Palm oil supply curbs may hit Nepali manufacturers
Imported palm oil is processed and promptly re-exported to India, with Nepali traders pocketing a handsome profit.
Imported palm oil is processed and promptly re-exported to India, with Nepali traders pocketing a handsome profit.
The West has so far displayed close coordination in its announcements of sanctions against Russia, but has not moved at the same pace when it comes to Russian oil and gas.
A foreign ministry spokesperson also said global economic recovery requires the concerted efforts of the international community.
With inflation at four-decade highs in the United States, the prospects of a lifting of tariffs on Chinese goods have brightened.
The ministry would export fresh fruit by sea as four Chinese border checkpoints were previously closed due to the country's Zero-Covid policy.
Some analysts believe the time frame for the next recession is getting even shorter with no quick solutions in sight.
Russia will ban the export of raw materials and products from Russia to those it has sanctioned.
EU countries have paid more than €46 billion ($47.43 billion) to Russia for gas and oil since it invaded Ukraine on Feb 24.
The move was decided by the Customs Tariff Commission of the State Council in accordance with due procedures.
The government response follows growing concerns that the country could face an economic crisis.