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Thursday, November 21, 2024 Key Economic Events

... 6:30 PM MSK): Changes in U.S. gas inventories could influence global energy markets. Significant shifts might affect European gas prices, especially during the winter season. Corporate Reports Baidu Inc (BIDU): Expected revenue decline of 0.7%. This may ... ... provide insights into the IT sector’s performance in emerging markets, indirectly influencing global tech investment strategies. Russian Aquaculture (AQUA): An extraordinary general meeting will address a Q3 dividend payout of 20 RUB/share. While specific ...

U.S. Temporarily Allows Energy Transactions with Russian Banks: What This Means for Russia?

... of Russian banks, including the Central Bank, Sberbank, VTB, and Rosbank. This decision, effective until April 30, also includes lifting sanctions on Prominvestbank. This measure allows the continuation of transactions related to the supply of oil, gas, and other raw materials. Message and Context This move demonstrates flexibility in U.S. sanctions policy towards Russian energy. It underscores the significance of energy resources for the global economy, particularly in the context of maintaining stability in global supplies. Amid rising energy prices and tensions in the global energy markets, the U.S. aims to ...

Where Does the United Engine Corporation (UEC) Invest?

... of development. Where is the United Engine Corporation (UEC) Investing? Sector: Engineering Investment in 2023: 72.2 billion rubles Investment in 2022: 38.1 billion rubles The United Engine Corporation (UEC) is a strategically important company for Russian industry, specializing in the development, production, and maintenance of aviation, gas turbine, and industrial engines. In recent years, UEC has been actively increasing its investment aimed at modernizing its facilities, developing new technologies, and strengthening its position in the international market. Key Assets of the Company ...

Buyers Battle for Russian Oil in Europe

... there have been several concerns raised. It is essential to understand that Hungary and Slovakia also have tools to exert pressure on Ukraine," reflects Igor Yushkov. The head of Hungary's Foreign Ministry assured that Budapest will never give up Russian oil and gas. Hungary, Serbia, and Slovakia hold on to Russian oil because it represents the most profitable option. "Firstly, the refineries are configured for Urals-grade Russian oil. Secondly, any alternative route would incur higher delivery costs, which ...

How will the network of electric charging stations grow in Russia

... these stations. Additionally, the companies plan to develop multifunctional charging complexes along the M-11 "Neva" highway between Moscow and St. Petersburg. Rosneft also signed an agreement with Rosseti to establish fast chargers at its gas stations across Russian regions. As of late 2023, Rosneft had installed 78 EVCSs, including 68 fast chargers, with the total rising to 80 by September 2024. Most stations can charge a battery to 80% in just 20 minutes. Gazprom Neft is also focusing on EVCS development....