Oil at $73 and Abnormal Cold in Russia
In today's briefing: falling oil prices could affect the cost of imported goods and exchange rates. A dangerous weather anomaly persists in Russian regions, while reports of a major plane crash are coming in from Beijing. These events directly affect your finances, daily plans, and safety.
Global Brent crude oil prices have dropped to $73.75 per barrel, returning to levels seen in early 2022. For residents of Russia, this signifies a risk of a weakening ruble, as state revenues and currency stability largely depend on commodity prices. The decline in quotes could lead to price increases for electronics and other imported goods in the near future.
The decline in export revenues has coincided with natural anomalies: the European part of the country has found itself in a "cold trap." While Siberia and Europe are recording heatwaves above +40 degrees, atypical cold persists in Russia's central regions. This requires residents to change their wardrobes and account for risks to crops in their garden plots.
Against the backdrop of these events, alarming news is coming from China: in Beijing, a plane crashed into the 109-story CITIC Tower, the city's tallest building. The incident occurred in the capital's business district; emergency services are working on the scene. The event could lead to tightened security measures and changes in international flight schedules.
More news on the earthquake in Venezuela, the situation with tankers in the Strait of Hormuz, and plans for the reconstruction of Ukrainian cities can be found in the "News" section of our app.