Russia sets out how it will financially support new regions

Donbass, Kherson and Zaporozhye may be exempt from income tax for 10 years, according to a government plan Russia’s Ministry of Economic Development announced on Wednesday that it will launch a state financing program to support the Donetsk and Lugansk People’s Republics, as well as Kherson and Zaporozhye Regions. According to the ministry’s statement, the…

275
Like
Save
OPEC+ confirms oil production cut

The biggest output reduction since early 2020 has come despite US pressure to pump more OPEC+ member states have agreed an oil production cut of two million barrels per day, a statement published on the group’s website reads.

899
Like
Save
EU nation temporarily waives anti-Russia sanctions

Bulgaria will exempt fuel supplies from the embargo, in view of the country’s economic plight Energy-starved Bulgaria will temporarily cease to enforce EU sanctions on Russian fuel, to ensure the work of government institutions, the state press service reported on Wednesday following a Cabinet meeting.

518
Like
Save