As Russia races to avoid a default at least one international clearinghouse has reportedly received and processed payments for eurobonds due in 2022 and 2042. Russia’s closely watched dollar payments Continue Reading
Within the next few days, it seems increasingly likely that the European Union will announce some kind of gradual embargo that prevents member states from purchasing Russian oil in response Continue Reading
Europe will continue buying Russian oil via third countries once it introduces an embargo, RIA news agency cited Vladimir Dzhabarov, first deputy head of Russian upper house’s international affairs committee, Continue Reading
A convoy of buses attempted to evacuate more civilians from the devastated port city of Mariupol on Wednesday as Russian forces pounded targets across eastern Ukraine and tried to advance Continue Reading
Russian President Vladimir Putin put the West on notice on Tuesday that he could terminate exports and deals, the Kremlin’s toughest response yet to the sanctions burden imposed by the Continue Reading
Shipping group Maersk (MAERSKb.CO) made its last cargo shipment to a Russian port this week and took impairment losses and writedowns of $718 because of Russia’s invasion of Ukraine, the Continue Reading
The European Union’s chief executive on Wednesday proposed a phased oil embargo on Russia, as well as sanctions on its top bank and to ban Russian broadcasters from European airwaves, Continue Reading
Russia’s decades-long dominance of Europe’s energy market is crumbling, and the biggest blow is expected this week as the European Union moves toward a ban on Russian oil. On Wednesday, Continue Reading
Standard Chartered expects the energy market to be surprised at the speed of contraction of Russian energy flows into Europe in coming months. EU countries have paid Russia just over Continue Reading
Oil slipped on Tuesday, pressured by COVID-19 lockdowns in China which could weigh on demand, but finding support from a possible European oil embargo on Russia over its invasion of Continue Reading
