Russia’s oil revenue rose to about $20 billion in May, despite declining supplies, as higher global energy prices boosted its coffers, according to the International Energy Agency.
This is 11% more than a month earlier, despite the fact that exports fell by about 3%, according to IEA estimates.
Asian buyers are snapping up deliveries, but demanding record discounts from Russia — about 30% compared to international prices for Brent oil. However, Brent’s price rally this year, with prices up nearly 60%, has partially offset the effect of price cuts. The average price of Urals oil, Russia’s main export blend, was $78.8 per barrel in May, up almost 12% from a month earlier, writes Bloomberg.
<<< June 16, 2022 Feed >>>
On June 15, the State Duma of Russia adopted a law simplifying the procedure for selling the values of the State Fund of Russia. According to the document, which comes into force 10 days after its official publication, the president and the government will be able to promptly sell virtually any amount from the Gokhran’s reserves to «meet the urgent needs of the state.»
Now the law «On Precious Metals and Precious Stones» requires that sales of the State Fund be fixed in the law on the federal budget. Any transactions in excess of the original limit require an amendment to the law, as well as a decision by the president based on a reasoned proposal from the prime minister. The amendments adopted by the Duma relieve the president of the need to seek permission from parliament.
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Microsoft has ended support for Internet Explorer. The browser has existed for 27 years. The download page suggests installing Microsoft Edge instead of Internet Explorer.
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In Japan, bullying on the Internet will be punished with imprisonment for up to 1 year, as well as a fine of up to 2.2 thousand dollars.
For words on the Internet, they were punished before, but the fine was only $ 75, and the administrative arrest was less than 30 days. The punishment was toughened after the death of one of the stars of the reality show, who committed suicide, allegedly due to cyberbullying
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Gazprom announced that it would stop another gas pumping unit at Nord Stream, reducing gas pumping by 60% of the planned volume.
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A court in Minsk has restricted the freedom of Oksana Kolb, the editor-in-chief of the Novy Chas newspaper, for 2.5 years with a referral to an open correctional institution in the case of a gross violation of order for participating in a protest action on August 16, 2020. Oksana Kolb was released in the courtroom. She will be under house arrest until she is sent to serve her sentence.
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The State Duma of Russia in the first reading adopted a bill prohibiting air passengers from taking out more than 10 kg of red caviar from the Kamchatka Territory in one flight, according to the page of the initiative on the website of the lower house.
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The Central Bank recommended that banks refuse to pay dividends and the non-fixed part of remuneration (bonuses and bonuses) to top managers in the short and medium term.
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India imported $6.026 billion worth of gold in May 2022, follows from the materials of the country’s Ministry of Trade and Industry.
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The main importer of Russian gas in Germany, Uniper, reported that the volume of fuel supplies decreased by a quarter. Prior to this, Gazprom notified the Italian Eni about a 15% reduction in supplies
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Currently, about 770 million people around the world cannot write and read the simplest phrases, which is about 10% of the world’s population, the head of UNESCO said. Two-thirds of them are women, she said.
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The Fed raised the base rate by 75 basis points to 1.5-1.75%. This is the first time such a sharp increase has occurred since 1994.
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The US will provide new aid packages to Ukraine on a regular basis, said John Kirby, National Security Council coordinator for strategic communications at the White House.
“We are just now beginning to spend the $40 billion aid package that Congress has approved and for which we are certainly grateful. Additional aid packages, as you will see later, will be made available on a regular basis,” Mr. Kirby said.
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Austrian oil and gas company OMV has received notice from Gazprom to cut gas supplies, an OMV spokesman said.
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Retailer Fix Price has received permanent registration in the Republic of Cyprus under the official name of Fix Price Group Plc, the company said.
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Rusnano has prepared 20 assets for sale, including foreign ones, said the head of the company Sergey Kulikov at a meeting with Russian President Vladimir Putin
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Moldova will receive 40 million euros from the European Defense Fund, which will allow it to double its defense spending, French President Emmanuel Macron said on Wednesday at a press conference following his visit to Chisinau.
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The American McDonald’s Corp. will pay about $1.3 billion to settle the claims of the French authorities, who accused the company of understating tax payments, according to The Wall Street Journal.
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Losses of the federal budget from the «black market» of cigarettes in Russia exceed 100 billion rubles, said Sergei Ryabukhin, First Deputy Chairman of the Federation Council Committee on Budget and Financial Markets.
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The export duty on wheat from the Russian Federation has been raised to $131.6 from $129.2 per ton since June 16, the Ministry of Agriculture reports.
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The US government has increased funding for three technology companies, Reuters reports. The funding is focused on three firms that build virtual private networks (VPNs) — nthLink, Psiphon and Lantern, agency sources said.
VPNs help you hide your identity and change your online location to bypass geo-restrictions on content or government censorship.
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The American Baker Hughes, which provides solutions in the field of energy and industry, stops servicing LNG projects in Russia, Kommersant reports, citing sources among the company’s Russian counterparties.
According to the newspaper, Baker Hughes is withdrawing its service engineers from Novatek’s Yamal LNG and Gazprom’s Sakhalin-2 projects; in addition, the company’s project engineers will leave the Arctic LNG-2 project under construction by NOVATEK. Baker Hughes is also halting all shipments of equipment for LNG projects.
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Russia’s investments in Treasury bills of the US Treasury remained unchanged in April compared to the previous month, amounting to $2.003 billion.
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The next round of talks on Syria will take place this autumn, Russian presidential envoy Alexander Lavrentyev said.
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Russian Railways and VTB Bank signed a loan agreement with a limit of up to 630 billion rubles with a maximum tranche term of up to 5 years.
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Italian Prime Minister Mario Draghi, French President Emmanuel Macron and German Federal Chancellor Olaf Scholz have arrived in Ukraine, Italian news channel RaiNews24 reported. RaiNews notes that the arrival took place the day before the decision of the European Commission regarding the status of Ukraine as a possible candidate for EU membership.
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Baikal Electronics canceled the production and sale of Baikal-S processors, as the Taiwanese manufacturer TSMC refused to cooperate with the company, Kommersant learned. According to him, Sberbank and other major players counted on these chips, which will now have to look for ways to parallel import.
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The British authorities have imposed sanctions against the head of the Russian Orthodox Church, Patriarch Kirill (Vladimir Gundyaev), as well as the Russian children’s ombudsman Maria Lvova-Belova, according to the website of the British government.
The measures put forward against them include a ban on entry into the UK, an asset freeze, as well as restrictions on doing business with organizations that are associated with people from the sanctions list.
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Because of the drought in Italy impose restrictions on water consumption, writes Today. In 25 municipalities of the province of Bergamo, the supply of drinking water for watering gardens, washing yards and cars, and filling swimming pools has been stopped. The restrictions only apply at night.
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Ferries between Denmark and Norway are forced to run slower to save fuel. Because of this, the ships have to leave earlier than the scheduled time.
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Denmark has discovered a runestone from the Viking Age. Archaeologists suggest that the age of the find can reach 1.3 thousand years. If confirmed, it could be the oldest runestone ever found in Denmark.
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At the end of June, all Decathlon stores in Moscow will close, The Moscow Times reports, citing employees of the sports network. The company’s online store has already stopped accepting orders.
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According to the EMISS platform owned by Rosstat, in the first quarter of 2022, 204,947 people left Russia for Kazakhstan. Entrepreneurs here can continue to conduct international business, and influencers can freely use social networks.
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The number of offers for the sale of used cars in Russia is growing sharply, and at the same time the number of cars with signs of twisted mileage, experts have established. Most likely to buy such a car in the price segment up to 800,000 rubles
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X5 Group, the owner of Pyaterochka and Perekrestok, has agreed to buy Prisma stores in St. Petersburg. Earlier, the Finnish trading network decided to leave Russia. Supermarkets to be renamed Perekrestki and reopen in July
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Gazprom-Media and the Iranian government announced a joint film production. The first Russian-Iranian film will be made by the film company Central Partnership, at this stage the plot of the film has already been outlined, the press service of Gazprom-Media told TASS.
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Finland has started recycling bottle labels. Plastic waste is converted into polyol, which is used in the manufacture of thermal insulation, according to Yle. Recycling is handled jointly by three companies: UPM Raflatac collects self-adhesive labels, Inosence Polyol produces polyol from them, and Finnfoam manufactures insulation.
Finnfoam believes that by autumn the plastic raw material for insulation will be completely replaced by recycled material. In addition, the company plans to complete the construction of a plant for the processing of chemical plastics this fall. Finland recycles only 27% of plastic waste, well below the EU average of 42%.
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