Author: Steven Sahiounie

Kiev cited the destruction of the country’s energy infrastructure as the main reason behind the decisionUkraine will raise transit fees for Russian oil running via the Druzhba pipeline through its territory to the EU on January 1, Russian oil exporter Transneft announced on its website on Monday.It is expected that Kiev will increase tariffs for transporting crude to Hungary and Slovakia by €2.10 per ton to €13.60 ($13.90), bringing the total hike to 18.3%.In November, Bloomberg reported that Ukraine was mulling a tariff hike on Russian oil transit starting next year, citing a letter from Ukrtransnafta, the operator of Ukraine’s…

The Kirinskoye deposit in Russia’s Far East has reached a production rate of 9.3 million cubic meters per day, according to the companyRussian energy giant Gazprom has boosted production levels to record highs at one of the largest gas condensate fields on the Sakhalin Shelf, the company reported on Monday.   The Kirinskoye field in the Sea of Okhotsk was launched nine years ago and is Russia’s first gas deposit to utilize an underwater complex for production.   Daily output reached record levels of nearly 9.3 million cubic meters (mcm) of gas in October, according to the head of the Gazprom subsidiary…

Cooperation between Tehran and the Eurasian Economic Union has accelerated since the start of 2022Iran will sign a free-trade agreement with the Eurasian Economic Union (EEU) on January 18, a spokesman for the country’s Industry Ministry, Omid Ghalibaf, announced on Tuesday.The EEU, which is based on the Customs Union of Russia, Kazakhstan, and Belarus, was established in 2015. It was later joined by Armenia and Kyrgyzstan. In 2016, Vietnam officially became the first non-regional country to become a free-trade partner of the bloc. The union is designed to ensure the free movement of goods, services, capital, and workers between member…

The central bank has proposed giving banks more time to create reserves in the event the funds are irretrievableThe Central Bank of Russia stated on Tuesday that it considers the chances of Western countries returning Russian assets frozen by sanctions “extremely low.” This is despite the fact that legally they haven’t been confiscated, the regulator pointed out.A portion of the assets of Russian banks have been completely blocked. This mainly affected claims on counterparties from the so-called “unfriendly” states and payments on bonds that were stuck in the international clearing systems Euroclear and Clearstream.A number of banks also had their…

The move is in response to a Western coalition price limit on Russia’s seaborne oil exportsPresident Vladimir Putin on Tuesday signed a decree on retaliatory measures to the West’s price cap on Russian oil exports. It comes in response to the measure from the EU, G7 countries, and Australia, which took effect earlier this month.The presidential decree bans the supply of oil and petroleum products from Russia to countries which apply a price cap in contracts. It also prohibits deliveries if the contracts directly or indirectly specify the cap.According to the decree, which was published on the government’s website for…

Traders withdrew US$6 billion in three days from Binance, according to the world’s largest cryptocurrency exchange, as it assured investors who have been spooked by FTX’s collapse that it has enough capital to sustain its operations. The mass withdrawals from December 12 to 14 were all honoured, Binance said in a Chinese-language blog post on its website, which maintained that its financial situation is sound and that it is not facing any liquidity crisis, without divulging the amount of capital it has. The statement was the first acknowledgement by Binance in the face of mass withdrawals following the November 11 bankruptcy of its smaller rival…

Significant cryptocurrency price is seeing a slight jump despite the ongoing market scenario, as Polygon, Shiba Inu, Bitcoin trades in green.Cryptocurrency Price Today: The morning following Christmas sees a mixed market reaction, as some significant crypto are trading in green whereas other coins plunge.Polygon is up by 0.79% in the last 24 hours. Shiba Inu increases by 0.20%. Bitcoin rises by 0.30%. PancakeSwap dips by 0.88%.Terra Classic jumps by 3.29%. Ethereum hikes 0.19%. XRP surges by 0.24%.Dogecoin dips by 1.28%. FTX Token is down by 1.12%. Solana drops by 0.65%.The global crypto market cap sees an increase of 0.22% compared to the previous day and stands at…

Inclusive business is a conscious decision by a commercially viable enterprise to accommodate the poor, vulnerable and economically disadvantaged in an organisation’s value chain. As organisations struggle to get a fair share of the market to remain afloat, doing so could be a difficult task. We have seen businesses strive to make profit and influence consumption patterns in their sector to their benefit. Meanwhile, these businesses could do so by making an impact for the common good of society, hence a case for inclusive business.The business model must cater for the needs of those at the base of the pyramid.…

However, if you have invested in this token, this is not a day for you. PancakeSwap dips by 0.88% in the last 24 hours. The market cap is presently at 546.856 million USD. Trading volume hikes by 47.35%. Each CAKE token is selling for 3.34 USD.Inclusive business is a conscious decision by a commercially viable enterprise to accommodate the poor, vulnerable and economically disadvantaged in an organisation’s value chain. As organisations struggle to get a fair share of the market to remain afloat, doing so could be a difficult task. We have seen businesses strive to make profit and influence…

Bitcoin remains the most-searched cryptocurrency in 2022 by far thanks to its top-brand status and being in a league of its own when it comes to decentralization.Cryptocurrencies have suffered immensely in 2022 from the onslaught of a hawkish Federal Reserve and the implosions of crypto platforms FTX, Terra, Celsius Network, and others.What were the most-searched cryptocurrencies in 2022?Notably, the market valuation of all the cryptocurrencies combined has dropped 70% year-to-date (YTD) to nearly $770 billion, signifying massive capitulations by traders and investors alike.The waning demand has also pushed the internet requests fo6r the keyword “buy cryptocurrency” to their lowest since February 2020, according to Google…