(LONDON) – Central banks cut gold purchases to their lowest first quarter level in more than 15 years, reducing one of the main forces that supported the precious metal’s record price rise over the past four years. Data from the World Gold Council (WGC), cited by the Financial Times, showedContinue Reading
(WASHINGTON, DC) – The United States has imposed new sanctions on companies and individuals accused of supporting the operations of Iranian airline Mahan Air, expanding efforts to disrupt networks linked to Iran’s Islamic Revolutionary Guard Corps (IRGC). The US Department of the Treasury said six entities and individuals based inContinue Reading
(KYIV) – Ukraine’s Foreign Intelligence Service said Russia has officially scaled back its ambitions to replace foreign electronic components, describing the move as an acknowledgement that the programme has fallen short of its original objectives. According to the agency, the Russian government has reduced its target for the share ofContinue Reading
(LONDON) – Global oil prices fell by more than US$1 (£0.75) per barrel on Friday despite continuing tensions between the United States and Iran, as crude supplies continued moving through key maritime chokepoints. According to Reuters, Brent crude futures fell by US$1.03 (£0.77), or 1.2 per cent, to US$88.00 (£65.85)Continue Reading
(MOSCOW) – Operations at the Ryazan oil refinery, one of Russia’s largest, have been suspended following a drone strike, with the shutdown expected to last up to two weeks, industry sources have told Reuters. The facility halted processing on Wednesday after the attack, according to a source cited by theContinue Reading
(KYIV) – Ukrainians have until the end of today to spend funds accrued under the “National Cashback” programme, with unspent balances reverting to the state budget from 1 August. The digital government services portal Diia issued the reminder via Telegram, stating that 31 July is the final day for cardholdersContinue Reading
(MURMANSK, RUSSIA) – Russia has received its first seaborne shipment of AI-92 petrol from Morocco, according to two industry sources who spoke to Reuters on Friday. A Panama flagged tanker loaded the fuel at the Moroccan port of Tangier in mid July and is now discharging the cargo at theContinue Reading
(KYIV, UKRAINE) – The National Bank of Ukraine has set the official exchange rate for Monday 3 August, showing the US dollar losing ground against the hryvnia while the euro held completely flat. The dollar will stand at UAH 44.63, down 6 kopiyok from the previous rate of UAH 44.69Continue Reading
(KYIV, UKRAINE) – Ukraine is pressing ahead with reforms, energy modernisation and damage assessment work in close coordination with the World Bank, Prime Minister Serhiy Koretskyi said following a telephone call with the Bank’s Managing Director of Operations, Anna Bjerde. Koretskyi stated that the discussion covered the continuation of reforms,Continue Reading
(KYIV, UKRAINE) – Diesel fuel prices at Ukrainian filling stations continued their upward march on Friday 31 July, while petrol costs held steady. The average nationwide price of diesel rose by UAH 1.33 to reach UAH 91.99 per litre, equivalent to approximately $2.50 (GBP 1.96 / EUR 2.28). The averageContinue Reading
