Petroperu recalled this Friday that vehicular diesel and bottled LPG are not considered within the group of fuels whose price rose due to the war between Russia and Ukraine. This is because vehicular diesel (B5 S-50 UV) and bottled LPG are within the Fuel Price Stabilization Fund (FEPC), so they maintain their prices at S/11.54 […]
Tag: war in ukraine
The US and its allies will strip Russia of “most favored nation” trade status
President Joe Biden announced Friday that the United States and its allies have decided to exclude Russia from the normal reciprocity regime that governs world trade, which opens the door for the imposition of punitive customs tariffs against Moscow in response to the invasion of Ukraine. “We take further steps to ban (trade with) flagship […]
The Russian army extends its offensive in Ukraine by bombing more cities
Russian troops intensify their offensive in Ukraine, where they bombed for the first time the city of Dnipro (center) and two military airfields in the west of the country, while tightening the siege around Kiev, the capital, this Friday, amid complaints about new attacks against civilians. More than two weeks after Russia launched its invasion […]
The conflict in Ukraine puts humanitarian aid in check in the world
If nothing changes, the war in Ukraine will become “in the largest humanitarian crisis in Europe after World War II”, endangering the lives of millions of people as well as humanitarian aid to other countries, says the president of the International Federation of the Red Cross and Red Crescent (IFRC), Francesco Rocca. “If we help […]
BCRP raised reference rate to 4.0% and expects inflation to return to the target range in 2023
The board of the Central Reserve Bank of Peru (BCRP) agreed today to raise the reference interest rate by 50 basis points to 4.0%, thus continuing with the normalization of the position of monetary politics. In the decision of the board of directors of the issuing entity, it was taken into account that the twelve-month […]
“Civilians are shot”: Ukrainian refugees denounce abuses by Russian troops
Some of the more than two million refugees who have left Ukraine and begun to scatter across Europe and beyond bear valuable testimony in making a case for alleged war crimes. Increasingly, those arriving at border crossings are survivors who have fled some of the cities hardest hit by Russian forces. “It was very creepy”said […]
US moves closer to oil countries with dubious reputations, after Russian invasion of Ukraine
Three disreputable oil regimes that have been spectacularly snubbed by President Joe Biden and previous US leaders – Venezuela, Saudi Arabia and Iran – are now being approached by Washington, at a time when world oil prices fuels reach alarming levels due to the Ukraine crisis. However, it is not clear whether US diplomacy will […]
War in Ukraine, last impulse to an inflation that does not yield in the US.
Inflation continued its ascent in February in the United States and reached a maximum in 40 years for the measurement to 12 months, driven now by the price of fuels, which rise due to the war in Ukraine and add to persistent supply problems. In the last twelve months to February, inflation was 7.9%, the […]
Bank for International Settlements suspends the Central Bank of Russia
The Bank for International Settlements (BIS), where the governors of the central banks meet to discuss monetary policy issues, announced this Thursday, March 10, that it suspended the Central Bank of Russia. In statements to the AFP agency, a spokeswoman for the entity said that she was bending to the international sanctions of suspending the […]
ECB reviews debt purchase schedule due to Russian invasion of Ukraine
The European Central Bank (ECB) stated that the Russian invasion of Ukraine is a turning point and therefore has decided to review the schedule of debt purchases for the coming months. After the meeting of the Governing Council, the ECB reported in a statement that it will end the debt purchases due to the pandemic […]