Central Asian migrants eye Russia exit amid economic pain

Weeks after returning from Russia amid sanctions triggered by Moscow’s invasion of Ukraine, Emomali Safarov has swapped construction tools for a video camera and his old low-paid journalism job in Tajikistan’s capital Dushanbe.
31 March 2022, 18:00 PM

Sri Lanka runs out of diesel

Diesel was no longer on sale across Sri Lanka on Thursday, crippling transport as the crisis-hit country’s 22 million people endure record-long power blackouts.
31 March 2022, 18:00 PM

Opec+ sticks to modest oil output increase

The OPEC group of oil producing countries and its Russia-led allies agreed on another modest oil output increase on Thursday, ignoring Western pressure to significantly boost production as the Ukraine conflict has rocked prices.
31 March 2022, 18:00 PM

Oil rebounds on tight supply

Oil prices clawed back heavy losses to rise more than 2 per cent on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as signs of progress emerged from peace talks between Moscow and Kyiv.
30 March 2022, 18:00 PM

Find roubles if you want Russian oil

Russia’s top lawmaker warned the European Union on Wednesday that if it wanted Russian natural gas then it would have to pay in roubles, and cautioned that oil, grain, metals, fertiliser, coal and timber exports could also soon be priced the same way.
30 March 2022, 18:00 PM

After bombarded with sanctions, Russia says future exports could be in roubles

The Kremlin indicated on Wednesday that all of Russia's energy and commodity exports could be priced in roubles, toughening President Vladimir Putin's attempt to make the West feel the pain of the sanctions it imposed for the invasion of Ukraine.
30 March 2022, 13:47 PM

Russia insists on rouble payments for gas

Russia reiterated Tuesday that it will only be accepting payment for gas deliveries to the EU in roubles after G7 ministers called this arrangement  “unacceptable”.
29 March 2022, 18:00 PM

Rouble hits one-month high against dollar

The Russian rouble strengthened to a more than one-month high in Moscow trade on Tuesday, firming past 88 to the dollar, while stocks regained some ground in the fourth session since trading resumed after a near month-long suspension.
29 March 2022, 18:00 PM

As Ukraine sowing season starts, fuel crisis threatens food supply

In an endless field in southwest Ukraine, farmers began to plant sunflower seeds at the start of the sowing season, but a fuel shortage threatens production in the war-torn country, whose land feeds millions around the world.
29 March 2022, 18:00 PM

UAE, Saudi say Opec+ should not play politics

The energy ministers of Saudia Arabia and the United Arab Emirates, key members of Opec+, said on Tuesday the producers’ group should not engage in politics as pressure mounted on them to take action against Russia over its invasion of Ukraine.
29 March 2022, 18:00 PM

Russian supply chains next in line for sanctions

The United States and its allies plan new sanctions on more sectors of Russia’s economy that are critical to sustaining its invasion of Ukraine, including supply chains, Deputy US Treasury Secretary Wally Adeyemo said on Tuesday.
29 March 2022, 18:00 PM

Shanghai lockdown to raise transport costs: Maersk

Danish shipper Maersk said the Shanghai lockdown will severely hurt trucking services and increase transport costs, as China’s intensifying efforts to fight the spread of Covid-19 further rattles global supply chains.
29 March 2022, 18:00 PM

Buoyant bitcoin helps market cruise past $2t

As a bleak first quarter draws to a close, crypto seems to have the wind in its sails. It has pushed through the $2 trillion barrier and is proving surprisingly resilient amid global chaos.
29 March 2022, 18:00 PM

Japan to ban Russia-bound exports of luxury cars, goods

Japan will ban the export of high-end cars and other luxury goods to Russia in its latest response to the Russian invasion of Ukraine, the trade ministry said on Tuesday.
29 March 2022, 18:00 PM

Sinopec plans its biggest capital expenditure in history

China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a decade, echoing Beijing’s call for energy companies to raise production.
28 March 2022, 18:00 PM

Foreign cash fleeing China adds insult to injury

Beijing’s close ties with Moscow may be rattling foreign investors. A study by the Institute of International Finance found that China has been experiencing “unprecedented” capital flight since Russia invaded Ukraine.
28 March 2022, 18:00 PM

Gazprom wants gas payments in euros from India’s GAIL

Gazprom has asked India’s largest gas transmitter GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the US currency in the wake of the Ukraine conflict.
28 March 2022, 18:00 PM

Sri Lanka seeks further $1b credit line from India

Sri Lanka has sought an additional credit line of $1 billion from India to import essentials amid its worst economic crisis in decades, two sources said on Monday, as the Indian foreign minister began talks with the government of its neighbour.
28 March 2022, 18:00 PM

Ukraine exports first grain by train to Europe

Traders have exported the first supplies of Ukrainian corn to Europe by train as the country’s sea ports remain blocked due to the Russian invasion, APK-Inform agriculture consultancy said on Sunday.
27 March 2022, 18:00 PM

India leans toward continued import

India is leaning toward continuing to import coking coal from Russia, the steel minister said on Sunday, seeming to buck a global trend to shun Moscow over its invasion of Ukraine.
27 March 2022, 18:00 PM