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Russia increases its emergency spending fund by $3.5 billion
The Russian government said on Sunday it has increased its reserve fund used for emergency spending by 273.4 billion roubles ($3.52 billion) to ensure economic stability against the backdrop of Western sanctions over Ukraine.
European Union slashes 10% of Russian imports with new sweeping sanctions
The European Union on Friday formally adopted new sweeping sanctions against Russia, including bans on the import of coal, wood, chemicals and other products which were estimated to slash at least 10% of total imports from Moscow.
Clock ticks down towards a Russian default
Russia could face its first sovereign external default in over a century after it made arrangements to make an international bond repayment in roubles earlier this week, even though the payment was due in U.S. dollars.
Italian Exhibition Group: A Sunny result for the first edition of sec the photovoltaic event
The first edition of SEC - Solar Exhibition and Conference by Key Energy, Italian Exhibition Group's “vertical” solar and photovoltaic event, closed successfully today at Rimini Expo Centre . Three days of technological showcasing one of the most central sectors for energy transition and, therefore, for the global economy, at a time when international tensions on energy supplies are so much in the public eye.
Surging prices nudge Asia’s reluctant central bank hawks off the sidelines
Some Asian central banks are shaking off their long-held reluctance to follow their global peers in lifting benchmark interest rates off historic lows, as the Ukraine war blows consumer prices well out of policymakers' comfort zones.