Author: Steven Sahiounie

The Russian Central Bank decided, during its meeting of its board of directors today, Friday, to maintain the main interest rate at its current level at 7.5%, for the fifth time in a row. The Russian Central Bank said in a statement posted on its channel on the “Telegram” application after the meeting: “The Russian regulator maintained, for the fifth time in a row, the main interest rate at 7.5% annually.” The central bank lowered its inflation forecast for 2023 to 4.5%-6.5%, instead of the 5%-7% it had expected. The Russian Central Bank has improved its forecast for the dynamics…

Four oil tanks damaged, others isolated The fire that broke out at the Sevastopol oil storage facility after a Ukrainian drone attack was contained, Sevastopol Governor Mikhail Razvozhayev said on Saturday. “The fire has been actually localized by now,” the governor said. Four oil tanks were damaged in the attack by Ukrainian drones, Razvozhayev said. “Four oil tanks struck in two sectors have now actually burnt out and the fire currently engulfs what was spilled in the concrete-made storage tank,” the governor said. The remaining oil tanks have been isolated from the fire, he specified. The Sevastopol governor said earlier…

Moscow deems the Polish authorities’ intrusion as a violation of the 1961 Vienna convention, Russia’s Foreign Ministry says The Polish authorities’ intrusion into the Russian embassy’s school in Warsaw won’t be left without Moscow’s firm response and consequences for Poland, Russia’s Foreign Ministry said in a statement on Saturday. “Such a brazen step by Warsaw that goes beyond civilized inter-state relations won’t be left without our firm response and consequences for the Polish authorities and Poland’s interests in Russia. The initiators of such contradictory and inflammatory ideas must be aware of that,” the ministry said in the wake of the…

Early on April 29, three civilians were wounded when a series of Israeli strikes hit the outskirts of the Syrian city of Homs. Citing a military official, the Syrian Arab News Agency (SANA) said that a civilian fuel station caught fire as a result of the strike. A number of fuel tankers and trucks were also burned. “At around 00:50 [21:50 GMT]…the Israeli enemy carried out an air attack with a number of missiles, from the direction of north Lebanon, targeting several positions in the outskirts of the city of Homs,” SANA reported The state-run news agency added that Syrian…

The Russian currency, the ruble, jumped against the European and American currencies, in trading today, Friday, after the decision of the Russian Central Bank to keep the main interest rate at its current level. And by 16:02 Moscow time, the euro exchange rate fell below the level of 88 rubles, for the first time since April 6, to 87.19 rubles, a decrease of 2.53 rubles (rule = 100 kopecks) from the previous closing price. While the dollar exchange rate fell below the level of 80 rubles, also for the first time since the same date (April 6, 2023) to 79.21…

The Iraqi Ministry of Oil announced the total oil exports and revenues for the month of March. According to the final statistics issued by the Iraqi Oil Marketing Company (SOMO), the amount of exports of crude oil amounted to 100 million and 913 thousand and 27 barrels, with revenues amounting to 7 billion and 506 million and 401) thousand dollars. The statistic indicated that the total exported quantities of crude oil for the month of March from the oil fields in central and southern Iraq amounted to 98,875,692 barrels, while the quantities exported from Kirkuk oil through the port of…

Oil prices rose, in trading today, Friday, after a wave of decline driven by fears of an economic recession, which will affect the demand for crude. By 09:26 Moscow time, US West Texas Intermediate crude contracts were trading at $75.17 a barrel, an increase of 0.55% from the previous closing price. Brent crude futures traded at $78.88 a barrel, an increase of 0.65% from the previous settlement price, according to Bloomberg data. Despite the rise, the global benchmark “Brent” and the American mix are heading to record weekly losses of more than 3.5%. This article was originally published by RT.

Iranian President Ebrahim Raisi said that economic exchange with Arab countries has increased between 4 and 5 times. In a press statement he made on Friday evening at the end of his visit to Khuzestan Province, southwestern Iran, Raisi considered it necessary to revitalize the tourism and agricultural economy in Khuzestan and continued: “Economic exchanges with Arab countries have increased from four to five times, and Khuzestan has the necessary capacity to develop trade.” foreign relations with the Arab countries in the Gulf. He said: The “Shalamcheh-Basra” railway line is a long-term desire of the people of Khuzestan and Iraq,…

The share price of the American First Republic Bank recorded a new low on the New York Stock Exchange, while rumors multiplied about a strategy or plan to rescue it that has not yet been realized. At the end of yesterday’s Friday session, the share price of the bank, which was the fourteenth largest among the largest US banks in terms of assets in 2022, fell by 43 percent on Wall Street and reached $ 3.51 after it suspended its trading several times during the session due to large fluctuations. Thus, the value of the bank is estimated at $654…

Russia has become India’s fifth largest trading partner over the past year, RIA Novosti reported on Thursday, citing calculations based on data from the Indian Ministry of Commerce and Industry. According to the report, Russia exported $41.6 billion worth of goods to India in the fiscal year beginning in April 2022 and ending in March 2023. The figure is more than four times the record set in the previous fiscal year. Trade turnover between the two countries reached $44.4 billion in the reporting period, with India shipping $2.8 billion worth of goods to Russia. Among India’s other major trading partners…