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Tag: Russia

    Economy
    Russia Invasion of Ukraine Cost the Global Economy $1.6 Trillion

    Russia Invasion of Ukraine Cost the Global Economy $1.6 Trillion

    A German analysis released staggering findings that have shaken the world. It confirmed what many had predicted and feared: a shocking 1.3 trillion dollars were drained from global finances in 2022 due to the long-standing

    Economy
    Russia-Turkey Nuclear Power Plant Cooperation May Create a Turkish Dependence on Russia

    Russia-Turkey Nuclear Power Plant Cooperation May Create a Turkish Dependence on Russia

    The Akkuyu Nuclear Power Plant – which contains four Russia VVER-1200 reactors - is predicted to be in full operation by 2026. However, such progress has sparked apprehension regarding the dependability of Turkish-Russian atomic collaboration.

    Economy
    Oil Prices Rise on Threat of Russian Supply Cuts

    Oil Prices Rise on Threat of Russian Supply Cuts

    On Monday, oil prices saw an upward trend following their initial dip as investors considered the potential impact of Russia's crude production cutback and short-term demand in light of America's impending inflation data. Brent oil

    Economy
    The News that Russia Will Reduce Oil Production Caused an Increase in Crude Oil Prices

    The News that Russia Will Reduce Oil Production Caused an Increase in Crude Oil Prices

    On Monday, oil prices rose following Russia's proposed cuts to their crude production and investors' worries about short-term demand. Brent futures spiked 22 cents (0.3%) up to $86.61 a barrel, while U.S crude gained 42

    Crypto
    Crypto Winter Takes Another Life: LocalBitcoins Shut Down

    Crypto Winter Takes Another Life: LocalBitcoins Shut Down

    [audio mp3="https://cryptolegalnetwork.com/wp-content/uploads/2023/02/crypto-winter-takes-another-life-localbitcoins-shut-down_.mp3"][/audio] LocalBitcoins, one of the first bitcoin initiatives, has announced its closure. The platform team attributes the major cause to volatile market circumstances and the crypto winter.  The Finnish P2P network LocalBitcoins released a