Time and money are largely interchangeable terms. - Winston S. Churchill

Europe

Not a single major European company has yet started paying for Russian gas in rubles

Not a single major European company has yet started paying for Russian gas in rubles

Russia's blackmail bets have failed. The big players have been in the market for years and know what to do, but several small European trading companies have started paying for Russian gas in rubles. Will this save Russia?

Germany is ready to support the EU ban on Russian oil, if it is gradual

Germany is ready to support the EU ban on Russian oil, if it is gradual

Also, official sources close to the discussion of the issue say that Germany is seeking a transition period in the embargo on Russian energy resources.

Recession is coming, the ECB will not be able to normalize policy, and the euro will continue to fall - Robert Brooks, chief economist at the IIF

Recession is coming, the ECB will not be able to normalize policy, and the euro will continue to fall - Robert Brooks, chief economist at the IIF

Brooks justifies his opinion with the fall of consumer confidence index in Germany below pandemic levels.

Renault will transfer its stake in Avtoframos to NAMI, said Denis Manturov, head of the Ministry of Industry and Trade

Renault will transfer its stake in Avtoframos to NAMI, said Denis Manturov, head of the Ministry of Industry and Trade

A stake in Avtoframos plant in Moscow will be handed over to Moscow authorities. It will be a "deal for a ruble" with the option to buy back shares within 5-6 years, said Manturov. Manturov: If Moscow plant of Renault is transferred to Moscow it will not be mothballed, it

Gazprom does not confirm that gas supplies to Poland have already been suspended

Gazprom does not confirm that gas supplies to Poland have already been suspended

Earlier, we quoted an ICIS analyst as saying that Polish operator PGNiG itself has stopped gas supplies. Poland is now obliged to pay for gas supplies to Russia under the new payment procedure.

Italy considers temporary nationalization of Lukoil's refinery in Sicily

Italy considers temporary nationalization of Lukoil's refinery in Sicily

Earlier, representatives of Russia said that nationalization of Russian companies would entail a mirror response.

Britain's shrinking real incomes are beginning to affect the purchasing power of much of the country

Britain's shrinking real incomes are beginning to affect the purchasing power of much of the country

43% of those who pay their energy bills say they will face problems because of rising costs. The same proportion said they won't be able to make savings over the next year as a result of the jump in bills. Nearly a quarter of adults, 23%, said they had difficulty

Since February, India buys 40 million barrels of oil from Russia vs. 16 million in 2021

Since February, India buys 40 million barrels of oil from Russia vs. 16 million in 2021

As reported by representatives of the countries, the payment for oil is made in national currencies.

Tinkoff Bank's receipts fall by 8%, losing all of last year's growth

Tinkoff Bank's receipts fall by 8%, losing all of last year's growth

A new driver of the decline was the sale of shares of the bank's founder Oleg Tinkov of his stake in the bank. Tinkoff Bank's receipts are also negatively affected by the drop in consumer lending, one of the key parts of the bank's business.

Russia senselessly tries to fine Youtube

Russia senselessly tries to fine Youtube

Court fines for YouTube video hosting on Roskomnadzor's suits for failure to remove prohibited information exceeds 7 billion rubles