Economy

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Pashinyan accuses Gazprom of corruption

Armenia's State Revenue Committee has carried out an audit in Gazprom Armenia and revealed a number of violations and cases of tax evasions. According to the committee's press service, during 2016 and 2017, the company …

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Brent oil trades below $65

January 2019 futures for Brent crude oil were trading below $65 per barrel for the first time since March 16, according to the London-based ICE stock exchange data. The trading began at $69 per barrel and the price lost 7.30% throughout …

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Russia earns nothing from expensive oil

Russia's economy has received almost nothing from high oil prices, as all the income was evened by  a net capital outflow, which was intensified as a result of the fear of new sanctions, Chief Economist of VEB development bank …

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 Senators tell Trump to back off  Federal Reserve

U.S. senators Jeff Flake and Chris Coons called on President Donald Trump to back off the Federal Reserve. "We are concerned about your recent comments harshly criticizing the Federal Reserve for its interest rate …

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 Oil price to reach $137 in 2040?

The International Energy Agency (IEA) has improved its forecast for oil price by 6% to $88 per barrel in 2025 and by 0.9% to $112 per barrel in 2040, according to IEA’s World Energy Outlook 2018 report. According to the New …

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 SWIFT cuts off Iran's Central Bank

SWIFT cut-off Iranian financial institutions, including the Iranian central bank, targeted by the U.S. sanctions, Deputy Secretary of the U.S. Treasury Sigal Mandelker said. The U.S. Treasury official stressed that …

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 Brent oil drops below $69

The price of international benchmark Brent crude oil futures fell below the $69-a-barrel mark today for the first time since April 10 to $68.9, TASS reported. Saudi Energy Minister Khalid al-Falih said on Monday the …

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Lukoil head: current oil price "fairly high"

President of Moscow-based Lukoil Vagit Alekperov has argued that the current oil price is “fairly high” Alekperov has predicted the oil price will remain at its current levels until the end of 2018, and …

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Oil price slides to crisis levels

The price of Brent crude oil fell below the $70-a-barrel mark today for the first time in seven months, moving to the brink of bear-market territory. As of 15:57 (MSK), Brent crude reached $69.87 a barrel on ICE Futures Europe. Brent …

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