How Russia's economy has invested in wheat and chocolate to overcome lower than expected oil revenue. Hear Chris Weafer on BBC World Business Report. Plus the proposed wealth tax in Germany & the cost to Afghanistan's economy if women are excluded. Click bbc.co.uk/sounds/play/w1…

Graphic showing that not only has Gazprom not cut gas flows to Europe this year, but added significant export volumes #OOTT #Gazprom #GasCrisis #Russia

Macro-Advisory CEO Chris Weafer speaking to BBC World Business about the economic & demographic challenges facing the Kremlin in the coming years - and how it is positioned to deal with these challenges. BBC World Interview youtu.be/KMiZ0R-aNYg via YouTube #Russia #OOTT

The OPEC+ meeting takes place to decide on future production strategy. It comes against a backdrop with #Brent trading just under $80 per barrel. This is still less than many #OPEC producers need to balance their budgets but..

This is why we are in this mess von Leyden saying Gazprom not increasing production when actually it has - to record levels & exports to Eu also up 20% ytd to record levels. To German up >40%. To turkey >200%. This data is all public! It’s the market stupid.

President Putin has confirmed that Russia will exceed the contracted volume it sends via the Ukraine pipeline system to send more gas to Europe ahead of winter. Russia has always positioned itself as a reliable energy partner to Europe..

..and now plans to exceed contracted deliveries to allow European customers to rebuild their reservoirs. But Moscow also considers it has also made the case for NordStream 2 – that point could not be clearer after supply concerns caused this year’s huge gas price rise.  #OOTT

Gazprom is confident it will be able to send 5 Bcm through the new pipe before the end of the year.  The US Congress is still trying to block NS2 but this year’s price spike means there will be few supporters of any such action in Europe. #NS2 #OOTT #Russiagas #gas #Europe

Read Macro-Advisory CEO Chris Weafer comments about the oil market and Russia's position within OPEC+ in the article linked here. #OOTT #OPEC Satisfied OPEC+ keeps oil supply status quo neweurope.eu/article/satisf… via New Europe

“Also, with the spike in gas prices this year, it really is a boom time for the Russian budget. The country’s balance sheet has been so good. President  Putin must be pleased he agreed to participate in OPEC+,” Weafer said. #OOTT #Russiaenergy #OPEC+

Long queues at #Moscow airport for UK arrivals. #Russia has introduced an additional airport test for those arriving from the UK, Ireland, China & Israel to check for the Omicron variant. As to why these countries and these only?  Nobody has offered any explanation #covidvariant

I can't recall a single time Putin has sacked a senior politician a day after protests have started. He might throw a regional chunovnik under the bus months later but IMHO the speed of these events, the scale and now the response is unprecedented in post-USSR soace.

The Central Bank of Russia will do its best to keep the Ruble-Dollar rate below 80. The currency might break through this level – depending on war/sanctions speculation - but then we'll likely see CBR interventions or coordinated FX interventions with State Enterprises.

Yes Prime Minister - Expelling Russian diplomats youtu.be/FW10zLDI3Eg via YouTube

The latest from Chris Weafer of Macro-Advisory Ltd regarding sanctions and the potential impact on the Russian economy. From Al Jazeera. mediaview.aljazeera.com/video/2vRDLy3e…

Halt Nord Stream-2, cries Washington ! ➡️Yet in February, US companies will set a new record for diesel imports from Russia over the past three years as a cold front grips the North-East ➡️Not forgetting 1 million barrels a day of Russian oi US refineries import every day #OOTT

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"Can you confirm the reported payment to Ukrainians for vehicle repairs, ranging from €400 to €7000" Ken O'Flynn asks Simon Harris about the crazy reported payments to Ukrainians in the Dáil