According to Bloomberg’s assessment, foreign state-owned companies — above all from China and Russia — now appear to be among the most exposed if Venezuela’s oil agreements are revised or rewritten.
According to Bloomberg, pricing has been the decisive factor behind the sharp rise in shipments.
Most economists surveyed by the agency believe the rate will be lowered by 50 basis points to 16% on Friday.
The main question analysts are now asking is: who blinked first — Washington or Beijing?
Insiders point to a deeper issue: poor leadership. Energy Minister Sergei Tsivilev, appointed to navigate the crisis, has disappointed.
After several years of steady growth, Russia’s economy is rapidly slowing down.
High inflation, mounting pressure on the ruble, and growing geopolitical risks: why the Bank of Russia is in no hurry to cut interest rates.
The Western bank faced pressure to exit the business, but the withdrawal was complicated by a legal process.
The Russian ruble has unexpectedly become the world’s best-performing currency in 2025, surpassing even the traditional safe haven — gold.
The Chinese Ministry of Finance stated that the new tariff rates, an increase from the previous 84%, would come into effect on April 12.
Despite mounting concerns over a looming global recession, the president made his stance clear: “there’s no turning back.”
The unexpected remark came just one day after Trump’s administration introduced sweeping new trade measures, including a 34% tariff on Chinese goods.
The market reaction was swift: following Trump’s announcement of new tariffs, oil prices plummeted sharply on Wednesday evening.
