Author: Steven Sahiounie

Russia’s First Deputy Minister of Energy Pavel Sorokin said earlier that Russia may reduce oil refining in 2024, but due to these volumes, oil supplies for export will increase

Skyrocketing energy prices sent real wages plummeting in 2022 more than in any year since 1950, new research has shown.

Russian fast-food chain Vkusno i Tochka, which replaced McDonald’s after the US company left the country due to sanctions, more than doubled its revenues last year, according to an earnings report cited by Interfax.

Doing business in the sanctioned country poses a reputational risk, the European Central Bank has warned

Azerbaijan is a flourishing market and is not re-exporting vehicles to the sanctioned country, a British motoring group has claimed

The European Parliament has extended the suspension of all tariffs and quotas on Ukrainian agricultural food imports to the EU until June 2025, it announced on Wednesday.

The divestment is reportedly expected to boost the balance sheet of the crisis-hit aerospace multinational

Russia will respond to Moldova’s decision to declare as persona non grata an employee of the Russian embassy due to the holding of the Russian presidential election in unrecognized Transnistria, the Foreign Ministry has told TASS. “Russia will give an appropriate response,” the Foreign Ministry said. On Tuesday, Russia’s ambassador Oleg Vasnetsov was summoned to the Moldovan Foreign Ministry. “A protest was expressed in connection with the organization of the Russian presidential election in the Transnistrian region of Moldova, contrary to the position of the Moldovan authorities,” the Moldovan Foreign Ministry said. This year, Moldova banned the organization of elections…

The United States said Tuesday that Israel should let the head of the UN agency for Palestinian refugees UNRWA into Gaza, after he was denied entry.“Our belief is that they should be able to visit UNRWA’s field of operation, including in Gaza, and we’re going to continue to work with the government of Israel to rapidly approve all requested visas for UN and NGO workers,” State Department spokesman Vedant Patel told reporters.UNRWA chief Philippe Lazzarini said Monday in Cairo that he had intended to go into the southern Gaza city of Rafah, but that he was denied entry by Israel.Israel…

The secretary-general of the Gulf Cooperation Council, Jasem Albudaiwi, held a series of meetings with EU officials in Belgium on Tuesday about ways to strengthen Gulf-European relations and cooperation in efforts to address regional issues. During a session at the EU headquarters in Brussels with members of the EU Political and Security Committee, including its chairperson Delphine Pronk, Albudaiwi reviewed the strength and depth of the cooperation between the GCC and the EU at all levels. “He stressed the great importance that the two sides attach to moving forward toward coordination in many security files, particularly ongoing commercial, economic and…