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Lithuania clarifies stance on Russian exclave transit

President Nauseda says there can be no “corridors” for sanctioned goods between Kaliningrad and mainland Russia Lithuania will maintain the ban on the transit of sanctioned goods between Kaliningrad Region and mainland Russia, President Gitanas Nauseda has said.

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Global recession risk warning issued

Deutsche Bank CEO Christian Sewing said on Wednesday the global economy may be headed for a recession as central banks scramble to combat inflation. “At least I would say we have 50% likelihood of a recession globally,” Sewing said at the Future of Finance Summit in Frankfurt, as quoted by Bloomberg.

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Energy majors call on the French to save energy

The chief executives of French energy companies TotalEnergies, EDF, and Engie have urged the country’s households and businesses to immediately lower consumption of fuel, oil, electricity and gas to be better prepared for the winter season.

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