The European Union has agreed to buy crude oil from Russia at the rate of $60 per barrel. The European countries took this decision based on the proposal of the G-7 alliance of the world’s top seven largest economies. The proposal of the G-7 was that the European Union should reduce the market price of crude oil by 5 percent per barrel. The EU has been discussing for several days about fixing the price of Russian oil. European countries are trying to do this mainly to reduce Russia’s income from oil and to reduce the price of oil in the global market. Meanwhile, Poland opposed Russia’s oil price cap at Thursday’s meeting. They keep asking for lower prices. It was not even clear whether they would sign the oil price fixing agreement or not.
BTJ Desk Report
PDS Limited, a global fashion infrastructure company, has installed a state-of-the-art wash plant at Progress Apparels Bangladesh Ltd, one of PDS’s manufacturing subsidiaries in Bangladesh. TheRead More
As the bilateral trade between Bangladesh and China continues to rise, Switzerland-based Mediterranean Shipping Company (MSC) is all set to launch container lines on the China-Bangladesh route from 27Read More
BGMEA, IICCI and Sowtex join hands to connect Bangladeshis RMG exporters and Indian textile suppliers
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