Tue, 21-Oct-2025

 United States and its allies must  reduce Russian oil revenue

 United States

The European Union, which is largely dependent on Russia, is preparing to gradually implement a boycott beginning at the end of 2022. Adeyemo said before a U.S. Senate Appropriations subcommittee that since Russia invaded Ukraine in late February, In order to minimize its gain from higher crude prices, the United States is debating with its … Read more

Bahrain outlook improves on fiscal reforms: S&P

Bahrain

S&P Global Ratings has revised Bahrain’s outlook to ‘stable’ from ‘negative’ on the back of new fiscal reforms aimed at improving non-oil revenues and cutting state spending, Reuters quoted the ratings agency, as saying in a statement. Rated below investment grade, Bahrain was bailed out to avoid a credit crunch in 2018 with a $10 … Read more