US President Joe Biden s efforts to promote offshore wind development were tied to the approval of new oil leases by Congress. Recently, the US Export-Import Bank approved $1.5 billion for an overseas oil and gas project in Estonia, contrary to the US s and G7 s promise to end international fossil finance.
Russia is one of a few G20 countries, the economic growth of which is expected to improve in 2023, with forecast growth of gross domestic product by 2.2% and 2% for 2023 and 2024, respectively, the UN Conference on Trade and Development (UNCTAD) said on Wednesday.