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Economy

Lithuania: restrictions on transit to Kaliningrad will remain
Economy

Lithuania: restrictions on transit to Kaliningrad will remain

Vilnius is developing new control rules for sanctioned cargo. Restrictions on trade flows to Kaliningrad will remain in place while Lithuania develops new control rules for some sanctioned cargo. This was stated on Thursday by Prime Minister Ingrida Simonyte at a press conference. She did not name the timing of the introduction of new rules....
The U.S. will call on the G20 to put pressure on Russia to resolve the grain crisis
Economy
The U.S. will call on the G20 to put pressure on Russia to resolve the grain crisis
Representatives of the U.S. and German diplomatic agencies discussed assistance to Kyiv and food security
Economy
Representatives of the U.S. and German diplomatic agencies discussed assistance to Kyiv and food security
The head of the U.S. Federal Reserve does not rule out a recession in the event of an excessive increase in the base rate
Economy

The head of the U.S. Federal Reserve does not rule out a recession in the event of an excessive increase in the base rate

Last week, the Fed raised its benchmark interest rate to 1.5-1.75%. Chairman of the Federal Reserve System (Fed, performs the functions of the central bank) of the United States Jerome Powell does not rule out a recession in the country in the event of an excessive increase in the base interest rate. Powell on Wednesday...
Biden called on Congress to abolish the fuel tax in the United States for three months
Economy

Biden called on Congress to abolish the fuel tax in the United States for three months

The White House press service said that the U.S. president “understands that the suspension of the fuel tax will not in itself weaken the price increase.” The U.S. President Joe Biden has called on Congress to temporarily abolish the federal fuel tax due to rising gasoline prices. This was reported in a statement issued on...
Nauseda: Lithuania is ready for Moscow to disconnect it from the regional energy system
Economy

Nauseda: Lithuania is ready for Moscow to disconnect it from the regional energy system

At the same time, according to the Lithuanian president, he does not expect a military confrontation with Russia. Lithuania is ready for Russia to disconnect it from the regional power grid in response to the blocking of railway supplies of a number of Russian goods to the Kaliningrad region, but a military confrontation is not...
International Energy Agency: Russia may stop gas supplies to Europe
Economy

International Energy Agency: Russia may stop gas supplies to Europe

Fatih Birol, head of the IEA agency, believes that Europe needs a plan in case of extreme circumstances. Russia may completely stop supplying gas to Europe as it seeks to strengthen its political influence in the context of the Ukrainian crisis, the head of the International Energy Agency (IEA) Fatih Birol said on Wednesday. In...
The U.S. modifies its tariff policy towards China
Economy

The U.S. modifies its tariff policy towards China

According to the Finance Minister, some tariffs inherited from the Trump administration “do not serve any strategic purpose.” The Biden administration is considering the cancellation of some tariffs for China, as well as a possible suspension of payment of the federal gas tax, as the United States tries to cope with rising gasoline prices and...
The U.S. urged to increase oil and gas production around the world
Economy

The U.S. urged to increase oil and gas production around the world

This includes both OPEC and American producers, Energy Secretary Jennifer Granholm said. The United States is calling on oil and gas producers around the world to increase energy production. This was stated by U.S. Secretary of Energy Jennifer Granholm in an interview with CNN, aired on Sunday. “President [U.S. Joe Biden] has asked all suppliers...
The head of the U.S. Department of Agriculture: temporary granaries will be a salvation for Ukrainian exports
Economy

The head of the U.S. Department of Agriculture: temporary granaries will be a salvation for Ukrainian exports

According to the U.S. Secretary of Agriculture, it is necessary to ensure the salvation of the winter harvest of Ukrainian grain, which may disappear due to the lack of storage facilities. The construction of temporary grain storage facilities on the border with Ukraine will prevent Russia from stealing Ukrainian grain and ensure that the country’s...