The United States on Wednesday imposed sanctions on dozens of people and entities, including a Russian commercial bank and a virtual currency mining company, hoping to target Moscow’s evasion of Continue Reading
Russia is inching closer to a default on its sovereign debts after an industry body overseeing the credit-default swaps market ruled Wednesday that the Kremlin failed to meet its obligations Continue Reading
Russian President Vladimir Putin announced Wednesday that his military successfully test-launched an intercontinental ballistic missile with the potential to carry a large nuclear payload, but the Pentagon said it was Continue Reading
U.S. Banks are facing massive write-offs following their exit from Russia. Citigroup is one of the banks with the largest disclosed exposure to Russia. Some banks have performed well despite Continue Reading
In Germany’s most definitive statement yet regarding Russian oil and gas imports, the German Foreign Minister has pledged that the country will cease importing Russian oil entirely by the end Continue Reading
Xi Says China Has ‘No Limits’ Partnership With Russia China will continue strengthening strategic ties with Russia, a senior diplomat said, showing the relationship remains solid despite growing concerns over Continue Reading
China imported 321,380 tonnes of liquefied natural gas from Russia in March, steady from the same month last year, despite a steep fall in the country’s total imports of the Continue Reading
China more than doubled imports of steel-making coal from Russia in March, procuring the fuel at a discount as other nations move to ban deliveries due to the war in Continue Reading
Seaborne flows of Russian crude oil declined by a quarter in the seven days to April 15. Volumes heading to Asia from ports on the Black Sea, Baltic and Arctic Continue Reading
Multinational companies continue to pay almost 200,000 employees based in Russia despite pledges to suspend or end activities in the country, raising fears of mass sackings or nationalisations as hopes Continue Reading
During its 1979 Islamic Revolution, Iran embraced the protest cry of “neither East nor West,” rejecting both the U.S. and the Soviet Union, then locked in the Cold War. The Continue Reading
Few cargoes of Russian coal traded to India: sources Russian 5,500 kcal/kg NAR FOB at $60/mt discount to Newcastle coal Indian stockpiles dwindling, sufficient for 8 days of burn Payment Continue Reading
French Finance Minister Bruno Le Maire said on Tuesday that an embargo on Russian oil at a European Union level was in the works, adding that France’s President Emmanuel Macron Continue Reading
Carmaker Stellantis (STLA.MI) said on Tuesday it was suspending production at its Russian plant due to logistical difficulties and sanctions imposed on Moscow. The world’s fourth-largest automaker, which produced and Continue Reading
The European Union can diversify away from Russia in natural gas faster than previously believed, the Prime Minister of Italy, Mario Draghi, said this weekend. In an interview with Corriere Continue Reading
Everything can be politicized, except food. This holds more relevance amid widespread protest and collective boycott calls against Russia’s invasion of Ukraine since Feb. 24 . With hundreds of multinational Continue Reading
Few cargoes of Russian coal traded to India: sources Russian 5,500 kcal/kg NAR FOB at $60/mt discount to Newcastle coal Indian stockpiles dwindling, sufficient for 8 days of the burn Continue Reading
Russia is ambling toward a major default on its foreign debt, a grim milestone that it has not seen since the Bolshevik Revolution more than a century ago and one Continue Reading
Nearly two months into Vladimir Putin’s brutal assault on Ukraine, the Biden administration and its European allies have begun planning for a far different world, in which they no longer Continue Reading
Russia’s economically critical oil industry is getting battered as Western buyers shun the country’s crude. Moscow is struggling to replace lost sales in the West with sales in emerging Asian Continue Reading
Russia is committed to compelling Ukraine to abandon its Euro-Atlantic orientation and asserting its own regional dominance, even as Moscow’s operational focus has shifted to the east of its neighboring Continue Reading
Several buyers of Russian gas have agreed to switch to payments in roubles, Russian Deputy Prime Minister Alexander Novak said on Friday. “We expect the decision (to switch to roubles) Continue Reading
Gazprom PJSC ’s average daily exports to key foreign buyers so far in April fell to the lowest in three months, as warmer weather and lower spot prices started to Continue Reading
Russian and Belarusian trucks are stuck in long queues at the EU’s eastern borders as hauliers try to get out of the bloc, hours before a ban on their vehicles Continue Reading
Ukraine: Kazakhstan may have secretly been loading Russian crude in their exported crude cargoes. After identifying what they believe is secretly loaded Russian crude with Kazakh oil, the experts sent Continue Reading
A potential EU embargo on Russian oil imports may be in the works, but drafting and preparing for such a ban would likely take “several months,” AFP reported on Friday, Continue Reading
President Vladimir Putin said on Thursday that Moscow would work to redirect its energy exports eastward as Europe tries to reduce its reliance on them, adding that European nations would Continue Reading
Moody’s said Russia may be in default because it tried to service its dollar bonds in roubles, which would be one of the starkest consequences to date of Moscow’s exclusion Continue Reading
The threat of Russia potentially using tactical or low-yield nuclear weapons in Ukraine cannot be taken lightly, but the CIA has not seen a lot of practical evidence reinforcing that Continue Reading
Russia is offering deep discounts for its crude following a wave of sanctions on its energy industry. While China and India are still buying some discounted oil, logistical hurdles are Continue Reading
No other EU leader has meet Putin since Ukraine invasion Nehammer’s accounts had focused on war’s human tragedy Russia appears to have kept door open to payment in euros Austria Continue Reading
The flagship of Russia’s Black Sea fleet was seriously damaged and its crew evacuated on Thursday, following an explosion on board that Ukraine said was caused by a missile strike. Continue Reading
Share The consequences of harsh economic sanctions against Russia are already being felt across the globe. The cost to shareholders of Western companies’ exodus from Russia will become clearer in coming weeks, Continue Reading
Reports of Russian cyberattacks on Ukrainian infrastructure are mounting. German infrastructure has been targeted, as well, with an attack that paralyzed 11GW of power in late February. “Conflict in Ukraine Continue Reading
Exports dropped 7.7% in March even as total shipments rose Imports rose 26.4%, with rising energy prices likely a factor Bloomberg News China’s exports to Russia slumped in March after Continue Reading
Vitol says volumes will drop this quarter, cease by year-end Trader joins other firms and countries shunning Russian oil Vitol Group, the world’s top independent oil trader, intends to completely Continue Reading
The full impact of sanctions and buyer aversion to Russian oil will take full effect from May onwards, the International Energy Agency said on Wednesday. Still, lower demand amid a Continue Reading
An immediate interruption in Russian energy supplies over the war in Ukraine could jeopardize 220 billion euros ($240 billion) of German output over the next two years, a report warned. Continue Reading
For the first time since July 2020, Russia’s crude oil production has slipped below the 10 million bpd mark on Monday, two anonymous Reuters sources suggested. The decline in Russia’s Continue Reading
It now costs more than $348,000 a day to charter an oil tanker from the port of Primorsk to northwest Europe. Daily earnings for tankers shipping oil from Russia’s Baltic Continue Reading
Indian Oil Corp (IOC) (IOC.NS) has excluded several high-sulfur crude grades, including the Russian Urals, from its latest tender, trade sources said on Tuesday. India’s top refiner informed market participants Continue Reading
India ramped up crude oil purchases from Russia despite warnings from Washington not to do so. India’s relations with the U.S. seemed to have improved during a brief struggle with Continue Reading
Telecoms equipment maker Nokia is pulling out of the Russian market, its CEO told Reuters, going a step further than rival Ericsson (ERICb.ST) , which said on Monday it was Continue Reading
Elvira Nabiullina spent eight years modernizing Russian monetary policy and forging bonds with global markets. In the past six weeks, she took apart much of what she created for a Continue Reading
Russia’s current account surplus, the broadest measure of trade, more than doubled in the first quarter of 2022 from the same period last year amid soaring oil and gas prices, Continue Reading
Japan’s government has asked power companies to top up their liquefied natural gas (LNG) reserves and share energy resources, a person familiar with the contingency plan said, as civilian deaths Continue Reading
The Russian rouble weakened sharply in jittery trade on Monday, reversing some of the previous week’s gains, after the central bank decided to relax temporary capital control measures aimed at Continue Reading
The European Union’s executive is drafting proposals for an EU oil embargo on Russia, the foreign ministers of Ireland, Lithuania and the Netherlands said on Monday, although there is still Continue Reading
JSC has been ruled in default on a bond after missing an interest payment last month, the first such decision since Russia was slapped with harsh sanctions that complicated financial Continue Reading
Russian President Vladimir Putin’s decision to invade Ukraine probably sabotaged any further aspirations for the Sputnik coronavirus vaccine, the first injection approved by any country. Manufacturing of the vaccine has slowed, further Continue Reading
