By Sarah El Safty CAIRO (Reuters) – Russia’s invasion of Ukraine has left Egypt’s wheat import prospects in turmoil, with two cargoes purchased by Egypt’s state buyer stuck at Ukrainian ports, other deliveries at risk, and prices soaring, traders say. However, Egypt’s reserves mean it is not in a rush to buy as it assesses …
Ukraine crisis throws Egypt’s wheat purchases into doubt Read More »
By Michael Holden, Andrew MacAskill and Andrius Sytas LONDON (Reuters) – Britain sanctioned two more Russians on Thursday – industrialist Alisher Usmanov and former deputy prime minister Igor Shuvalov – after criticism that it was taking too long to target people with links to Russian President Vladimir Putin. Usmanov – an Uzbekistan-born metals and telecoms …
UK sanctions Russians Usmanov and Shuvalov, ponders law change Read More »
MOSCOW (Reuters) – The Russian rouble slumped to new record lows against the dollar on Thursday though it closed the Moscow session little changed, after Fitch and Moody’s downgraded Russia’s sovereign debt to “junk” status, with steps by the central bank and finance ministry failing to halt its slide. Russia’s financial markets have been thrown …
Russian rouble hits new lows in volatile trading Read More »
MOSCOW (Reuters) – Russian energy company Gazprom on Thursday resumed westbound natural gas supplies via the Yamal-Europe pipeline to Germany from Poland, data from Gascade pipeline operator showed, with flows expected to continue until at least Friday morning. Early on Thursday, Gascade’s data showed the flow had stopped on the pipeline, which usually accounts for …
Gazprom resumes westbound gas flows via Yamal pipeline to Germany Read More »
(Reuters) – Travel booking software provider Sabre Corp said on Thursday it has terminated its distribution agreement with Aeroflot, hurting the Russian flag carrier’s ability to sell tickets. Spain’s Amadeus IT Group SA has also begun suspending distribution of the state-backed airline’s fares in its systems, and said it has stopped new commercial projects in …
Sabre, Amadeus pull Russia’s Aeroflot from ticket-booking systems Read More »
By Laura Sanicola and Arunima Kumar (Reuters) – Par Pacific Holdings Inc said on Thursday it would suspend the purchases of Russian crude oil for its Hawaii refinery, the first U.S. refiner to publicly refuse the country’s oil following a wave of sanctions imposed after Moscow’s invasion of Ukraine. The United States is open to …
First U.S. refiner suspends purchases of Russian crude for Hawaii refinery Read More »
LONDON (Reuters) – Britain has imposed sanctions on members of the Russian and Belarusian elite, including Russian President Vladimir Putin, and at least 12 banks and companies since Moscow launched an invasion of Ukraine. Ministers have spoken about targeting more than 100 individuals and entities, but have so far named only some of those while …
Factbox-Who is subject to British sanctions over Russian invasion of Ukraine? Read More »
LONDON (Reuters) – JPMorgan said on Thursday it expected Russia’s economy to contract 35% in the second quarter and 7% in 2022 with the economy suffering an economic output decline comparable to the 1998 crisis. “A peak-to trough decline in Russian GDP is now expected at around 12%, comparable to 1998 (~10%) and 2008 (~11%) …
JPMorgan: Shock to Russian GDP will be akin to 1998 crisis Read More »
BERLIN (Reuters) – The halt of the Nord Stream 2 gas pipeline, which was supposed to bring additional gas from Russia to Germany, came at exactly the right time, German Chancellor Olaf Scholz said on Thursday. Germany, which gets half its gas from Russia, had long supported the project, arguing it was primarily a commercial …
It was the right time to halt Nord Stream 2 -Germany’s Scholz Read More »
LONDON (Reuters) – The German government should stockpile palladium and minor metals such as vanadium and cobalt as part of its raw materials strategy to reduce reliance on countries such as Russia, the Association of German Metal Traders (VDM) said on Thursday. U.S. and European sanctions placed on Russia after it invaded Ukraine are disrupting …
Metal traders group urges Germany to stockpile cobalt, cut reliance on Russia Read More »
