The Bank of Russia has raised the key interest rate for the first time this year, citing rising inflation Read Full Article at RT.com ..read more

A group of Dutch lawmakers appealed to the government to urge that Russian gas imports to the EU be stifled Read Full Article at RT.com ..read more

Fitch ratings has downgraded Ukraine to ‘C’ over its $20 billion debt, saying a default or default-like process has begun Read Full Article at RT.com ..read more

EU residents and companies have been prohibited from participating in frozen asset swaps proposed by Russia Read Full Article at RT.com ..read more

Poland became the biggest buyer in the first five months of this year EU imports of Russian fertilizer soared by 70% to 1.9 million tons between January and May this year compared to the same period in 2023, Vedomosti reported on Tuesday, citing Eurostat data. In monetary terms, the bloc’s purchases amounted to more than €649 million ($703 million), marking a year-on-year increase of 30%. In May alone, imports rose by 5% year-on-year to €77.4 million ($83.8 million) in monetary terms and by 17% to 238,400 tons in volume. The growth is mainly attributed to an increase in purchases of potassic m ..read more

Gas exports via the Power of Siberia pipeline are expected to hit 38 billion cubic meters in 2025, according to Aleksandr Novak Russian gas exports to China could reach 30 billion cubic meters this year via the Power of Siberia mega-pipeline, Deputy Prime Minister Aleksandr Novak has said.  The pipeline’s operator, Gazprom, supplies natural gas to Russia’s Asian neighbor under a long-term contract it sealed with the China National Petroleum Corporation (CNPC). The Power of Siberia is part of a $400 billion, 30-year agreement between Gazprom and CNPC which was clinched in 2014. “Pipeline g ..read more

Higher borrowing costs have been hurting companies, the Insolvency Service has said The number of bankruptcy declarations in England and Wales reached the highest level in over a year last month, as soaring interest rates weighed on companies’ budgets, according to a report by the UK’s Insolvency Service on Friday. According to the data, 2,361 companies went out of business last month, a 17% surge compared to the same month last year. It was the highest number since May 2023, and the joint third-highest on record going back to 2000, the report said.  Construction was the worst-affected in ..read more

The first payout to Ukraine from interest generated by Moscow’s frozen funds will be made this month, the EU-based depository has said Brussels-based depositary and clearing house Euroclear has confirmed that it will confiscate interest generated by the frozen Russian funds that it holds and will transfer the money to Ukraine. “In July 2024, Euroclear will make a first payment of €1.55 billion to the European Fund for Ukraine following the recent implementation of the EU regulation on the windfall contribution,” Euroclear said in a statement on Friday. It follows months of deliberations among ..read more

Austin Private Wealth has blamed a clerical error on the filing A Texas-based investment company has denied trying to short twelve million shares of Trump Media & Technology Group just before the failed assassination attempt on the US presidential candidate, claiming it was a clerical error. Short selling involves borrowing a security whose price the borrower thinks is going to fall and then selling it on the open market. One then buys the same stock back later, hopefully for a lower price than it was initially sold for, returns the borrowed stock to the broker, and pockets the difference ..read more

Animal feed is the natural starting point for the lab-grown meat market in the UK, the producer has claimed A British company has announced that it will begin selling artificial chicken to pet-food producers this year, making Britain the first country in Europe to commercialize ‘lab-grown’ meat. Owen Ensor, the CEO and co-founder of the start-up firm Meatly, said on Wednesday that the business has received approval for its products from the Animal and Plant Health Agency (APHA) and the Department for Environment, Food and Rural Affairs. Meatly was able to capitalize on a window of opportunity ..read more