Germany inflation is on the rise again this year and has led to the downfall of the economy. The declining economy of Europe’s largest economy has resulted in the market downfall and higher prices of most consumer goods. Consumer goods such as dairy products, confectionary such as jam and bread, and fresh produce such as […]
Russian crude oil supplies are gaining traction in Asian countries and developing a refining capacity. The concerned authorities increasingly manufacture these refineries. The reports suggest that these refineries are refining Russian crude oil. But for what? The countries where the imports of crude oil are increasing in value from the inbound shipments of Russia are […]
Ukraine’s food exports to the EU have declined in the post-war period, specifically in the immediate aftermath of the Russia-Ukraine war, which started out in February this year. Following the first quarter of 2022, the second quarter registered a significant downfall. Since the Russian invasion of Ukraine in February 2022, food security in several countries […]
Key Highlights Western sanctions on Russian and Belarussian exports, and Chinese export restrictions have created turmoil in the global fertiliser market. Buyers have been busy this year finding alternative suppliers due to the sharp drop in fertiliser exports from Russia, Belarus, China, and the European Union. Favourable weather conditions in the major growing regions during […]
The European Union (EU) is going through a phase of soaring energy prices as a result of the Russian invasion of Ukraine. The high energy prices in the EU have influenced the authorities to devise measures to go into a self-reliant mode to meet domestic demand. The members of the European Union are proposing a […]
Russia withdrew itself from the UN-brokered deal, which stated that the Russian Federation allows Ukraine to export grain through the Black Sea en route. The withdrawal was likely to impact wheat and related food markets all over the world, along with wheat imports globally. While Russia, after suspending the extension of the UN-brokered Ukraine grain […]
Denmark’s clean energy transition is taking a fast pace as the country is lessening its dependence on fossil fuels. The Danish government’s efforts are majorly directed toward lessening the usage of fossil fuels to make a transition. Denmark is moving towards a clean energy transition from fossil fuels. One report suggests that wind and solar […]
Russia-UK trade values show a decline in the imports of the UK for 2021 as compared to 2020. The revelation of the trade of Russia with other countries shows contrary parallels, as the UK is the only exceptional country among all the top exporting partners of Russia. There might be several reasons why the trade […]
It has been a tough year for international coal markets in the first half of 2022. On 1st January, Indonesia banned coal exports to protect supplies for its power stations. The month-long measure by the world’s biggest coal exporter injected volatility into the global coal market, but Russia’s invasion of Ukraine really set prices of […]
Key Points EU leaders say they will block Russian oil imports arriving by sea by the end of 2022. EU has also committed to reducing gas imports from Russia by two-thirds within a year. About half of Russia’s crude oil exports went to Europe in 2021. The Netherlands was the biggest importer of Russian oil […]
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