Financial Market News

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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Latest Economic News

Switzerland, following the EU, lowered the ceiling on prices for Russian oil

August, 12 2025

Switzerland, following the example of the European Union, has set a new price limit for Russian oil — $47.6 per barrel. This is stated in a statement published on the website of the Federal Council of the country.«The Federal Department of Economics, Education and Research has also set a ceiling on Russian oil prices at $47.6 per barrel, which is in line with EU measures and reflects current global market quotations,» the document says.The Russian authorities have repeatedly stated that the coun... Read More

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