Daily Archives: March 10, 2022

Nicosia to build up grain stock

The Cypriot government approved on Wednesday a proposal by the Minister of Agriculture which provides for the government to buy large quantities of grain in preparation for expected shortages stemming from Russia’s invasion of Ukraine.

Loss of Russian oil leaves a void not easily filled, straining market

Before its forces invaded Ukraine, Russia provided 1 out of every 10 barrels of oil the world consumed. But as the United States and other customers shun Russian crude, the global oil market faces its greatest upheaval since the Middle East tumult of the 1970s.