Russia’s Central Bank Is Set to Cut Rates Again as the Economy Loses Momentum
According to Bloomberg, all nine economists surveyed expect the Bank of Russia to lower its key rate to 14.5% at Friday’s meeting.
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Swiss Bank Bets on Gold Again, Targets $6,000 per Ounce
Despite recent volatility, the bank believes the long-term outlook for the precious metal remains strong.
Russia seeks buyers for sanctioned LNG in Asia
According to Bloomberg, these cargoes were offered last week at discounts of up to 40% to spot prices.
Ninefold Gap: Why German Power Is Suddenly Far Costlier Than France’s
Germany has faced a sharp spike in electricity prices amid weak renewable generation and surging costs of carbon allowances.
Putin Rejects “Stagnation” Diagnosis and Backs the Central Bank’s Tight Rate Policy
The debate over the price of money and the risks of cooling the economy is coming to the fore ahead of the next central bank meeting on September 12.
Putin’s Energy Breakthrough in China Undermines President Donald Trump’s Export Ambitions
Beijing has moved Russia’s Power of Siberia-2 pipeline closer to reality and signaled its willingness to receive LNG from the sanctioned Arctic LNG-2 project.
Power of Siberia-2: Beijing Strengthens Its Bargaining Position as Moscow Yields
Russia and China have moved closer to an agreement on the long-standing Power of Siberia-2 gas-pipeline project, which is meant to significantly increase Russian gas supplies to the PRC.
Putin Demands Monetary Normalization and Industrial Growth
At a recent meeting with cabinet members, President Vladimir Putin forcefully raised the need to normalize monetary policy and secure industrial growth.
China Receives First LNG Cargo From a U.S.-Sanctioned Russian Project
If confirmed, this would mark the first such delivery amid Moscow’s efforts to sustain energy exports, Bloomberg notes.
India’s Nayara Turns to the “Dark Fleet” and Russian Crude: How EU Sanctions Reshaped Its Logistics
Nayara is a major player in India: its refinery of about 400,000 barrels per day accounts for 8% of the country’s processing capacity, and its network of filling stations covers roughly 7% of the retail fuel market.
Chinese Refineries Boost Purchases of Russian Urals Crude as Trump Pressures India
According to analysts at Kpler and Energy Aspects, Chinese companies have already bought between 10 and 15 cargoes of Urals for October and November delivery — significantly more than their usual intake.
Russian Government Lifts Mandatory Foreign Currency Sale Requirement for Exporters
Mandatory quotas for the sale of foreign currency proceeds have been set to zero.
Cracks in the Heart of Putin’s War Economy: What the Numbers Hide Ahead of the Alaska Meeting
Russia’s economy — reshaped by Vladimir Putin over the past two and a half years to serve the needs of war — is now facing perhaps its most serious crisis since the collapse of the USSR.
