Russia’s invasion of Ukraine means that the food inflation that has been plaguing consumers around the world is turning into a widespread crisis, one that could exceed even the impact of the pandemic and leave millions more suffering. hunger. Together, Russia and Ukraine they represent a huge part of the world’s agricultural supplies, exporting so […]
Tag: war in ukraine
Russia suspends sale of foreign currencies until September 9
Updated on 03/08/2022 10:23 pm Russia has suspended foreign currency sales for six months, the Central Bank (BC) announced, as the country faces an arsenal of Western sanctions over the invasion of Ukraine. “Banks will not be able to sell foreign currency to citizens” between March 9 and September 9, indicated the BC Russian in […]
Spanish supermarkets ration sunflower oil due to the war in Ukraine
Updated on 03/08/2022 02:29 pm Several Spanish supermarkets have begun rationing the sale of sunflower oil to prevent consumers from rushing for large stocks fearing the war in Ukraine will wipe out supplies. “Due to the situation of force majeure in Ukraine, sunflower oil supply problems are occurring. For this reason, the purchase of this […]
US ordered embargo on oil and gas imports from Russia
the president of United States, Joe Bidenordered this Tuesday, March 8, the embargo on US imports of oil and gas due to the war in Ukraine by Russia. “Russian oil will not be accepted at US ports,” Biden said at a press conference from the White House and also replied on his Twitter account. The […]
War in Ukraine: Shell will stop buying oil and gas from Russia
In the midst of the war in Ukraine, the company shell announced this Tuesday, March 8, that it will stop buying gas and oil from Russia; as well as the closure of its gas stations in that country, but that they will not be able to disassociate themselves from the country immediately due to long-term […]
War in Ukraine: impacts of the rise in the price of copper in Peru
The intensity of the war in Ukraine caused a great impact on the financial markets this Monday, March 7, after the prices of the metals broke new records. One of them was the copper pricewhich reached a record high of US$ 10,845 a ton on the London Metal Exchange (LME), before closing at US$10,730, a […]
The United States seeks international support to ban the purchase of Russian oil
The United States is rallying international support to ban the import of Russian oil as an additional measure to increase the cost of the invasion of Ukraine and, in turn, seeks alternatives to guarantee energy security, reported the EFE agency. Within the framework of these contacts, the US president, Joe Biden, held a new video […]
War in Ukraine: Peru will benefit from high metal prices, according to Fitchs
Fitch Ratings pointed out, this last Monday, March 7, that the impact of the high prices of raw materials such as the highest of metals will benefit Chile (A-/Stable) and Peru (BBB/Stable) (although a major shock to global growth could cause prices to fall), but as importers of Petroleumthe benefit will be offset by higher […]
Gazprom claims that it is complying with the supply of gas to foreign customers
Russian state gas concern Gazprom affirmed that it has been complying with all gas supply requests from foreign consumers and has guaranteed long-term supply contracts for said resource. To this end, the Russian company has indicated, through a statement, that the Ukrainian corridor for gas pumping is being used 100% under the transit agreement. However, […]
War in Ukraine: gold and copper accumulate profits, red metal exceeded US $ 10,800
The war in Ukraine intensifies, and this last Monday, March 7, metals such as gold and the copper they have accumulated new price gains in the face of the general advance due to a fear in the supply of these and the sanctions on Russia. The gold futures rose above $2,000 an ounce for the […]