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Putin battles population decline with $16k to mothers with 10 kids
The Russian government announced this week it is bringing back a Soviet-era honorary title and financial reward bestowed upon Russian women who have 10 or more children. In a decree this week that Russian President Vladimir Putin signed, it was…
India pointed as Russia sneaks oil export into US
The US has raised concerns that India hid the origin of Russian oil shipped to New York, a top Indian central banker said. Speaking at a recent event in Bhubaneswar, India, Michael Patra, the deputy governor heading monetary policy at…
Nord Stream 1: Russia goads Europe with high gas prices
Sopuruchi Onwuka International prices for natural gas surfs highest levels in the energy market as Europe remains in limbo over its gas supply deals with highly isolated and angry Russia which is strongly asserting its status as a world economic…
Russian officials gloat over Boris Johnson’s crash
Russian politicians lined up to celebrate the downfall of Boris Johnson on Thursday, casting the British leader as a “stupid clown” who had finally got his just reward for arming Ukraine against Russia. Johnson, the face of the 2016 Brexit…
How Asian customers win the oil game prize
Russia, Saudi Arabia, EU are losers Sopuruchi Onwuka Asian countries, mainly India and China, have become the prize winners in the ongoing trade sanction spat between the industrialized economies of Europe and world’s third biggest oil producer and war monger,…
Russia unleashes deadlier weapons against Ukraine
Ukrainian and British officials warned Saturday that Russian forces are relying on weapons able to cause mass casualties as they try to make headway in capturing eastern Ukraine and fierce, prolonged fighting depletes resources on both sides. Russian bombers have…
Russia sets up company to sell Ukraine’s grain
Russian-installed officials in Ukraine’s southern Zaporizhzhia region have set up a company to buy up local grain and resell it on Moscow’s behalf, a local representative told the Interfax news agency on Saturday. Yevgeny Balitsky, the head of Zaporizhzhia’s pro-Russian…
Why OPEC+’s quota boost has no pull on prices
Sopuruchi Onwuka The decision by world petroleum market factor, the Organization of Petroleum Exporting Countries (OPEC) to boost nominal production by 648,000 barrels per day addressed the concerns of industrial economies but failed to shot down prices. Market sources on…
Russia seeks new buyers after EU sanctions to cut oil imports
The government of Vladimir Putin of Russia has declared intention to divert its crude oil shipments to other countries after major customers in the European Union voted to drastically cut imports from the country. Russia is also cutting off more…
Ukraine War: Russian gas may permanently cede global market niche
Sopuruchi Onwuka Russia will likely be shut out permanently from global energy markets once Europe can operate without the country’s oil and gas, and Australian gas liquefaction and export industry is taking position to fill gaps in countries switching supplies…
