Finance

Russia continues to make money: revenues from oil exports are back to the levels of the beginning of the NWO - IEA data

Cash from exports rose to $20 billion, with volumes down 3%. Growth in shipments from Asia boosted total oil shipments

Russia's oil export revenues rose to about $20 billion in May despite a decline in shipments, according to the International Energy Agency.

Russia's total income from oil and petroleum products exports roughly returned to the level of the beginning of the year, even though exports fell about 3%, the IEA added

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

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