Trade and services

Adidas reportedly failed to pay $166 million in taxes before quitting Russia, and began firing staff without paying separation benefit

Russian iron and steel exports to the US have nearly stopped due to sanctions-related tariffs

Ukraine may face food insecurity this winter while it’s focusing on bartering grain for foreign aid, Russian economist warns

Previously, the Indian goverment already banned exports of wheat, wheat products, and sugar amid the growing food crisis in the international market. India exports rice to more than 150 countries, accounting for nearly 40 percent of global rice exports.

The US economy faces a huge market crash and stagflationary debt crisis, according to economist Nouriel Roubini

More Russian cargoes with oil products are expected to head into Asia, Bloomberg reports

Shipping containers with Russian goods arrive at US ports almost every day, AP reports

James Marape, the recently re-elected prime minister of Papua New Guinea, has established the ministries of coffee and palm oil in the country as part of an effort to increase agricultural production.

A total of 33 grain ships have so far left Ukraine’s Black Sea ports under the grain deal reached last month, Turkish foreign minister says

Moscow, Tehran and Baku have signed a memorandum on easing the transit of goods, the Russian trade mission in Iran reports

China has boosted purchases of gold, signaling growing demand as Covid restrictions are eased, Bloomberg reports

Chinese smartphone makers have gained ground in the Russian market, surpassing Apple and Samsung by sales, data shows

The Russian exclave of Kaliningrad says sanctions are preventing the region from getting the necessary amount of goods from mainland Russia

Wine output in Europe could fall by at least 25% this year due to extreme heat and fires, Bloomberg reported Tuesday

On Friday, India’s Prime Minister Narendra Modi is set to launch the country’s first International Bullion Exchange (IIBX) in his home state of Gujarat.