х News In English

Gazprom Neft has switched to yuan and rubles in export settlements, the company’s head has revealed Russian oil producer Gazprom Neft, a subsidiary of energy giant Gazprom, has almost completely abandoned the US dollar and euro in crude trade with foreign partners and switched to national currencies, the company’s CEO Aleksandr Dyukov revealed this week. … Продължение

Most EU nations are not eager to purchase Kiev’s produce despite an abundance, Russia’s foreign minister says The European Commission should buy the Ukrainian agricultural produce that the bloc says it doesn’t need and ship it to African countries, Russia’s foreign minister Sergey Lavrov has said at the UN General Assembly (UNGA). Western allies have … Продължение

Manufacturing and services have declined further, data shows Private-sector activity in the Eurozone is continuing to shrink, suggesting the area’s economy will likely contract in the third quarter as the downturn in manufacturing has deepened, data compiled by S&P Global revealed on Friday. HCOB’s flash Composite Purchasing Managers’ Index (PMI) for the bloc, a measure … Продължение

Warsaw had previously extended its embargo on Ukrainian grain despite the EU lifting the restriction Ukraine and Poland could reach a compromise solution to allow grain transit through the EU nation, Kiev’s deputy economy minister and trade representative said on Sunday in an interview with the Polish news agency Onet. According to Taras Kachka, the … Продължение

Turnover between January and August soared past $155 billion, customs data has shown Trade between Russia and China has maintained its brisk momentum since reaching record levels in 2022, with exports and imports experiencing robust growth since the start of this year, as per this week’s update from the Russian Customs Service. According to the … Продължение

Rampant money forgery has flooded the region with counterfeit coins Baristas in Kosovo cafes have given up checking €2 coins for authenticity, as most of them are fake and the high quality of the counterfeits makes it almost impossible to distinguish them from genuine currency. “At the beginning, everyone was worried and was checking if … Продължение

The cost of a cup of java has soared by 118% since 2016, according to an analysis A cup of coffee in Russia now costs more than twice as much as it did seven years ago, RBK news outlet reported this week, citing a study from one of the country’s major financial data firms, OFD … Продължение

Supplies jumped by 60% from January to August in annual terms, customs data shows   Russian supplies of liquefied natural gas (LNG) to China saw unprecedented growth of 60% in annual terms in the first eight months of the year, Chinese customs data released this week showed.     Russia delivered 5.45 million tons of LNG … Продължение

Spending has increased as consumers adjust to the military conflict Ukraine’s gross domestic product (GDP) saw a sharp increase of 19.5% from April through June compared to the same period last year, according to the latest data from the State Statistics Service. The significant surge – the highest on record – has been attributed to … Продължение

Extremely dry weather in the Mediterranean is blamed for the spike Global olive oil prices hit record highs in September, topping $8,900 per ton as a result of severe droughts in major producing countries, according to this week’s report by the US Department of Agriculture (USDA). Prices have risen steadily since the extent of the … Продължение

Brussels must, however, protect itself as trade with Beijing is “very unbalanced,” Valdis Dombrovskis has said The EU will not cut economic ties with China – one of its biggest trade partners – but needs to protect itself, the European Commission’s executive vice president said on Saturday, addressing the annual Bund Summit in Shanghai. Valdis … Продължение

Trade turnover between Russia and the Netherlands has seen a year-on-year decline of 200%, RIA Novosti reports Mutual trade between Russia and the Netherlands saw a threefold year-on-year decrease to €620 million ($662 million) in July, having plunged to its lowest level since 2015, RIA Novosti is reporting on Saturday, citing Dutch customs data. In … Продължение