Putin wants ‘unfriendly’ countries to pay for Russian gas in roubles

LONDON, March 23 (Reuters) – Russia will seek payment in roubles for gas sold to “unfriendly” countries, President Vladimir Putin said on Wednesday, and European gas prices soared on concerns the move would exacerbate the region’s energy crunch. European nations and the United States have imposed heavy sanctions on Russia since Moscow sent troops into … Read more

Stocks steady after Fed hike, BoE’s turn next

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying various countries’ stock indexes including Russian Trading System (RTS) Index which is empty, outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register LONDON/TOKYO, March 17 (Reuters) … Read more

Ukraine’s farmers stalled, fueling fears of global food shortages

March 11 (Reuters) – The Russian invasion of Ukraine threatens millions of tiny spring-time sprouts that should emerge from stalks of dormant winter wheat in the coming weeks. If the farmers can’t feed those crops soon, far fewer of the so-called tillers will spout, jeopardizing a national wheat harvest on which millions in the developing … Read more

Carmakers face soaring metal costs with Russian supplies at risk

LONDON, March 8 (Reuters) – Saving up for a new ride? Better start putting more cash aside. Russia’s invasion of Ukraine is ramping up the price of metals used in cars, from aluminum in the bodywork to palladium in catalytic converters to the high-grade nickel in electric vehicle batteries, and drivers are likely to foot … Read more

Russia’s offer to foreign firms: stay, leave or hand over the keys

Customers shop at an IKEA store in Omsk, Russia, March 3, 2022. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register Sweeping Western sanctions create investor minefield SocGen warned it might be stripped of Russian assets Pirelli’s Russian plants continue, others seek exit Banks count the every changing cost of sanctions MOSCOW, March 4 … Read more

Shell to exit Russia after Ukraine invasion, joining BP

Shell pulls out of giant Sakhalin 2 LNG project Move to lead to impairments of $3 billion ‘We are shocked by the loss of life in Ukraine,’ CEO says LONDON, March 1 (Reuters) – Shell (SHEL.L) will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the … Read more

Russia sanctions ripple across world markets, rouble tanks

Oak slides to record low, Russian cbank hikes rates European stocks down, US stock futures in red Oil up 5%, euro down sharply vs dollar LONDON, Feb 28 (Reuters) – World stocks slid, oil prices jumped and the rouble tanked to fresh record lows on Monday, as the West ramped up sanctions against Russia for … Read more