RUSSIAN-UKRAINE WAR - FINANCIAL SURVIVAL AMID ANTI-RUSSIAN SANCTIONS

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GLIMPSE OF RUSSIAN ECONOMY NOW RUSSIA ECONOMY STABLES AMID SANTIONS https://rb.gy/x0cwr8QUICK GLIMPSES OF RUSSIAN ECONOMIC ACTIVITIES

The Russian Economy withstands acute anti-Russian sanction by the Western Nations

The Russian Prime Minister Mishustin affirms survival of Russia’s financial system amid International stringent sanctions as the ruble exchange rate is stabilizes. The Anti-Russia member nations dice & device new economic offensive strategies against Russia, but the inside fact reveals, revert to normalcy as the payments and exchange rate of Ruble indicates stability – confirms the Cabinet Head of Russia.

Oil and Coal Export to China

On the other side of Ukraine Invasion and Sanctions, Russia engages in economic bolstering activities. The companies in China have started purchasing coal and oil from Russia, and both, coal and ESPO crude consignment is expected to be delivered to Chinese refineries in May 2022. Russian oil exporters options Chinese coal importers to transact in Yuan, Chinese currency. The Bank for International Settlement (BIS) confirms dollar’s share settling at 88% at the global level. In the previous year, Russia was China's 2nd largest coal supplier.

Sanctions costs the Gas & Oil Giant - Shell for Q1-2022 $4 billion - $5 billion

The Oil and gas giant Shell, estimates its loss for the period Quarter-1, 2022, between 4-5$ dollars which it published on its website accounting asset depreciation due halt in business trade with Russia due to sanctions. Shell, due to sanction pressure from the West, had to suspend its business supplies to Russia. It withdrew joint ventures with Gazprom & Gazprom Neft, Salym, Sakhalin-2, and Yenisei petroleum. 


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Thank You

Amit Rao - News Writer

Google News - UNCNBCCNNNEWS

Google News - PURITY DRIPS

Location: Russia

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