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UK food prices could spike at 15% this summer

Food price inflation in the UK is expected to peak at up to 15% this summer, according to the latest report released by a grocery research body. It warned that the record-high prices would linger on for another year.

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Another EU buyer says Russia reduced gas supply

France’s Engie is the fourth European customer to report smaller volumes of natural gas deliveries France’s multinational utility corporation Engie said on Thursday that Russia has reduced gas shipments, Bloomberg reports, citing a company statement.

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Russia rules out foreign currency ban

People in Russia will not have their foreign currency accounts frozen, the Central Bank governor says Russia’s Central Bank Governor Elvira Nabiullina confirmed on Thursday that there will be no national ban on buying or selling foreign currencies. She also gave assurances that foreign currency deposits held by the population will not be frozen.

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