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Why Trump Wants to Buy Greenland: Economic and Geopolitical Motives
... engaged in the extraction of REM and other critical resources may significantly benefit from the development of projects in Greenland.
Climate Risks: The accessibility of minerals is driven by climate change, which could draw additional attention to sustainability issues.
Geopolitics: Increased interest in Greenland may lead to heightened competition among countries for the right to exploit its resources.
Demand for REM: Growing demand for technologies that utilize rare earth metals will support ...
Mir Cards to Start Operating in Iran from January 2025
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Benefits for Iranian Companies and the Economy
For the Iranian economy, the introduction of Russian Mir cards will open access to a new influx of funds, especially given the restrictions imposed on traditional international payment systems. This will help sustain economic activity and foster a conducive business environment.
Strengthening Trade Connections:
The use of Mir cards will provide Iranian companies with access to the Russian financial market, allowing deals to be conducted more swiftly and securely....
EU Faces Trade War Threat: Macron Warns Investors of Rising Risks with the US and China
... This would create new business opportunities and reduce reliance on the two largest economies.
Boosting Domestic Demand:
To counter the downturn, the EU could invest in projects that stimulate domestic demand, such as infrastructure, innovation, and sustainable development. This would help maintain growth and offset export declines.
Supporting Local Production:
Programs aimed at reducing reliance on foreign suppliers could strengthen the EU's self-sufficiency and resilience.
What This Means for ...
The share of oil and gas revenues in the 2024 budget is growing beyond the planned levels.
... federal budget's revenue for January–September 2024 amounted to 26.3 trillion rubles, up 33.1% compared to the same period in 2023. Oil and gas revenues increased 1.5 times to exceed 8.3 trillion rubles over nine months. The Ministry of Finance expects sustained growth in oil and gas revenues above their baseline level in the coming months. Non-oil and gas revenues also grew by 26.9%, reaching 18 trillion rubles.
Sources of Oil and Gas Revenues
Oil and gas revenues are derived from mineral extraction ...
The budget is in the black. What ensured the increase in oil and gas revenues?
... boost in federal budget inflows. Tereshkin also examines the impact of international sanctions and the adaptation of the Russian economy to new conditions, emphasizing the importance of diversification and the development of domestic resources to ensure sustainable economic growth.
"Subsidies" to Russian Refineries Increased by Over 80% in the First Seven Months of 2024
In the first seven months of 2023, payments under the damping mechanism, reverse excise tax, and investment allowance ...