Close Menu

Financial Times - Russian groups fudge freight costs to mitigate impact of G7 oil price cap

Summary of the front page

The Financial Times leads on the news that Russian firms are earning far more from selling crude oil than originally believed due to the inflated cost of shipping which may have boosted revenue by as much as $1bn (£790m) in a single quarter.

The front page also reports the demand for pawnbroking has hit “record levels” because of high inflation, reports the Financial Times. It says people are turning to pawnbrokers to borrow against assets such as jewellery and watches, as options for short-term loans shrink.

Today's top stories

Like this article?

Leave a comment

Advertisment
Ready to be informed like a pro
Ready to be informed like a pro?
Read Today's Newspapers
Advert by Sponsors
More from WTX News
The latest gaming news - with game reviews and tips and tricks. updated 24 hours a day.
The latest gaming news

Get OFFER

Say 'yes' to liberty

Sign up to your personalized news briefing - delivered!

Newspapers, News Summary, Truth and freedom

30% off - code - 9ANB1EB283

Access the news from all the main News sources

We bring you CNN BBC FOX EURO NEWS AL JAZEERA – all in one place. With a perfectly crafted email with your news summary