Economy

Office paper manufacturer SvetoCopy leaves Russia
Economy

Office paper manufacturer SvetoCopy leaves Russia

The company intends to complete the process of selling the Russian business as soon as possible. The American paper company Sylvamo, which also produces products under the brand SvetoCopy, is leaving Russia and plans to sell the Svetogorsk Pulp and Paper Mill (Leningrad region, owned by “Sylvamo Corporation Rus”). This is stated in the company’s...
Finland is preparing for a possible termination of gas supplies from Russia
Economy

Finland is preparing for a possible termination of gas supplies from Russia

Moscow threatens to react to the statement of the official Helsinki about its intention to join NATO. Key Finnish politicians have been warned that Russia may stop gas supplies to Finland on Friday, Iltalehti newspaper reported on Thursday, citing unnamed sources. The newspaper did not specify where the warning came from, and Reuters could not...
Biden: The United States can make up for the shortage of agricultural products that has arisen due to the crisis in Ukraine
Economy

Biden: The United States can make up for the shortage of agricultural products that has arisen due to the crisis in Ukraine

The U.S. President also spoke about the efforts of his administration aimed at supporting American farmers. U.S. President Joe Biden said on Wednesday that American producers are able to fill the shortage in the world market of agricultural products caused by the situation in Ukraine. The head of the U.S. administration spoke in Illinois to...
Two tankers will deliver liquefied natural gas from the USA to Bulgaria in June
Economy

Two tankers will deliver liquefied natural gas from the USA to Bulgaria in June

Bulgarian Prime Minister Kiril Petkov said that the cost of gas will be lower than the price of Gazprom. The first two tankers with liquefied gas from the USA for Bulgaria will arrive in June; the cost of gas will be lower than the price of Gazprom. This was announced on Wednesday evening, immediately after...
Saudi Aramco has become the most expensive company in the world, ahead of Apple
Economy

Saudi Aramco has become the most expensive company in the world, ahead of Apple

Bloomberg reports that the market capitalization of the Saudi Arabian oil company was $2.43 trillion, and Apple – $2.41 trillion. The market capitalization of the Saudi Arabian oil company Saudi Aramco exceeded that of the American corporation Apple, which makes Saudi Aramco the most expensive company on the planet. This was reported by Bloomberg on...
Biden made a statement on the consumer price index
Economy

Biden made a statement on the consumer price index

The U.S. federal budget deficit decreased by $1.5 trillion in the first seven months of this fiscal year. On Wednesday, President Biden made a statement on the consumer price index for April and inflation – in addition to his speech on the state of the American economy, which was made on Tuesday. The White House...
The House of Representatives approved a package of assistance to Ukraine in the amount of more than $ 40 billion
Economy

The House of Representatives approved a package of assistance to Ukraine in the amount of more than $ 40 billion

Congressmen approved more aid than President Biden requested. The U.S. House of Representatives has overwhelmingly approved a package of more than $40 billion in aid to Ukraine in an effort by Congress to avoid a break in defense assistance and support the government in Kyiv. The bill was approved by 368 votes in favor with...