary yesterday accepted Russian nuclear-fueled aircraft for its only nuclear power plant. On April 6, nuclear fuel was delivered from Russia to ensure the operation of the Paks nuclear power plant in Hungary. To this end, Hungary, Poland and Slovakia have allowed Russian aircraft to cross their airspace. This was stated by Hungarian Foreign Minister…

Russia's attempts to support the ruble will deplete its military resources – US Treasury

The reason is that the Russians return the currency back to Russia and force companies to buy rubles. Russia's efforts to support the ruble will eventually lead to depletion of its resources to wage war against Ukraine. This was stated by US Deputy Secretary of the Treasury Wally Adeyemo in an interview with CNN. And…

Chinese state-owned refineries are refraining from concluding new contracts with Russia – Reuters

State-owned enterprises do not want to be identified as buyers of Russian oil. Chinese state-owned refineries are maintaining existing contacts over oil supplies from Russia, but are refraining from concluding new agreements due to US and EU sanctions against Russian oil exporters. This was reported by Reuters. “State-owned enterprises are cautious because their actions can…

Poland has explained why Nord Stream-2 needs to be dismantled

Poland opposes the creation of gas pipelines between Russia and Germany, saying it is a “political project”. Polish President Andrzej Duda called for tougher sanctions against Russia and, in particular, against its energy sector – according to him, one of the steps should be the dismantling of the already built Nord Stream-2 gas pipeline. Duda…

The European Parliament has supported the immediate imposition of an embargo on all Russian energy sources

The embargo also includes a complete waiver of Nord Stream-1 and Nord Stream-2. The European Parliament supported a resolution calling for a full and immediate embargo on imports of Russian energy: oil, gas, coal and nuclear fuel. This was announced by MEP Guy Verhofstadt. The document was supported by the vast majority of deputies. 413…

Google will digitize the destruction in Ukrainian cities: the first results will appear next week

The consequences of Russia's military aggression against Ukraine will be published on Google Maps. The Ministry of Internal Affairs of Ukraine together with experts from the world technology giant Google has launched a project to digitize the consequences of the military aggression of the Russian Federation against Ukraine. This was reported by the telegram channel…

The G20 will have to choose between Biden and Putin: the United States will boycott the “twenty” if there are Russians

The atrocities uncovered after Russian troops withdrew from Bucha, near Kyiv, are causing Russia's rejection in the international arena. The United States will not participate in the” series of meetings “of the G20, if Russia is a member. The reason is the war that Russia has been waging against Ukraine since February 24. This was…