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Politic

A collection of 269 issues

Brent crude oil price fell below $87 a barrel for the first time since January 25, 2022

Demand for oil is declining. After the Fed meeting, the price of black gold accelerated its fall. U.S. crude oil WTI is trading below $80 a barrel for the first time since January 11. Due to rising interest rates companies will be forced to cut production and costs. Paying

Everything is falling: the U.S. market is losing about 2%

The yuan is also falling. The Chinese currency against the dollar has fallen to its lowest level since 2015. Perhaps this is just the beginning before a winter that could be the hardest for the global economy this century.

Gazprom launches the largest field in Eastern Siberia - Interfax

In the second half of December, Gazprom will launch gas from the Kovyktinskoye field, which has 1.8 trillion cubic meters of gas reserves as well as 65.7 million tons of gas condensate. The field will supply gas to China via the Power of Siberia pipeline.

One third of the food coming to stores from the field ends up in the landfill - RIA

To solve the problem retailers Magnit and X5 Retail Group supported the idea of foodsharing - charity distribution of edible food. The idea of cancelling VAT on goods sent to charity is also being promoted. The initiatives would save up to a million tons of food every year and provide

EU inflation +9.1% - record, vs. +8.9% a month earlier

+0.6% month-on-month, previous +0.1%. Record inflation in the EU will make the ECB think about aggressive actions. They could push the economy into recession, as Fitch Ratings predicts.

The bill on credit vacations for citizens will become permanent, - the government

A draft on credit vacations has been submitted to the State Duma. The draft provides for the right of citizens to receive a grace period for the fulfillment of obligations under a credit agreement for a period of up to six months in order to restore their solvency.

The EU has enough gas in storage until February 2023

According to the newspaper La Vanguardia, Europe's storage facilities are 83 percent full and not enough to cover the region's needs until the end of winter. The cessation of gas supplies is putting even more pressure on storage capacity levels. And in order to have enough reserves until March, the

Things are heating up: More than 100,000 railroad workers in the U.S. could go on strike

State businesses are sounding the alarm and warning of a "disaster" if a mass strike by railroad employees begins. It could be the record since 1992. The U.S. economy is heavily dependent on rail freight, and a shutdown could cause significant problems in many sectors. The damage to the

The Central Bank will force banks to implement SBPay, - Kommersant

SBPay is a service for paying for purchases through the System of Quick Payments. Banks are unwilling to introduce this service because they lose commission income from acquiring. And Alfa-bank, Otkrytie and Tinkoff prefer to pay fines instead of connecting the service. However, the Central Bank intends to force SBPay

Companies will publish less information, - RBC

The Russian Union of Industrialists and Entrepreneurs has sent a proposal to the Ministry of Finance and the Central Bank to simplify IFRS. If a company simplifies its reporting, it will become less transparent and this will affect investor confidence.