Since the beginning of 2022, almost 1000 foreign companies have left the Russian market. The reason for this was the tightening of the sanctions policy of European countries towards Russia. Moreover, about 5,000 brands have become inaccessible to Russian consumers.

The Russian president will take part in November’s summit in Indonesia, but not necessarily in person, the Foreign Ministry says Russian President Vladimir Putin intends to participate in the upcoming summit of G20 leaders in Indonesia, but how he does so will depend on the Covid-19 pandemic situation, the Russian Foreign Ministry indicated on Wednesday.

Crude could nosedive if the global economic slowdown hurts demand, Citi analysts predict Crude oil could plunge to $65 per barrel this year and fall further to $45 by the end of 2023 if a global recession cripples demand, Citigroup warned on Tuesday.