Rising diesel and jet fuel prices trigger protests and supply chain concerns across Europe
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Europe is grappling with a severe fuel crisis following a supply shock in the Strait of Hormuz. Surging diesel and jet fuel prices have sparked protests, supply chain disruptions, and warnings of potential summer travel chaos.

From September 1, Russians can open wallets for digital rubles in banking applications, so far only on Android. The monthly replenishment limit is 300 thousand rubles, operations are free. The digital ruble is a new form of national currency, available on the main page of the application after opening an account.

Russian President Vladimir Putin signed a decree on the creation of diamond cutting clusters in Yakutia and the Smolensk region, which will come into force on March 1, 2027. The head of Yakutia, Aisen Nikolaev, said that the clusters will be aimed at saturating the country’s domestic market with natural diamonds, using raw materials that are in little demand abroad, but popular in Russia.

The head of Yakutia, Aisen Nikolaev, said that to create a diamond cutting cluster in the republic, existing production facilities are sufficient, and new construction will not be required. He also noted that the project will affect the creation of new jobs in the region.

The Pentagon secured the right of first refusal to purchase oil from 17 fields in Venezuela, gaining the opportunity to purchase 20% of the volume at production cost, as well as a 35% stake in the joint venture. The deal involves investments of over $100 billion and tax revenues to the Venezuelan budget of over $200 billion.

Russia registered Roszarubezhneft oil company in Moscow on March 28, 2020 with a charter capital of $4.066 billion, following Rosneft's announcement to cease operations and sell assets in Venezuela.

In June in Russia, average salaries above 200 thousand rubles were received in 20 sectors of the economy. The highest incomes were recorded in the reinsurance sector (almost 469 thousand rubles) and among fund managers (409.7 thousand rubles). In another 16 industries, average salaries ranged from 200 to 300 thousand rubles, including the production of hard drives, gas production and investment funds.