Russia cuts oil production more than anticipated – Bloomberg

Russia slashed its oil output in March by 40% more than previously announced, Bloomberg has reported, citing a source familiar with Energy Ministry data. The decline was the equivalent of around 700,000 barrels per day (bpd), the outlet stated.

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World Bank urges debt restructuring for poor countries

The World Bank will look for solutions to the mounting challenges facing developing countries, the organization’s president, David Malpass, has vowed ahead of its spring session.  “Resolving the impasse in debt restructurings, especially for the world’s poorest countries, is going to be at the center of discussions,” Malpass wrote on Sunday in a blog. The…

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Collective wealth of Moscow’s super-rich ranks third in the world – Forbes

The total net worth of the ultra-wealthy in the Russian capital exceeds $307 billion, the magazine estimates Moscow has been ranked the world’s sixth most attractive city for the super-rich, as the Russian capital is now home to 61 billionaires, up from 53 in 2022, according to the latest ranking published by Forbes.

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