he OPEC+ Alliance has agreed to keep the deal on track and increase oil output to 432 million barrels per second in June.
May 5, 2022May 5, 2022Commodities, News, Politics
The European Union intends to prohibit the provision of services for Russian oil transportation
The EU recommends prohibiting ships and firms from providing services connected to the transit of Russian oil around the world, including insurance
Exports from Germany have reached an all-time low.
Germany's exports to Russia have dropped to their lowest level in nearly two decades, and the aftermath of the raid has led to a reduction in overall commerce.
President Vladimir Putin’s directive contains new sanctions-response measures
Vladimir Putin signed a decree authorising the use of retaliatory economic measures in response to hostile foreign activities. The regulation was enacted to protect the Russian Federation's national interests against unfriendly countries' illegal restrictions.
China has imposed new coronavirus limitations
From May 4 to 10, the city of Zhengzhou in central China will impose new travel restrictions because to COVID-19.