Russian stocks tumble to their weakest level since 2017 amid reports of possible new sanctions - MarketWatch

The MOEX, a closely watched benchmark of Russian stocks, fell as much as 10% on Monday and was last down around 6% to 1,953.16, marking the weakest level since June 2017. Today’s drop the worst since Russia invaded Ukraine in late February.
#MarketWatch #Russian #Russia #News #Business #Markets

2 days ago

When EU embargo comes, where will Russia sell its crude oil?

Russia exports 20 million tonnes of crude per month - roughly five million barrels per day - via several routes, including the Druzhba pipeline to Europe and others to Asia. In august, Russia's total exports via European ports and a pipeline amounted to 12.05 million tonnes, of which around 5.5 million tonnes (1.3 million bpd) were shipped to countries that will stop importing Russian oil from Dec. 5.
#European #Russian #Russia #News #Business #Economy

4 days ago

Explainer: When EU embargo comes, where will Russia sell its crude oil?

Russia exports around 20 million tonnes of crude per month - roughly five million barrels per day - via several routes. In august, Russia's total exports via European ports and the Druzhba pipeline amounted to 12.05 million tonnes - of which around 5.5 million tonnes (1.3 million bpd) were shipped to countries that will stop importing Russian oil from Dec. 5. The united states and europe are also working on a price cap for Russian oil.
#Reuters #European #Russian #Russia #News #Business #Economy

5 days ago

India’s Russian Coal Imports Set To Stutter

India’s imports of Russian thermal coal look set to fall for the first time in four months. A second consultancy, DBX Commodities, told Reuters that Indian shipments of power generation fuel should drop from 1.9 million tonnes in August to 1.5 million tons in September.
#DBXCommodities #Russian #Indian #India #News #Business #Economy

5 days ago

Germany takes over Uniper for $8 billion amid Europe's energy crisis

The deal brings the total cash pumped into Germany's three biggest importers of Russian gas to at least $39.64 billion. It is the second move in a week by the government to take control of an energy business and is part of a wider european response.
#Russian #Germany #News #Business #Economy

1 weeks ago

Euro (EUR/USD) Wilts Again As Putin Ups Ante, Forcing Focus From Fed

The euro has returned to early September’s lows below parity with the US dollar on Wednesday. Putin announced a partial mobilization of the Russian army to include the conscription of certain reservists. The euro is expected to raise rates by a full percentage point.
#Putin #Fed #Russian #Euro #News #Business #Markets

1 weeks ago

European shares muted on Russian mobilisation, looming Fed decision By Reuters

A 0.7% decline in the rate-sensitive technology sector index was offset by gains in energy stocks and miners. The continent-wide index was 0.1% higher, bouncing back after hitting its lowest level since early July.
#Fed #European #Russian #News #Business #Markets

1 weeks ago

Russia to flood Asia with fuels as Europe ramps up sanctions: Report

The country is also considering raising taxes on the oil and gas sector to the tune of 3 trillion roubles ($50 billion) in 2023-2025 in order to plug the budget gap. The eu is set to bar most imports of Russian crude from December 5.
#Russian #News #Business #Economy

1 weeks ago

Russia may start targeting civilian satellites in space, because Starlink provided internet service in Ukraine- Technology News, Firstpost

Russian diplomat says civilian satellites may become a legitimate target for retaliation. He is the head of the Russian delegation to the United Nations office for disarmament affairs.
#Starlink #Russian #Russia #News #Technology #Internet

1 weeks ago

India gains big by importing Russian oil; Govt saves ₹35,000 cr due to discounts

The imports from Moscow at discounts, coupled with levying a windfall tax, helped India save 35,000 crore. India went on bargain hunting for Russian crude as the Ukraine conflict prompted Moscow’s traditional buyers to shun those barrels.
#HindustanTimes #Russian #Moscow #News #Business #Economy

1 weeks ago

Daniil Medvedev speaks extremely highly of Roger Federer

Medvedev and Federer clashed for the first time at the 2018 Shanghai Masters. The Swiss claimed a 6-4 4-6 6-4 victory over the Russian. He also defeated Medvdev in Basel (2018) and the Miami Masters (2019)
#Medvedev #ShanghaiMasters #Swiss #Basel #News #Sports #Tennis

1 weeks ago

Russia says private satellites are 'legitimate target' in wartime

Russian delegation made provocative statements at a meeting of the united nations' open-ended working group on reducing space threats. The comments come after its ongoing invasion of Ukraine prompted Elon Musk's SpaceX to send multiple shipments of Starlink terminals to Ukraine to boost internet coverage and connectivity.
#ElonMusk #SpaceX #Russian #Russia #News #Science #OuterSpace

1 weeks ago

India Not G7 Member, Our Crude Oil Procurement from Russia Not Under Govt-to-govt Framework: Delhi

India said crude purchases are based on the country’s energy security needs. Foreign secretary Vinay Kwatra said India’s procurement of Russian crude oil is not under any government-to-government framework. The move was initiated by the G7 countries to choke Moscow’s oil revenue.
#VinayKwatra #Russian #India #News #Business #Economy

1 weeks ago

EU plans 'comprehensive reform' of electricity market, Energy News, ET EnergyWorld

The measures include a cap on electricity producers' profits that would raise 140 billion euros ($140 billion) and cushion consumers from high prices. The measures were in response to soaring energy costs as Europe unhitches its decades-long dependency on Russian fossil fuels.
#EnergyNews #Russian #Europe #News #Business #Markets

2 weeks ago

Putin wishes King Charles 'success, good health and all the best'

Russian president Vladimir Putin has congratulated the new monarch on the accession to the throne. He is formally proclaimed Britain's new monarch, following the death of queen Elizabeth II.
#VladimirPutin #Reuters #Russian #Britain #News #Entertainment #Music

2 weeks ago

EU countries seek emergency solution to soaring energy bills

A price cap on Russian gas, windfall levy on non-gas power plants, and emergency credit lines for power firms facing soaring collateral requirements are among the proposals under discussion. A cap on only Russian gas won't bring prices down, the energy minister says. The proposal would cap at 200 euros ($199.86) per megawatt hour.
#Russian #News #Business #Economy

2 weeks ago

Investing in uranium stocks: ETFs that are beating the energy market

Uranium is in the spotlight as countries scramble to wean themselves off Russian energy following the Ukraine war. The global X Uranium ETF rose around 10% in august, and on Tuesday alone it bounced over 5%. Analysts think it can go higher These funds have convincingly beaten its peers this year.
#Russian #Ukraine #News #Business #Markets

2 weeks ago

FM Sitharaman lauds PM's decision to ramp up Russian oil imports to manage inflation

Finance minister lauded pm's decision to boost import of crude oil from Russia. Sitharaman said it was not in India's interests to increase its energy imports. He said he respects the prime minister for his courage on this.
#FMSitharaman #Russian #Russia #News #Business #Economy

3 weeks ago

Russia gas price cap political agenda, no focus on EU energy crisis: Prague

The Czech Republic wants to remove capping Russian gas prices from the agenda of this week's meeting of the (EU) member states' energy ministers. The minister said setting a limit on prices will not help through the ongoing energy crisis. He said the country would prefer a model that would separate the gas market from electricity prices.
#Russian #CzechRepublic #News #Business #Markets

3 weeks ago

Europe: Oil prices rise on spectre of Europe energy rationing - The Economic Times

Crude futures rose by 25 cents or 0.3 per cent to $88.25 per barrel by 0033 GMT. Prices drew some support from president Vladimir Putin. The eu proposed capping Russian gas prices only hours later.
#VladimirPutin #Russian #News #Business #Markets

3 weeks ago