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Category: Global Economy
The meeting of the 80th session of the UN General Assembly on September 9 was opened for the first time by former German Foreign Minister Annalena Berbock, whose candidacy sparked heated controversy when she was elected to the post on June 2, 2025, Logos Press reported.
Germany and France have proposed to impose sanctions against Russian oil company Lukoil and its subsidiary Litasco as part of the new, 19th, package of sanctions of the European Union, – Logos Press reports with reference to the AFP agency.
The National Road Transport Agency has notified transport operators that as of September 1, 2025, amendments to the legislation of the Russian Federation came into force, providing for the control of payment for travel on toll roads before vehicles registered in foreign countries leave the territory of the Russian Federation, – reports Logos Press.
Automakers in Europe are concerned about the EU authorities’ lack of a pragmatic political plan to transform the industry and argue that the current crisis in this segment of the industry poses a serious threat to the bloc’s economic future,” Logos Press reports.
In the United States, an appeals court has upheld a lower court’s verdict to halt foreign aid from President Donald Trump’s administration.
Due to the drought in the southern and south-eastern regions, Ukraine will miss 3 to 4m tons of grain and oilseed crops. This estimate was voiced by Deputy Economics, Environment and Agriculture Minister Taras Vysotskyy, Logos Press reported citing APK-Inform.
British Defence Secretary John Healey has announced during his visit to Kiev that Ukraine will receive military aid at the expense of frozen Russian assets. The seized Russian funds were used to purchase weapons and other military aid worth more than 1bn pounds sterling, Logos Press reported citing DW.
The countries of the Shanghai Cooperation Organization (SCO) have agreed to establish the SCO Development Bank and seek fundamental reform of the international financial architecture, Logos Press reported.
Europe is still playing a “supporting role” on the world stage, and calls for radical changes for the sake of increasing the competitiveness of the European Union remain unheard, according to European experts, – reports Logos Press.
Ukraine will not receive gas from Azerbaijan and Greece via the Vertical Corridor in September: there were no willing to import fuel via this route, Logos Press has reported.
The French conglomerate, which owns 75 luxury brands such as Louis Vuitton, Dior and jewelry companies Bulgari and Tiffany & Co. is suffering from a slump in sales. The half-year balance sheet released in the summer of 2025 shows LVMH’s revenue fell 4% from the same period a year earlier. Profit from operations fell 15% to €9 billion, Logos Press reported, citing DW.
Russia has lost at least 17% of its oil refining capacity due to the AFU attacks, Reuters reported. According to its data, we are talking about production of 1.1 million barrels per day
