World economy may split into rival blocs – ECB

Fragmentation will have severe implications for global trade and financial stability, Christine Lagarde warns Growing geopolitical tensions could accelerate the world economy’s deglobalization process, which would have far-reaching implications for all, European Central Bank (ECB) President Christine Lagarde warned on Friday.

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NATO comments on nuclear guarantees for Russia

Hosting nuclear weapons is a “sovereign” matter to be decided by NATO members, the deputy head of the US-led bloc says NATO is not inclined to give Russia any security guarantees on the deployment of nuclear weapons on the territories of its two newest prospective members, Finland and Sweden, the bloc’s Deputy Secretary-General Camille Grand…

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Russia to reduce oil discounts – RBK

The price of Urals crude is planned to be fixed at $15 per-barrel below Brent next year The Russian government plans to continue reducing the discount of Russia’s flagship Urals blend of crude oil to the Brent benchmark, RBK business daily reported on Monday, citing a draft of the federal budget for 2024-26.

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