Breaking ranks with EU, Hungary says ready to pay for Russian gas in roubles
Hungary said on Wednesday it was prepared to pay roubles for Russian gas, breaking ranks with the European Union which has sought a united front in opposing Moscow's demand for payment in the currency.
Russia hit with new round of U.S. sanctions as Biden decries ‘major war crimes’
The United States targeted Russian banks and elites with a new round of sanctions on Wednesday, including banning Americans from investing in Russia, in response to what President Joe Biden condemned as "major war crimes" by Russian forces in Ukraine.
Kremlin warns West: rouble-for-gas scheme is the ‘prototype’
President Vladimir Putin's rouble payment scheme for natural gas is the prototype that the world's largest country will extend to other major exports because the West has sealed the decline of the U.S. dollar by freezing Russian assets, the Kremlin said.
Deutsche Bank: Inflation could be hard to stop
An inflationary wave unleashed by the war in Ukraine and the response to COVID may be hard to stop because of an energy price shock, sanctions that are exacerbating supply chain problems and labour shortages, Deoktsche Bank Wealth Management said.
Eurostat – Soaring imports deepen EU’s China trade deficit
The European Union's trade deficit with China grew by over a third last year, the bloc's statistics office said on Friday, as it took...