Natural gas prices in Europe fell after the region’s leaders agreed on measures to contain the energy crisis, including a proposal to set price caps. European Union (EU) leaders called on the European Council and the European Commission to “urgently” submit decisions regarding “a temporary dynamic price corridor on natural gas transactions to immediately limit…
European Gas Declines After Price Cap Proposal
October 21, 2022
admin
Business & Marketseconomyenergyenergy marketsEU energy crisisEuropegas pricesMarketsprice capssanctions on RussiaWorld
0 Comment
Demand Surges For Pirated Microsoft Products in Sanctions-Hit Russia
June 29, 2022
admin
Business & MarketsCompaniesEuropeMarketsMicrosoft Windowspirated softwareRussia-Ukraine Warsanctions on RussiaTechTech NewsWorld
0 Comment
Russian citizens are increasingly searching for pirated Microsoft products online after the company stopped in-country sales following Moscow’s invasion of Ukraine. Google searches for Windows 10 activation methods in Russia have risen by 80 to 250 percent during the past 90 days, according to a June 27 report by Kommersant newspaper. One of the fastest-growing…
Oil Prices Rise as OPEC+ Meets to Discuss Production
June 2, 2022
admin
Business & Economycommoditieseconomic policieseconomyEuropeMarketsOPECRussian Oil Tradesanctions on RussiaUSWorld
0 Comment
Brent crude oil prices rose as OPEC+ members met Thursday to discuss production policy for July amid a decline in Russian output. The oil market kept a close eye on the meeting, which includes the 13 Organization of the Petroleum Exporting Countries (OPEC) nations and 10 non-OPEC partners, including Russia. August futures of Brent crude, the…
First Shipment of Russian Coal Paid for in Yuan on its Way to China
The first shipments of Russian coal and crude oil, paid for in yuan, will arrive in China in April and May, respectively. Chinese state media used the opportunity to denigrate the United States, claiming that the international status of the U.S. dollar is “at risk.” However, financial expert Albert Song believes that it will not…
Russia Using Oil and Gas Sales to Bolster Foreign Reserves
April 11, 2022
admin
Business & Economyeconomic policiesEuropeForexMarketsRussia-Ukraine WarRussian Oil TradeS&Psanctions on RussiaWorld
0 Comment
Moscow has announced that it intends to increase its Government Reserve Fund by 273.4 billion rubles ($3.23 billion), with a major portion coming from oil and gas sales. The funds will be used to implement measures to ensure the stability of the Russian economy as it faces extensive international sanctions, the Kremlin said in an…
Russia Loses 79 Aircraft to Western Lessors, US Bans Spare Part Exports to 3 Russian Airlines
April 8, 2022
admin
aircraftBusiness & EconomyeconomyEuropeexport banInternationalMarketsRussia-Ukraine Warsanctions on RussiaWorld
0 Comment
Western aircraft lessors have taken back only a limited number of planes from Russia following international sanctions that set a March 28 deadline for such repossessions. Of the 515 aircraft owned or managed by Western lessors that were placed with Russian carriers before its invasion of neighboring Ukraine, only 79 have been repossessed, according to…
Ruble Rebounds After Sanctions, Pressure Grows for Stronger Action Against Russia
March 31, 2022
admin
Business & Economyeconomic policieseconomyEuropeExecutive BranchInternationalMarketsPoliticsRuble at historic lowRussia-Ukraine WarRussian Oil Tradesanctions on RussiaUSvalue of the rubleWorld
0 Comment
Russia’s currency, the ruble, has recovered from much of the devaluation suffered in the aftermath of Western sanctions imposed due to Moscow’s attack on Ukraine. The recovery has put additional pressure on Washington for a stronger response. On Feb. 24, when Russia invaded Ukraine, the ruble was trading against the U.S. dollar at an exchange…
Russian Oil Tankers Going Dark, ‘Turning Off Transmissions Deliberately’ to Avoid Sanctions
March 31, 2022
admin
Business & EconomycommoditiesEuropeInternationalMarketsRussia-Ukraine Warrussian oil tankerRussian Oil Tradesanctions on RussiaWorld
0 Comment
Following international sanctions, tankers from Moscow carrying oil and other petroleum products are increasingly going dark—the practice of switching off the ship’s transponders—and vanishing from tracking systems. “We’re seeing a spike in Russian tankers turning off transmissions deliberately to circumvent sanctions,” Ami Daniel, CEO of predictive intelligence company Windward, said in an interview with CNN….
Japan Updating Forex Law to Block Russia From Circumventing Sanctions Through Cryptos
March 28, 2022
admin
Asia & PacificBusiness & Economyeconomic policieseconomyEuropeForexjapanese sanctionsMarketsRussia-Ukraine Warsanctions on RussiaSWIFT banking systemWorld
0 Comment
The government of Japan is seeking to revise its foreign exchange laws to block Moscow from evading sanctions by using cryptocurrencies. A revised version of the Foreign Exchange and Foreign Trade Act will be presented by the government at the current session of parliament, Chief Cabinet Secretary Hirokazu Matsuno said at a press conference. At…
Moscow Will Consider Bitcoin, Gold, and Ruble Payments for Natural Gas
Russia is open to being paid for its energy products in gold, local currencies, and even Bitcoin, Pavel Zavalny, head of the energy committee in the lower house of the Russian Legislature, said during a March 24 press conference. The minister pointed to China and Turkey as “friendly” nations who have not yet applied sanctions on…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`