Economy

EU to seek exemption from US Inflation Reduction Act for European companies
Bloc reiterates its commitment to maintaining high-level dialogue with US to defend interests of European business.

Russian oil exports rise to a seven-month high in November: IEA
Share of Russian oil exports to EU falls to 28% while India’s share expands to 18%, International Energy Agency says.

Asian Development Bank lowers GDP forecast for developing Asia
China's pandemic measures, Russia-Ukraine war, and monetary policy tightening slowing down post-pandemic recovery process, says bank.

Türkiye's Togg aims to enter European market in 2024
Firm focuses on Scandinavian countries firstly, CEO says.

Global trade set to reach record level of about $32T in 2022: UN report
Deteriorating economic conditions, rising uncertainties resulted in trade slowdown in 2nd half of 2022, says UN Trade and Development Agency.

Europe has just switched gas dependency from Russia to US: Kremlin
European desire to end dependence on Russia 'absurd, 'completely frenzied,' says spokesman Dmitry Peskov.

Moldova to purchase 5.7M cubic meters of natural gas from Russia amid energy crisis
Moldova’s natural gas company to also purchase 3.5 million cubic meters of natural gas from local supplier, says company head.

OPEC+ agrees to continue output cut
Decision comes day before EU ban, price cap on Russian oil exports comes into force.


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