The European Commission has proposed a broad new package of sanctions against Moscow over the conflict in Ukraine. They include restrictions on Russian coal imports, bans on more banks and ships entering European ports. However, Brussels has avoided targeting imports of oil and natural gas from Russia.
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Germany has retained its position as the largest exporter of beer to Russia over the past two years, RIA Novosti reported earlier this week, citing international trade statistics covering 2022-2023. Export data for the first ten months of last year shows that Germany accounted for about a third of the Russian market. In 2023, German…
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The United States will probably enter a recession if oil prices continue to soar and surpass $200 a barrel, Goldman Sachs chief economist Jan Hatzius said on Thursday. “We estimate that it would take a sustained oil price increase to $200 per barrel to produce an income shock similar in magnitude to those that precipitated…
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