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Regulatory Costs: Can the Rise in Gasoline Prices Be Stopped? (FORBES)
... to 25% in January–April 2023.
Unlike last year, some major gasoline producers are experiencing forced downtime, reducing fuel output and causing financial losses. These interruptions result from drone attacks damaging refinery infrastructure and sanctions restricting equipment supplies from Europe and North America. For example, in Q1 2024, the Nizhny Novgorod Refinery reduced gasoline production by 36%, and Kirishinefteorgsintez in the Leningrad region cut output by 7.7%, according to CDU TEK ...
Why do Turkey and Russia need their own gas hub
... President Vladimir Putin confirmed to Turkish President Recep Tayyip Erdoğan that he would instruct Gazprom on this matter.
The idea of creating a gas hub in Turkey initially belonged to Russia and was announced by President Putin in 2022 amid Western sanctions and the sabotage of the Nord Stream pipelines. However, since then, the project has been discussed but not implemented.
Russia has already lost its economic interest in this gas hub, while Turkey sees its own benefit, believes Igor Yushkov,...
Russia Temporarily Bans Enriched Uranium Exports to the US: What Are the Implications?
... uranium is a critical component for nuclear reactors, providing energy for both civilian and military use. Russia’s decision to restrict exports is largely seen as a response to the complex geopolitical situation, especially in the wake of ongoing sanctions and strained relations between Russia and the US. The Kremlin appears to be leveraging its position in the uranium supply chain as a means to exert influence and respond to US sanctions.
According to Russian officials, the restrictions are intended ...
Market Capitalization of Pop Mart Surpasses the Market Value of Gazprom and Tatneft
... value can be attributed to the soaring demand for its products: the company’s shares have skyrocketed over 500% in the past year amid a sharp increase in sales and profits. In contrast, Gazprom’s capitalization has sharply declined in recent years—sanctions and the loss of key export markets have led to a crash in the stock price of the Russian gas giant.
Pop Mart: The Phenomenon of Labubu Toys
Pop Mart International Group was founded in China in 2010 and initially began as a small toy store in ...
Russia Launches Independent Gold Exchange: An Alternative to LBMA and a Step Towards Dedollarization
... London and New York
The launch of the St. Petersburg Precious Metals Exchange is viewed as an important alternative to Western platforms like the London over-the-counter gold market (LBMA) and the COMEX exchange in New York. Following the imposition of sanctions in 2022, the LBMA excluded all Russian refineries from its list of accredited suppliers, effectively depriving them of the ability to sell gold on the world's largest market. Simultaneously, the European Union banned the import of Russian gold....