Finance

The price of Russian Urals oil has fallen to the values of the beginning of the year - Kommersant

Russian oil has consolidated below 4 thousand rubles per barrel. Since the beginning of the month oil has fallen in price by 17%, due to falling prices on the world market.

If the ruble prices remain at the current level by the end of the year, the budget may turn from surplus to deficit.

This will force the authorities to weaken the ruble, which, combined with the recovery of imports, will return the dollar exchange rate to 70-80 rubles/$, according to the newspaper.

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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