CPC Reports Halts in Black Sea Oil Loading After New Attack

Despite a declared 'no limits' friendship, Russia is facing a nearly 90% markup on sanctioned goods imported from China, in stark contrast to a 9% markup from other countries. This situation arises as the value of Chinese ball-bearing exports to Russia surged by 76% from 2021 to 2024, even as the quantity of these exports decreased by 13%.

The Russian stock market closed lower, with the MOEX Russia Index remaining unchanged, reflecting a period of stagnation in trading activity. This follows a recent decline of 1.75% in the index, indicating ongoing challenges faced by investors amid geopolitical tensions and economic uncertainties.

The MOEX Russia Index closed higher, up 2.11%, indicating a positive trading session in the Russian stock market. This increase reflects a rebound in investor sentiment following previous fluctuations in market performance.

Russia's oil and gas revenues are experiencing a significant decline due to sanctions, decreasing crude prices, and a stronger ruble, which are all straining Moscow's budget amid ongoing war expenditures.

Ukraine's security service reported successful strikes on two ocean-going tankers off Turkey's Black Sea coast, which were under sanctions for transporting Russian oil. This action marks a significant escalation in Ukraine's efforts to disrupt Russian oil exports amid ongoing tensions in the region.

Russia has confirmed it will deliver the agreed energy supplies to Hungary, as stated by Hungarian Foreign Minister Peter Szijjarto. This commitment is part of ongoing energy cooperation between the two nations, emphasizing Hungary's reliance on Russian energy resources.

The MOEX Russia Index closed down 1.75%, reflecting a negative sentiment in the Russian stock market at the end of trading. This decline indicates ongoing challenges faced by investors in the region amid geopolitical tensions and economic uncertainties.