Rysk ekonomisk politik: Varför går det så bra?

The EU has been trying to cut back on Russian oil, but it's still buying more of it than anyone else

Oct. 10, 2022

The EU remained the largest importer of Russian fossil fuels in September, according to the CREA.

It has imported over 100 billion euros worth of Russian fuel since the Ukraine war started.

The EU is still importing about 260 million euros worth of Russian fossil fuels each day.

Oil Minister: Iran will become regional energy center

The swap agreement on gas and oil supplies between Iran and Russia will turn Iran into a regional energy center, Iranian Oil Minister Javad Ouji stated, Mehr reports.

He spoke about joint investments in the production of LNG (liquefied natural gas) and technologies related to gas equipment with "Gazprom". He said that following the talks with "Gazprom" and other companies the total amount of signed memorandums of understanding reached $40 billion.

He said Moscow and Tehran are cooperating in developing the North Pars, Kish and South Pars fields, adding that "we have signed memorandums of understanding on gas exports to Pakistan and Oman as well as on the construction of an export pipeline to two neighboring countries, which will be jointly implemented by Iran and Russia."

He called Iran's cooperation with the Caspian states in the field of oil, gas and energy "strategic" and expressed hope that an agreement to exchange 15 billion cubic meters of gas would be concluded within a few weeks.

In boost to rupee trade mechanism, two Russian lenders open special vostro accounts

Oct 23, 2022

In what will come as a boost for trade between India and Russia, two Russian lenders have opened special vostro accounts in their respective branches in Delhi, PTI quoted sources as saying.

Russia's two largest banks - Sberbank and VTB Banks - opened the accounts after receiving the nod from the RBI.

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The move to open the special vostro account clears the deck for settlement of payments in rupee for trade between India and Russia, enabling cross-border trade in the Indian currency, which the RBI is keen to promote.

‘God put you in power’, Putin told by Russian Orthodox leader on 70th birthday

The head of the Russian Orthodox Church Patriarch Kirill said on Friday that Vladimir Putin’s reign over Russia had been mandated by God, congratulating the Kremlin chief on his 70th birthday. “God put you in power so that you could perform the special operation of great importance for the fate of the country and the people entrusted to your care,” the patriarch said, joining a chorus of Russian officials congratulating Putin.