Economy

The IMF has updated its adverse scenario for Ukraine during the 8th EFF program review, highlighting elevated risks and revised macroeconomic forecasts.

Orlen has officially ceased purchasing Russian oil for its Czech refinery “Litvínov,” marking the end of a long-standing dependence on energy imports from Russia.

Despite EU promises, European manufacturers remain dependent on Chinese critical raw materials, says AMG Lithium.

Russia sees import delays from Kazakhstan, Armenia, Georgia, and Kyrgyzstan due to tighter customs control under sanctions. Consumer prices could increase by 10%.

Ukraine increased wheat exports to Egypt by 19% in the 2024/25 MY, with total deliveries expected to exceed 2.1 million tons, securing Egypt’s strong position.

Inter RAO reduced electricity exports by 4% due to falling deliveries to China and low water levels at hydropower reservoirs, reports Baltimore Chronicle.

Central banks shift away from the dollar, boosting gold, euro, and yuan reserves — OMFIF data reveals a growing global trend toward diversification.

Russia’s metallurgy industry faces collapse: demand plummets, exports halted, credit inaccessible. Industry leaders report multi-billion-ruble losses.

U.S. strikes on Iran’s nuclear infrastructure may trigger a surge in oil prices, heighten geopolitical instability, and increase market volatility.

For the first time since 1992, Ukraine has surpassed Russia in trade volume with Germany — total trade reached €840 million, reports Baltimore Chronicle with reference to official sources.