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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Ukraine
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,…
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…
Cryptocurrencies fall due to Ukraine-Russia tensions
Bitcoin (BTC) and other cryptocurrencies registered a drop in their prices this Tuesday, February 22, due to the increase in tensions between Ukraine and Russia, that caused uncertainty in the stock markets.
Some analysts consider that the…
Barrel of oil is approaching 100 dollars
The price of a barrel of oil reacted with sharp rises, bringing its price close to the level of 100 dollars, to the decision of the Russian president, Vladimir Putin, to recognize the independence of Donetsk and Lugansk, self-proclaimed…