News about International trade
The U.S.-Israeli war against Iran is a blatant violation of international law. So are almost all other wars launched since the 1945 United Nations Charter, which prohibits the use of force except in self-defense or, as in the case of the Korean War (1950-53) and the First Gulf War (1990-91), with Security Council authorization. The current war with Iran stands out not for its illegality but for its lack of a clear or achievable objective.
Polish President Karol Nawrocki has decided to block a law on the country’s participation in the EU’s SAFE program, under which Poland claims about 44 billion euros in rearmament loans.
Food and agricultural products account for more than 60% of Iran’s total supplies to Russia. The Russian market is significantly dependent on imports of Iranian fruit and vegetable products during certain periods of the marketing season.
The transportation of liquefied natural gas from the USA via Romania is extremely important for Ukraine and at the same time beneficial for Moldova. Ukrainian President Volodymyr Zelenskyy said this in Bucharest at a joint press conference with Romanian President Nicusor Dan after their official meeting.
US President Donald Trump has suspended sanctions on the purchase of Russian oil around the world. The measure will be in effect until April 11, and it concerns oil that is already at sea.
More and more Romanian drivers are crossing the Prut River to refuel in Moldova.
Global markets of exchange-traded agricultural products have entered a phase of moderate growth. In this situation, hedge funds are gradually increasing their purchases of oilseeds and grains, anticipating a period of high price volatility.
The Moldovan government has voted in favor of approving bills on the denunciation of the Agreement on the Establishment of the Commonwealth of Independent States.
The International Energy Agency (IEA) has updated its forecast for global oil production rates in 2026.
Over the past three years, 177.7 million tons of cargo have already been transported through the Ukrainian sea corridor, of which 106.4 million tons is grain. Exports are carried out to 55 countries of the world.
The Parliament of Kazakhstan ratified an agreement that will allow the country to supply clean energy directly to the European Union. The technical highlight of the project will be the unique laying of a deep-water current cable under the Caspian Sea.
Tax changes and military force-majeure in Iran left grain market of Kazakhstan in stagnation: deals are single, prices are corrected, and market participants are cautiously looking for new benchmarks.
The International Energy Agency (IEA) proposed to release a record volume of oil from strategic reserves (more than 182 million barrels) to stabilize prices that have risen sharply due to the escalation of the conflict in the Middle East, The Wall Street Journal writes, citing informed sources.
Chinese garment factories have announced price increases amid a sharp rise in the cost of chemical fibers, including polyester and acrylic. The cost of these materials has increased by more than 10 percent since the start of U.S. and Israeli military action against Iran, according to representatives of seven factories in the country’s southern and eastern provinces.
UPDATED. The Cabinet of Ministers has approved a draft decree on the denunciation of the agreement on the creation of the CIS and its protocol, as well as a draft decree on the denunciation of the CIS charter. According to the government’s estimates, the economic consequences of the withdrawal from the CIS bodies will be minimal – the country will remain a party to a number of agreements in the trade, economic and social spheres.
There is a simple rule in the global financial system: money runs away from risk. Today, this principle may affect one of the richest regions of the planet. Sovereign wealth funds in the Gulf countries control trillions of dollars. And if the war over Iran changes their investment strategy, the consequences could be felt by markets around the world.
The Moldovan government is going to raise the rent for the land on which the Giurgiulesti International Free Port (GIFP) is located almost 30 times.
Indian refiners bought about 30 million barrels of Russian crude after the U.S. gave the green light for such deals, with the price topping Dated Brent by $2-8 a barrel, Bloomberg wrote, citing informed sources.
A commission from Hungary has left to inspect the condition of the Druzhba oil pipeline stopped by Ukraine. It will soon become clear whether they will be allowed to enter the country at all and how the situation will develop after their arrival in Kiev. This was stated by Hungarian government spokesman Zoltan Kovacs.
US President Donald Trump announced on Tuesday that America First Refining (AFR) will build a new refinery in the state of Texas. This means that the US will have the first major refinery built in the last 50 years.
