World news
Iran sharply reduces oil prices, competes with Russia to sell to China
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Iran has sharply reduced its already cheap crude oil prices to sell to China in the context of Russia becoming the leading supplier to Beijing.
Forecast of when Russian gas delivered to the EU will drop to a record level
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The International Energy Agency (IEA) forecasts that Russian gas deliveries to the European Union (EU) will fall by more than half in 2025.
Japan affirms it will not give up its interests in oil and gas projects with Russia
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Japan has asked Russia to " Speak more clearly" about the recent decree regarding the Sakhalin-2 oil and gas project, Foreign Minister Yoshimasa Hayashi said at a press conference on July 5.
Germany predicts unwanted prospects in the EU when cutting off Russian gas
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The EU may disagree on gas distribution, amid a growing shortage, the leader of Germany's Christian Democratic Union (CDU) warned earlier this week.
Finland, Sweden officially begin NATO membership process
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The process of ratifying Finland and Sweden to join NATO officially kicked off on July 5.
The Russian House of Representatives passed a bill to close Western media
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The Russian House of Representatives on May 24 passed a bill granting the Russian Prosecutor General's Office the right to revoke the registration of foreign mass media.
US blocks "last door" to pay off Russia's foreign debt
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The US ends the exemption for Russia to pay foreign debt using funds in Russia, the US Treasury Department announced on May 24.
EU explains surprising reasons for still buying Russian oil
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The EU has so far continued to buy Russian oil despite its intention to ban imports of the item.
The left side of the strong Russian ruble
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A strong Russian ruble could negatively affect other sectors of the economy.
US gasoline prices hit a new peak
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Retail gasoline prices in the US set a new record - the national average price reached 4.598 USD/gallon, or about 1.20 USD/liter.
Ukrainian war: Russia tries to surround Severodonetsk
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Russia has stepped up attacks in Ukraine's Donbass region in recent weeks, with fierce fighting around the city of Severodonetsk, located between Donetsk and Lugansk. Severodonetsk is the hottest spot in the Russia-Ukraine conflict at the moment.
Russian ruble rises to highest level against euro in nearly 7 years
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The Russian ruble rose more than 6% against the euro on May 23, its highest level in nearly seven years. This development of the Russian currency is being driven by capital control measures, high oil prices and the upcoming tax period at the end of the month.
Baltic countries completely abandon Russia's electricity
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The Baltic states litva (Lithuania), Latvia and Estonia have decided to completely stop importing electricity from Russia.
Norway responds to Poland's request to share profits from oil and gas
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Norway has said it will not abandon Poland's request to share the increased daily profits from oil and gas trade with Warsaw or Kiev.
Russia speaks out about exchanging Ukrainian prisoners
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Russia affirmed that the exchange of Azov Battalion soldiers with the leader of the Ukrainian opposition Medvedchuk is an issue that cannot be discussed.
Former Austrian Foreign Minister Leaving Russian Oil and Gas Company
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Russian oil and gas company Rosneft announced that Ms. Karin Kneissl, former Foreign Minister of Austria, has resigned from the board of directors.
France: There is no such thing as Ukraine joining the EU quickly
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Ukraine's entry into the EU could take between 15 and 20 years, according to France's Minister for European Affairs.
Russia cuts power to another EU country
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Russia has stopped supplying electricity to Lithuania (Litvia) - an EU country - due to its inability to pay.
Revealing the possibility of exchanging prisoners of the Azov Battalion with pro-Russian tycoons
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Russia may consider exchanging the prisoners of the Ukrainian Azov Battalion for Viktor Medvedchuk - a pro-Russian Ukrainian politician and actor.
China's economic growth is expected to fall behind the US for the first time in decades
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China's economic growth is forecast to fall behind the US this year due to the impact of prolonged COVID-19.
