Shipments have reportedly averaged 3.5 million barrels a day for the past four weeks Russian seaborne oil exports climbed steadily to reach a four-month high in the week to October 22, Bloomberg reported on Tuesday, citing tanker-tracking data.
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The Bank of England has set up a fund to bail out UK energy companies that face financial difficulties due to rising energy prices, The Guardian reported on Thursday. The bailout fund, which will offer as much as £40 billion ($46 billion) in loans to struggling energy companies, was announced by Prime Minister Liz Truss…
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Exactly how much of that sum consists of the country’s forex reserves is still unknown, the outlet says, citing an official document Roughly €68 billion ($70 billion) in Russian assets have been frozen by the EU, most of which are in Belgium, Politico reported on Friday.
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