Katarzyna Szewczyk

Russia - Moscow >>>>> https://lnkd.in/eWQe5bGw (Bank of Russia): ⚪ Foreign banks will be allowed to set up their branches in the Russian Federation, while at present they can establish only subsidiary banks or representative offices. #russia

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French media >>>>> ⚪ Le Figaro: “Ukraine's future hangs in the balance in the American presidential election” The main news in today's Le Figaro, not the Olympics!  (Le Figaro): ⚪ “The Russian economy is doing much better than experts predicted. Not only have Western sanctions failed to change Russia's choices, but this is a case where sanctions have caused more suffering for Europeans than Russia itself.” 🔸 In 2022, when sanctions were pouring in on Russia from all sides, politicians in Europe and the US were warned that Russia would find a way out to solve its economic problems. Back then it was called “Russian disinformation” (propaganda)!  🔸 Le Figaro also recognizes in this article that if the US refuses to fund Ukraine, Europe will not be able to replace the US.

US FeV price falls to $12.50 per lb ON MAY 2, 2024 BY ALICE AGOOS US FeV prices remained under pressure. A mill that previously paid $12.75 per lb for nearby delivery bought at $12.50 this week. There were reports of low-priced Latvian FeV being shopped around. European FeV prices are just under $26 per kg, not low enough to entice US traders to purchase FeV for shipment to the US. All eyes are on Bushveld, waiting to see whether the company will have to shut some or all of its South African vanadium operations. Some pundits believe that a few companies, in an effort to salvage their investment in Bushveld, will provide cash to keep Vanchem and Vametco operating. Bushveld is keeping its contract customers apprised of its production and shipments. A few traders, meanwhile, appear to be betting that Bushveld will not be able to meet its commitments, especially those for vanadium nitride. Exports of Chinese VCN in February and March were sizeable, sources say. That material most likely started arriving in the US in April. Some Chinese VCN reportedly has been offered for sale at $18 per lb and higher. So far, the scare tactics are not proving successful, possibly because Bushveld is meeting its contract commitments.

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