Lost Russian oil revenue is bonanza for shippers, refiners
Western sanctions on Russia have significantly reduced state oil revenues and diverted tens of billions of dollars towards shipping and refining firms, some with Russian connections.
Is the Russia-Ukraine conflict having an effect on the global economy?
The conflict between Russia and Ukraine has now become a worldwide economic issue. It is not only causing economic instability in Russia, but the ramifications are also threatening the world economy, causing financial markets to tremble and making life more dangerous for everyone from Uzbek migrant workers to European customers to hungry Yemeni families. Russia […]
Russia to temporarily ban foreigners from selling assets
Russia will temporarily stop foreign investors from selling Russian assets to ensure they take a considered decision, not one driven by political pressure, the prime minister said on Tuesday, as Moscow responds to intensifying Western sanctions.
