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The IMF warns EU countries on deficits, debt ratios The International Monetary Fund (IMF) has warned European Union countries about their fiscal deficits and debt ratios. In a report released on Tuesday, the IMF said that while the EU’s overall fiscal deficit is projected to decline this year, it will still be above the bloc’s […]
Protests in Prague, Building Pressure on Czech Govt to Control Soaring Energy Prices It is estimated that 70,000 people protested in Prague against the Czech government on Saturday, calling for ruling coalitions to do more to control the energy prices that surged and voiced opposition to the European Union and NATO. The organizer of protests […]
Kremlin said on Friday that Russia would stop selling oil to countries that set price caps on Russian energy resources – the caps which, according to Moscow, would cause significant destabilization of the world oil market. The Russian Tass News Agency quoted Deputy Prime Minister Alexander Novak as saying on Thursday that Russia would suspend […]
Zelenskiy blames Russia since Europe calculates the cost of the gas crisis The president of Ukraine, Volodymyr Zelenskiy, accused Russia of economic terrorism on Monday while the cost of the European energy crisis disturbed Germany on the hook for at least 19 billion euros to replenish its biggest importer of Russian gas. An increase in […]
Ukraine and Russia sign a grain export deal on Friday with United Nations and Turkey. The agreements have cleared the way for desperately needed Ukrainian grain exports, Russian grain, and fertilizers as well. These deals have ended threats to food security around the world. The plan of the United Nations will enable Ukraine to export […]
Another shock is ready for European markets as Kazakh oil supply is on the way to closure for Europe. This decision has taken by the Russian court to close the Black Sea export route that passes most of the Kazakh oil to Europe. The decision to ban Kazak oil supply will make things more complicated […]
Olaf Scholz-German Chancellor promised on Wednesday that Germany will continue support for Ukraine in the Russian war including weapons. Scholz said in parliament ahead of an upcoming summit with the European Union, G7, and NATO in the Bundestag in Berlin that, “Ukraine is getting all those weapons that Ukraine needs in the current phase of […]
Russia has become the largest oil supplier to China China imported a record quantity of Russian crude oil in May as Chinese buyers took advantage of the discounted price. All this happened because Beijing promised normal economic relations with Moscow. Chinese customs data released a report on Friday that China imported 55% more oil year-on-year […]