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Russia has lost almost all its customers in Europe, which bought 48% of its crude exports by volume last year. To compensate, it has been sending more crude to Asian markets in…
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DOI: 10.1108/OXAN-DB274825
ISSN: 2633-304X
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The current account is showing a healthy-looking surplus as export commodities are priced high and imports shrink. That may change as sanctions bite into exports of oil and other…
The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…
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DOI: 10.1108/OXAN-DB285518
ISSN: 2633-304X
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Russian Arctic update.
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DOI: 10.1108/OXAN-DB246950
ISSN: 2633-304X
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Nevertheless, for the first time since the war broke out, the central bank has presented a monetary policy strategy and the finance ministry a budget.
Most of Russia’s hydrocarbon export revenues are generated from oil now that gas sales have collapsed. Ambitious state spending plans are based on oil revenues rising this year…
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DOI: 10.1108/OXAN-DB284811
ISSN: 2633-304X
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The IMF recently recommended structural reforms to bolster the economy, which has struggled to recover from the impact of the COVID-19 pandemic. Brunei has long been reliant on…
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DOI: 10.1108/OXAN-DB284691
ISSN: 2633-304X
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Ukraine looks poised to pursue maritime drone attacks against Russian military vessels and port infrastructure. It is also trying to persuade foreign shipping and insurance…
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DOI: 10.1108/OXAN-DB281220
ISSN: 2633-304X
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Sri Lanka’s foreign exchange (forex) reserves fell to USD1.6bn at end-November, enough to finance only about one month’s imports. Colombo has in recent years relied on…
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DOI: 10.1108/OXAN-DB266266
ISSN: 2633-304X
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Washington has re-joined the Paris agreement and announced new climate commitments, but still faces a credibility gap. It must demonstrate by November’s COP26 summit, how it can…