Key events until the morning: April 5 – Forecast – April 5, 2024
The IMF urged global companies and major exporting countries to prepare for the abandonment of oil. Key trends: Electric vehicles, development of renewable energy sources and accelerated disposal of “dirty fuels”.
Legal piracy: Foreign patents are imported into Russia through parallel import. This is necessary to ensure public interest and national security interests. A special subcommittee will address implementation of this bill.
Israel is on full alert due to concerns about Iran’s response to the consulate attack. The reason is the recent attack on the Iranian consulate in Syria. Air defense systems were deployed, reserves were mobilized, and military leave was canceled.
The price of Brent crude oil exceeded $91 per barrel. Two major factors continue to influence the global oil market. First, attacks on Russian refineries could lead to supply problems. Second, tensions between Israel and Iran could disrupt supply chains in the region.
Japan has expanded export restrictions to Russia. Japan’s Ministry of Economy announced a ban on exports of 164 items to Russia. The restrictions will come into effect from April 17. Among them are mineral fuels and oils, nitrocellulose, steel products, electrical equipment, photographic equipment and other goods. Additionally, Japan will stop importing unassembled diamonds from Russia from May 10.
Russians are five times more likely to be interested in the Yuan exchange rate. However, despite their “toxicity”, the most popular currencies for exchange rate requests are still the dollar and euro. The Chinese currency took third place in the list of popular currencies, while the Turkish lira slipped to fifth place. The Swiss franc ranks fourth.