The export duty on wheat from Russia was raised to $142 per ton from $131.6 from June 22, the Agriculture Ministry said. The duty on barley increased to $117.5 from $92.8, on corn – to $86.5 from $84 per ton. These duties will be in effect until June 28. The amount of duties is calculated […]

Oil prices turned to decline on Wednesday after rising at the end of the previous session. The market is waiting for the data of the American Petroleum Institute (API) on inventories in the United States, as well as the speech of the Chairman of the Federal Reserve System (Fed) Jerome Powell in the Senate Banking […]

The Ministry of Finance may take Rb 416bn from Gazprom, and banks asked to return their money stuck in NSD in another currency due to sanctions – these and other important news for Wednesday morning, June 22, in our daily review. The Association of Banks of Russia (ABR) has proposed to the Central Bank options […]

In May this year, consumer prices in the UK jumped by 9.1% compared to the same month last year, according to data from the country’s National Statistical Office (ONS). Thus, inflation accelerated compared to April, when it amounted to 9%, and updated the maximum for more than 40 years. Analysts polled by Bloomberg also on […]

The U.S. market generally rose on Tuesday after the U.S. holiday weekend as investors tried to forget last week’s rout. Fears of an impending recession still linger, but investors ignored that, pushing the technology and other sectors higher earlier in the week. Overall, according to Tom Barkin, head of the FRB Richmond, the Fed supports […]

The U.S. dollar and euro are falling on the “Moscow Exchange”. The dollar fell below 53 rubles for the first time since June 3, 2015, the euro fell almost to 55 rubles for the first time since May 26, 2015. The US dollar exchange rate amounted to 52.92 rubles at 10:28 Moscow time, which is […]

The Federal Antimonopoly Service has developed norms for gas sales on the exchange for Gazprom and independent producers, according to the service’s report. It refers to the National Competition Development Plan, according to which by 2026 at least 10% of natural gas from the total volume of supplies to the domestic market should be sold […]

As of this morning, the number of reported cases of coronavirus infection in the world reached 541 million 374 thousand 90, according to data from the American Johns Hopkins University. Since the virus began spreading, 6 million 324,101 people have died worldwide from the effects of COVID-19 infection. Countries with more than 20 million cases […]

The US dollar is stable against the euro, moderately appreciating against the pound sterling, becoming cheaper against the yen. Yesterday the dollar fell by 0.3% against the euro and yen after the speech of the Chairman of the Federal Reserve System (FRS) Jerome Powell in the Senate Banking Committee, but in the future may resume […]

The Russian government has submitted a bill to the State Duma on the creation of a Russian app store to be pre-installed on gadgets sold in Russia. “The bill proposes to provide for the creation of a Russian app store which will be mandatorily pre-installed on technical devices. At the same time, such an app […]

The broker Finam temporarily inaccessible operations with foreign currencies – it is impossible to enter and withdraw dollars and euros, RBC reports. “For technical reasons related to infrastructural limitations, some operations with foreign currencies – US dollars and euros – are temporarily unavailable to Finam clients. In particular, in these currencies it is still impossible […]

Russian President Vladimir Putin has signed a decree that establishes a new temporary procedure for payments on foreign currency debt (Eurobonds). Under Putin’s decree, Russia will be able to pay foreign currency debt in rubles, RBC reported. “In order for the Russian Federation to fulfill its government debt obligations expressed in government securities, the nominal […]

The global market rally has run into a familiar pattern of new sell-offs amid recession fears. Fed chief Jerome Powell will head to Capitol Hill for two days of speeches. U.S. President Joe Biden is expected to call for the repeal of the federal gasoline tax. Also, UK inflation hits a new high and the […]

Polymetal (MCX:POLY) reaffirmed its 2022 production guidance of 1.7 million gold equivalent ounces, the company said in a statement. “Due to COVID-related restrictions in the PRC, as well as the impact of sanctions, significant sales logistics challenges remain, resulting in slower inventory turnover and higher selling costs. The Group expects the sales backlog to lag […]

Oil prices continue to decline amid fears of a global economic slowdown, intensified after statements by Federal Reserve (Fed) Chairman Jerome Powell. Powell, who appeared before the Senate Banking Committee the previous day, said the Fed’s battle with high inflation would require a rate hike high enough to trigger a recession in the U.S. economy. […]

American holding PPG Industries, Inc. which includes Finnish paint and varnish producer Tikkurila, is leaving their Russia due to the situation in Ukraine, Tikkurila’s press service reports. “Currently, we continue to sell only the minimum volume in Russia, sufficient to obtain the necessary amount of local currency to pay our employees. Previously, we stopped all […]

US President Joe Biden has appealed to gasoline producers and suppliers to lower prices in the current environment, which he described as challenging. “I have a very simple message to fuel companies: these are extraordinary times, lower your prices, do it now, today. Your consumers, American citizens, should feel lighter,” he said. Earlier, Biden demonstrated […]

On Wednesday, the U.S. stock market showed modest growth after the head of the Federal Reserve Jerome Powell told the Senate that the central bank is determined to curb inflation and has the necessary tools to accomplish this task. Recession fears have intensified in recent weeks, weighing on stocks, but this week investors have tried […]