Sunday, July 3, 2022

Resources

‘Find roubles’ if you want Russian oil, grain or metals, top lawmaker says

After the West imposed sanctions on Russia in response to the invasion of Ukraine, Russian President Vladimir Putin demanded that natural gas exported to Europe or the US should be paid for in his country's currency.

Oil leads mad rush to resources, stagflation a risk

Brent crude topped US$117 per barrel and is now up almost 20% on the week, while everything from coal to natural gas and aluminium are on fire as Western nations tighten sanctions on Russia.

Christmas isn’t cancelled despite choked port, Britain says

Maersk, the world’s largest container shipping company, has diverted some vessels from Felixstowe port in eastern England because a lack of truck drivers means there is nowhere left to stack containers at the port.

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