Economy & Business
Estonia draws up plan to transfer frozen Russian money...
Estonia has developed a legal scheme to send frozen Russian assets to Ukraine, Postimees...
ECB pressures EU banks to speed up Russia exit
The European Central Bank has been pushing regional lenders to wind down operations...
Major recession imminent in West – HSBC
The US economy will enter a downturn later this year followed by countries in Western...
China decoupling would be suicidal for EU, Hungary warns
Scaling back ties with Beijing would be dangerous for the whole EU economy, according...
Russia ranked among world’s biggest food exporters – data
Russia has entered the world’s top 20 food-selling countries, the Agroexport center...
Another Russian oil shipment arrives in Pakistan – media
Russia continues to sell discounted crude to Pakistan as part of an energy deal...
‘Neutral’ Switzerland joins EU’s anti-Russia sanctions
The Swiss government has expanded sanctions on Moscow in lockstep with the EU Read...
Chinese tech stocks drop on US chip export crackdown rumors
China’s artificial intelligence stocks fall amid fears the US will further restrict...
Ukraine could become world’s first cashless economy – official...
Officials in Kiev are considering banning cash in an effort to tackle corruption,...
Russia to legalize cryptocurrency – official
Digital assets will become legal tender and may be used in foreign trade, a Russian...
Russia and Belarus complete integration of payment networks...
Moscow and Minsk have developed a joint payment ecosystem, says Belarusian ambassador...
Turkish lira hits all-time low
Türkiye’s central bank began rolling back some regulations, sending lira plummeting...
US prompting world to turn away from dollar – IMF official
Washington has created the conditions for global de-dollarization, Russian IMF representative...
Global oil demand will keep growing – OPEC
Oil will remain an integral part of the global energy mix in the coming years as...
Saudi Arabia set to cut oil supply to US – Bloomberg
An expected Saudi output cut would affect buyers in Western countries more than...
Germany’s recession will get worse – survey
The EU’s largest economy will continue to contract in 2023 with German industry...
