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In 2024, Germany hopes to persuade Kazakhstan to increase pipeline oil supplies through Russia to German refineries to 2 million tons this year, which is 1.7 times more than the current contract. However, the price of the supplies will be a determining factor, as Astana will need to reduce volumes...

By Rhod Mackenzie

In February, Russia's oil and gas revenues surged by over 80% from the previous year to exceed $10 billion, owing to the increase in crude prices.

The Finance Ministry reported that budget revenues from oil and gas taxes amounted to 945.6 billion rubles ($10.4 billion) last mon...

By Rhod Mackenzie

On March 5, during a meeting with representatives of the agro-industrial complex in the Stavropol Territory, Russian President Vladimir Putin endorsed the proposal to establish a grain exchange under the BRICS framework.
He noted that stock speculation affects prices, which in t...

On March 5, the Russian Presidential Assistant Yuri Ushakov announced that the BRICS member states plan to establish a payment system based on modern technologies such as digital currencies and blockchain.

The goal is to create an independent settlement payment system within the BRICS framework.

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Recently, Qatar's Energy Minister Saadi al-Kaabi spoke about new plans for the development of the gas sector. Doha plans to increase gas production by another 13%, which will allow Qatar to control a quarter of the world's liquefied natural gas (LNG) exports. Doha, of course, expects further signifi...

The spring session of the National People's Congress (NPC), the primary legislative body of the PRC, has commenced in Beijing. It is anticipated that the NPC will announce economic growth targets and objectives for the year, as well as measures to support the economy, which is currently facing chall...