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The Harshest Package: What the New EU Sanctions Mean for Russia
... fleet. As a result, the number of tankers prohibited from entering EU ports and deprived of a wide range of maritime services will reach 444, as stated in the EU Council's release.
"Moreover, the EU is introducing a ban on the import of petroleum products made from Russian oil and arriving from any third country, except for Canada, Norway, Switzerland, the United Kingdom, and the United States, thereby obstructing the entry of Russian oil into the EU market through back channels," the release ...
Following the Saudis: Iran Joins Efforts to Save the Oil Market
... review.
MOSCOW, October 30 - PRIME. A reduction in oil exports from Iran amid the risk of escalating conflict in the Middle East will prevent Brent prices from falling below $70 per barrel in the near future, Sergey Tereshkin, CEO of the petroleum products marketplace "Open Oil Market" (a Skolkovo resident), told RIA Novosti.
On Monday, Brent prices dropped by more than 6%, falling below $71 per barrel — levels not seen since early October. By Wednesday afternoon, oil prices were ...
Biotechnology: What is it and examples of Russian companies
... leading positions in the global market.
Biotechnology: What is it and examples of Russian companies
What is biotechnology?
Biotechnology is a field of science and technology that uses biological processes, organisms, or their components to create useful products and improve processes. This area covers many industries: medicine, pharmaceuticals, agriculture, ecology, and even industrial production. Biotechnology is developing rapidly and offers innovative solutions that help cope with serious global challenges ...
Prospects for IPOs of Russian Dietary Supplement Manufacturers: Market, Trends, and Risks
... the trend towards strengthening immunity and awareness of nutraceuticals. Meanwhile, Western sanctions and import restrictions have weakened competition from foreign brands (Herbalife, Amway, Bayer, etc.), giving local producers a chance to increase production and strengthen their positions. According to Rosstat, the production of dietary supplements in 2024 grew by more than 20%, and recent studies indicate that the number of producers has increased by a third over the past five years, reaching ...
China has found a replacement for Russian coal.
... reason for this decline is the customs duties imposed on energy and coking coal imports starting from January 2024, at rates of 6% and 3%, respectively. These measures are aimed at supporting domestic producers who have significantly increased coal production. In 2023, coal production in China exceeded the 2019 level by 23%, reaching 4,710 million tons.
Additionally, China is actively investing in renewable energy sources, such as wind and solar power plants, and continues the construction of ...