The price ofBrent quality oil, a reference for Europe, reached the verge of 140 dollars, close to the historical maximums registered in 2008, after soaring almost 20 % at the beginning of the session due to fears that the United States may impose restrictions on the sale of Russian crude.
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Russia
American Express suspends its services in Russia
American Express announced the suspension of its services in Russia, thus joining the measures already applied by the Visa and MasterCard platforms.
"In light of Russia's continued and unwarranted attack on the people of Ukraine, American…
Ukraine and Russia agree on a possible temporary ceasefire
Ukraine and Russia have agreed on Thursday to establish humanitarian corridors for the evacuation and delivery of food and medicine in the context of the conflict and a possible temporary ceasefire, as announced by the parties at the end of…
Venezuela could face problems in the sale of foreign currency
Asdrúbal Oliveros, economist and director of Ecoanalítica, stressed that the relationship between the governments of Russia and Venezuela could impact the sale of foreign currency in Venezuela to contain the exchange rate because the…
China will not apply sanctions against Russia
The Chinese authorities refused to join the sanctions imposed by the European Union and the United States against Russia for the invasion of Ukraine and have vindicated their position, contrary to the imposition of these measures.
In a…
OPEC confirms increase in oil production
The Organization of Petroleum Exporting Countries (OPEC), together with its 10 allies, confirmed that starting in April, oil production will grow by 400,000 barrels per day.
This increase had already been discussed previously in July of…
Russian banks will be suspended from the Swift system
The European Union (EU) recently agreed to suspend seven Russian financial institutions from the Swift interbank communications system.
In this list stand out VTB (the second largest entity in the country), Rossiya, Otkritie, Novikombank,…
Gas exports from the US to Europe could increase
The United States could start exporting gas to Europe, which will start the acceleration of some operations in terms of regasification infrastructure to increase the volume of sales.
According to data from Gasindustrial, the price of LNG…
Swift, the system from which Russia could be left out
After Russia's invasion of Ukraine, world leaders have decided to opt for different types of sanctions, among which the disconnection of the country chaired by Vladimir Putin from the Swift payment platform was considered at the time.
Not…
Biden announces sanctions against Russia
Joe Biden, President of the United States announced a series of sanctions against Russia after it initiated military action against Ukraine.
"We will limit Russia's ability to do business in dollars and pounds and to be part of the world…
Moscow stock market falls 30 % after attack on Ukraine
The two main selective of the Moscow Stock Exchange fell around 30 % after Russia began a military operation in Ukraine with the aim of demilitarizing and "denazifying" the country, according to Russian President Vladimir Putin.
The Moex…
Russia announces “special operation” in Ukraine
Around six in the morning, Moscow time, this Thursday, February 24, Russian President Vladimir Putin announced in a television message the start of a special "military operation" in eastern Ukraine.
"I have made the decision of a military…