Russia has outmaneuvered the Saudis in fight for the Chinese oil market despite Western states’ unity in sanctions opposition with Russia and conspiracy theory on the US oil deal with Saudi Arabia. In April China increased oil import from Russia 52%, while import from Saudi Arabia dropped 22%.
Russia is the largest diamond-extracting country in the world. Russia produces up to 35 percent of diamonds annually, if weighed in carats. In terms of diamond production, Russia is followed by Botswana and Angola. The general demand for diamonds has been declining in the world
Russia and China buy gold to get rid of the weakening dollar. The weakening of the dollar will become even more noticeable. Increasing their gold reserves, Moscow and Beijing make their economies stronger. Russia and China have been buying a lot of gold recently. During the past 15 months China has increased its gold reserves by 70% to 1,700 tons
German opposition party "Alternative for Germany" (ADH) is to send a resolution to the government of Baden-Württemberg about the need to lift sanctions against Russia. Baden-Württemberg has the highest export performance in Germany, where every third person works for exports
Russian customers should be properly informed about the presence of palm oil in food products. President Putin instructed the government to take adequate measures at this point and study a possibility for the introduction of excise duties on tropical vegetable oils
The recent strengthening of the ruble has generated many optimistic forecasts for the economic situation in Russia to improve. However, the failed negotiations in Doha have struck a new blow to the national currency. The time of the wealthy 2000s was not the time of errors for Russia. Oil-producing countries were receiving huge income back then
Some exporters fear that oil prices may drop again, unless exporters fail to reach an agreement. In an anticipation of production cuts, the price per barrel rose to $40 and still remains at this level. Although this price is not good for most market members, all fear that it may go down again
The pressure of the US government on US banks forced credit institutions to refuse from the placement of Russian securities. Goldman Sachs was about to place them, but the bank intends not to arrange the deal
Siberia is known as a region of huge mineral resources. There are giant companies operating there, such as RUSAL, but Siberia is not integrated into export relationships. This is a paradox. Russia exports Siberian nickel and aluminum, but everything else, including agricultural products, does not see foreign customers
Russian company Rosneft plans to invest $500 million in the development of oil fields in the Orinoco oil belt in Venezuela. The share of Rosneft in Petromonagas project has been increased by 40 percent. The president of Ecuador believes that one needs to resolve the problems of oil prices as soon as possible
Since the formation of the first settlements, around the year 8000 B.C we have been getting from nature what is essential to our survival, however, we do not treat the man-nature relationship accurately; instead we interfere in nature so as to unbalance it.
The meeting between representatives of the Ministries for Energy of Russia, Qatar, Venezuela and Saudi Arabia ended in Doha, Qatar. The parties agreed to freeze the oil production on the level of January 11. However, the market was expecting a tougher solution