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.
“Rouble faces pressure as Russia’s trade surplus shrinks, traders warn via Reuters.”
According to sources, the country’s security services are leading the probe amidst growing concerns over substantial capital outflows.
Among Russia’s leading oil producers, Tatneft faced the steepest reduction, with export volumes falling by 7.5% to 7.98 million tons.
Syria’s $500M deal with Russia’s Stroytransgaz to modernize Tartus port failed by 2024, ending amid economic and geopolitical challenges.
Preliminary data for 2024 indicates a relatively stable current account surplus (CA) for the full year but reveals a negative trend in the second half.
The CBR’s rationale for advocating a rate hike is rooted in accelerated price growth observed in December.
The November sanctions package has exacerbated delays in transactions, account freezes abroad, and the rising cost of cross-border operations.
The financial impact of these shifts is considerable. In 2023 alone, Russian buyers incurred an additional $20 billion in costs due to the rising prices of imports.
Gazprom plans to cut its central administration workforce by nearly half, reducing staff from 4,100 to 2,500 employees.
According to a report by the LETA news agency, Aven has formally informed both Latvian and European authorities of his decision.
