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Business Featured Finance World

Russia boosts seaborne fuel oil exports to India and Turkey in May, data shows

Russia increased seaborne fuel oil and vacuum gasoil exports to India and Turkey in May as falling oil product prices attracted buyers, while the hot summer season required more fuel for energy production, trade and shipping data showed. Oil prices fell to four-year lows as an OPEC+ decision to expedite its output hikes stoked fears about rising […]

World Featured Finance News trade

Sanctions, trade shocks, and firms’ adjustment margins

The sanctions which followed the 2022 Russian invasion of Ukraine generated a large trade shock for firms trading with Russia. This column examines the short-run response of firms in Latvia – a small open economy with strong pre-war trade ties with Russia. The author finds that firms with lower initial exposure to Russia were the […]