Economy / Europe

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West closer to tapping $300bn in frozen Russian assets – US 

West closer to tapping $300bn in frozen Russian assets...

The US and its allies could give Ukraine a loan and repay it using profits from...

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German military giant to build ammunition plant in Baltic state

German military giant to build ammunition plant in Baltic...

Rheinmetall has been seeking to expand production to meet a surge in shell demand...

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Japanese car makers falsified safety test results

Japanese car makers falsified safety test results

Japanese car makers Toyota, Mazda, Honda, and Suzuki have been found to have committed...

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Delegates from over 130 countries to attend St Petersburg Economic Forum – Kremlin aide

Delegates from over 130 countries to attend St Petersburg...

Russia’s marquee annual event SPIEF is set to bring together thousands of participants...

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Turkish exports to Israel plunge 99% – data

Turkish exports to Israel plunge 99% – data

Türkiye has suspended all trade with Israel in response to its offensive in Gaza,...

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Russia and China ‘close’ to replacing SWIFT — business regulator

Russia and China ‘close’ to replacing SWIFT — business...

Western restrictions have forced Moscow and Beijing to actively promote their own...

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Oil prices nosedive on signs of oversupply

Oil prices nosedive on signs of oversupply

Global benchmark Brent has dropped to below $80 on Monday for the first time since...

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EU eyes stronger tariffs on Russia – FT

EU eyes stronger tariffs on Russia – FT

An EU plan to target $46 billion worth of Russian imports could cover food, medicines,...

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West eyeing ‘Russian SWIFT’ as sanctions target – Bloomberg

West eyeing ‘Russian SWIFT’ as sanctions target – Bloomberg

The G7 and EU are studying ways to sanction lenders using the Bank of Russia’s financial...

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Macron pressed Canada to ease Russia sanctions – Reuters

Macron pressed Canada to ease Russia sanctions – Reuters

The French leader reportedly asked the Canadian PM to allow Airbus to use Russian-produced...

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EU hikes tariffs on Russian and Belarusian grain 

EU hikes tariffs on Russian and Belarusian grain 

EU ministers have agreed to introduce “prohibitive” tariffs on grain imports from...

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IMF warns Europe over energy security

IMF warns Europe over energy security

The Ukraine conflict and sanctions on Russia are threatening Europe’s energy security...

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Here’s why America’s usual approach isn’t working in Ukraine

Here’s why America’s usual approach isn’t working in Ukraine

In a nation dominated by Wall Street, the strategy employed for combatting financial...

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Sanctions on Russia ineffective, says Dubai trade-hub chief

Sanctions on Russia ineffective, says Dubai trade-hub chief

Western restrictions have made trade more complex but are largely ineffective, according...

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Western firms ‘backtracking’ on Russia exit plans – FT

Western firms ‘backtracking’ on Russia exit plans – FT

More than half of the foreign firms that pledged to leave Russia have remained in...

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EU facing cod shortage due to Russia sanctions – industry leaders

EU facing cod shortage due to Russia sanctions – industry...

The EU is facing a shortage of cod due to declining stocks and to trade restrictions,...