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...
Euro zone March factory growth slumped, downturn possible – PMI
Euro zone manufacturing growth slowed sharply last month as Russia's invasion of Ukraine tightened supply chain bottlenecks, dampened demand and whacked confidence, a survey showed as soaring energy costs drove a broader surge in prices.
Europe signals unity against Russian gas payment demands
Europe vowed to stay united against Russia's demand that they pay for its gas in roubles, as the threat of an imminent supply halt eased on Friday.