Local refineries will import oil directly from Russia. The first cargo will consist of 100,000 metric tons of crude oil. Pakistan is to receive its first cargo in December. Pakistan has signed a long-term oil purchase agreement with Russia, making significant progress in buying cheap oil from Russia, Bol News reported. According to sources from … Read more
Japan’s core consumer price inflation crept up to 3.7%. High import prices made the economy worsen. In the US, the annual inflation rate is 7.1%, EU and the UK, it is 11.1% and 10.1%, respectively. In November, Japan’s core consumer price inflation crept up to 3.7%, the highest level since 1981. That was when a … Read more
G7 nations agree to impose a price cap on Russian oil. Aim is to limit Moscow’s ability to fund its war in Ukraine without escalating global inflation. The maximum price would be set by “a broad coalition” of countries. Russia has threatened to retaliate against countries that impose price controls. The world’s largest economies agreed … Read more
G7 prepared to consider energy price restrictions to limit Russian earnings. Leaders will examine the “feasibility” of placing temporary price controls on energy imports. A US-led campaign for a cap on the price of Russian oil has received support from G7 countries in recent months. During a conference that has been overshadowed by fears of … Read more
The move is part of ongoing efforts to hold Russia accountable for its war in Ukraine. They also said to block attempts to evade Western sanctions. Britain and the US would announce the move on Sunday, followed by an official announcement. G7 to declare restriction on new Russian gold imports on Tuesday. A senior US … Read more
UNICEF Afghanistan warns that ten million children in Afghanistan are in desperate need of humanitarian support. According to UNICEF, Afghani children are already surviving on charitable aid and about a million are anticipated to undergo life-threatening undernourishment this year. UN’s World Food Program strives for $200m in food aid. Whereas, earlier Taliban have issued a … Read more
