Tag: Ukraine

Ukraine prolongs gasoline import take care of Slovakia

Joel Hooper

KYIV, Nov 1 (Reuters) – Ukraine’s state-run gasoline transit operator GTSO and Slovak operator Eustream have agreed to increase till March 31 a every day 42 million cubic meters (mcm) gasoline import route for Ukraine, GTSO mentioned on Tuesday.

Ukraine has not imported pure gasoline immediately from Russia since 2015. It buys its pure gasoline from European nations equivalent to Slovakia.

“Such a step is optimistic each for Ukrainian prospects, particularly due to the alternatives for importing gasoline to Ukraine, and for non-residents – for storing gasoline in Ukrainian underground storages,” GTSO mentioned in a press release.

According to the

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Saudi’s Ukraine help doesn’t make up for OPEC+ cuts, Blinken says

Joel Hooper

WASHINGTON, Oct 26 (Reuters) – Saudi Arabia’s latest strikes to offer support to Ukraine and its vote on the United Nations condemning Russia’s annexation of Ukrainian territory are constructive developments, however don’t compensate for the “flawed” determination by OPEC+ to chop oil manufacturing, U.S. Secretary of State Antony Blinken stated.

OPEC+, the oil producer group comprising the Group of the Petroleum Exporting Nations (OPEC) plus allies together with Russia, introduced the manufacturing goal after weeks of lobbying by U.S. officers in opposition to such a transfer.

Talking at an occasion on Wednesday organized by Bloomberg, Blinken repeated the U.S. place

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EBRD will make investments as much as 3 bln euros in Ukraine by end-2023

Joel Hooper

LONDON, Oct 24 (Reuters) – The European Financial institution for Reconstruction and Growth (EBRD) stated on Monday it’s going to commit as much as 3 billion euros to Ukraine over 2022 and 2023 to assist shore up the war-torn nation’s companies and financial system.

The lender stated it had dedicated greater than 1 billion since Russia invaded Ukraine on Feb 24 and it was aiming to triple that by end-2023, focussing on channelling funding in the direction of sustaining power and meals safety, restoring rail infrastructure, and supporting the pharmaceutical business.

Discussions had been underway to scale up funding for

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Bitcoin once more considered as secure haven as Russia invades Ukraine

Joel Hooper

Cryptocurrency costs at the moment: Bitcoin worth has surged as traders once more seem to view the risky cryptocurrency as a secure haven for his or her cash and Russians and Ukrainians search options to their nation’s monetary establishments. After initially falling to round $34,000 following Russia’s advance into Ukraine final week, Bitcoin worth pushed about 10% larger on Monday and is now up greater than 25% prior to now week, to $43,900 Wednesday afternoon. Different cryptocurrencies have additionally soared.

Russians are exchanging their quickly devalued rubles for bitcoin to attempt to mitigate the affect of the financial sanctions imposed

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Ukraine will get $34M in cryptocurrency donations

Joel Hooper

BOSTON — A agency that tracks cryptocurrency transactions says $33.8 million within the digital forex has been donated to Ukraine’s authorities and non-governmental organizations there because the begin of Russia’s invasion, almost a 3rd of it on Tuesday.

Chief Scientist Tom Robinson of Elliptic mentioned most donations thus far have been in bitcoin and ether. Some individuals are sending non-fungible tokens, or NFTs, to the Ukrainian authorities’s ethereum account.

Ukraine issued a plea for contributions on Twitter final week. Thus far, it has obtained 30,000 donations, together with $5.8 million from Gavin Wooden, the British programmer who co-founded ethereum. There

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Monetary shares hammer Wall Road as Ukraine disaster escalates

Joel Hooper
  • Goal Corp climbs on robust 2022 outlook
  • Zoom slips on downbeat annual income, revenue forecast
  • Indexes down: Dow 2.05%, S&P 1.67%, Nasdaq 1.50%

March 1 (Reuters) – Wall Road’s major indexes slumped on Tuesday with monetary shares bearing the brunt for a second straight day because the Russia-Ukraine disaster deepened, whereas a surge in oil costs boosted shares of power firms.

Ten of the 11 main S&P sectors declined, with financials (.SPSY)tumbling 3.8% and monitoring its largest each day share decline since June 2020.

Wells Fargo misplaced 5.1%, whereas the broader banks index (.SPXBK) slid 4.9% as U.S. 10-year Treasury

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