Russian government websites are facing unprecedented cyberattacks and technical efforts are being made to filter foreign web traffic, the TASS news agency cited the digital ministry as saying on Thursday. Continue Reading
In a televised address on March 16, Russian President Vladimir Putin said Western powers have subjected his country to an “ economic blitzkrieg ” of sanctions. But for Russia watchers Continue Reading
The stark disparity between offshore and local ruble prices underscores just how scarce liquidity has become when trading Russia’s currency overseas. The offshore ruble was indicated around 95 per dollar Continue Reading
In 1990, about 30,000 Russians braved the January frost to line up in Moscow’s Pushkin Square. The payoff for the hourslong wait was the first taste of burgers and fries Continue Reading
Vladimir Putin has vowed to raise Russia’s minimum wage and the salaries of all public sector workers as part of measures designed to cushion western economic sanctions triggered by his Continue Reading
In 36 days of fighting on Iwo Jima during World War II, nearly 7,000 Marines were killed. Now, 20 days after President Vladimir V. Putin of Russia invaded Ukraine, his Continue Reading
Russia walked back recently made demands on Washington related to the Iran nuclear deal, clearing the way for Tehran and Washington to revive the 2015 agreement, senior western diplomats said. On Tuesday, after Continue Reading
The International Court of Justice in The Hague, March 2022 The Russian invasion of Ukraine is the most brazen illegal war waged by one sovereign state against another since World Continue Reading
The economic cost of Russia’s assault on Ukraine was fully exposed on Wednesday as Vladimir Putin’s sanctions-ravaged government teetered on the brink of its first international debt default since the Continue Reading
Russia said on Wednesday that peace talks with Ukraine were not easy but that there was some hope of reaching a compromise and that neutrality for Ukraine was being seriously Continue Reading
Global commodity markets will need to adapt to a lack of supply from Russia and Ukraine, global miner and commodities trader Glencore (GLEN.L) said in its annual report on Wednesday. Continue Reading
Three million barrels per day (bpd) of Russian oil and products may not find their way to market beginning in April in the wake of its invasion of Ukraine, the Continue Reading
Russian gas deliveries to Europe via the Nord Stream 1 pipeline were steady while lower through Ukraine on Wednesday as the Yamal-Europe pipeline remained in reverse mode for a second Continue Reading
What would a Russian bond default look like? Russia would be in default if it doesn’t pay in U.S. currency the coupon payments that are due this Wednesday on its Continue Reading
Judging by the bond market, it will take years for Russia to re-enter the global financial system. Russian government bonds fell below 10 cents on the dollar last week, putting Continue Reading
Gazprom has reduced its natural gas exports to countries outside the former Soviet Union by 28.5 percent so far this year, Russia’s state gas giant said on Tuesday. Gazprom’s natural Continue Reading
The move could raise duties for metal imports from Russia House, Senate working to advance legislation Political officials in the US are advancing discussions on a proposal to revoke Russia’s Continue Reading
The market is waiting to see if Russian firms such as Surgutneftegas PJSC proceed with monthly sell tenders for ESPO crude this week. Away from the public eye. That’s where Continue Reading
Citigroup, the American bank with the largest presence in Russia, said it would broaden its planned withdrawal from the country because of the war in Ukraine. Citi, which announced plans Continue Reading
Russia on Monday passed a law allowing the country’s airlines to place airplanes leased from foreign companies on the country’s aircraft register – a manoeuvre likely to stoke Western fears Continue Reading
European Union member states have agreed on a fourth package of sanctions against Russia following its invasion of Ukraine, the office of the French EU presidency wrote on Twitter on Continue Reading
Russia plans to temporarily ban grain exports but will keep on providing special export licences to traders within its current quota, Deputy Prime Minister Viktoria Abramchenko said on Monday, playing Continue Reading
India is considering a Russian offer to buy crude oil and other commodities at discounted prices through a rupee-ruble transaction. So far, India has not condemned Russia’s invasion of Ukraine, Continue Reading
Russia’s agriculture, trade ministries had considered export ban Deputy PM says exports will be permitted by licensed companies Russia’s Deputy Prime Minister Victoria Abramchenko said March 14 that the country Continue Reading
The International Court of Justice (ICJ) on Monday said it would rule in the case that Ukraine has brought against Russia on March 16. In a hearing which was boycotted Continue Reading
Russian westbound gas supply for Europe via the Yamal-Europe pipeline was halted on Tuesday, data from the Poland-Germany border showed. Russian gas flows to Europe through other pipelines including the Continue Reading
What happens with bond payments due Wednesday could kickstart Russia’s first foreign-currency default since the 1917 revolution Russian Police officers run to detain a man holding a poster that reads Continue Reading
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . Energy giant RWE AG supports efforts by the German government to reduce Continue Reading
Russia urged India to deepen its investments in the sanction-hit country’s oil and gas sector, and is keen on expanding the sales networks of Russian companies in Asia’s third-largest economy. Continue Reading
Australia said on Monday it was imposing new sanctions on 33 Russian oligarchs and business people, including Chelsea Football Club owner Roman Abramovich and Gazprom CEO Alexey Miller, over the Continue Reading
U.S. National Security Adviser Jake Sullivan, who is due to meet with China’s top diplomat Yang Jiechi in Rome on Monday, warned Beijing that it would “absolutely” face consequences if Continue Reading
Russia has asked China for military equipment to support its invasion of Ukraine, according to US officials, sparking concern in the White House that Beijing may undermine western efforts to Continue Reading
Hundreds of multinational corporations have cut ties with Russia as its military assault on Ukraine intensifies, bolstering the effects of western economic sanctions and redirecting their operations to serve desperate Continue Reading
EC had announced new proposals to phase out Russian fossil fuels Kobrinets heads European Cooperation department in Russian foreign ministry Dutch TTF prices remain at high levels on concern of Continue Reading
A U.S. official said Russia asked China for military equipment to use in its invasion of Ukraine, a request that heightened tensions about the ongoing war ahead of a Monday Continue Reading
Russia has threatened to pay international bondholders in roubles rather than dollars just days before a key interest payment on its external debt comes due. Anton Siluanov, Russia’s finance minister, Continue Reading
Standard Chartered: continuing consumer reluctance to buy from Russia and shortages of capital, equipment, and technology will impact Russian oil output. Russia’s difficulty in marketing its oil is likely to Continue Reading
Zero bidders. That was the outcome of a recent attempt to sell Russian crude typically favored by Asian buyers as more of the nation’s oil is shunned after its invasion Continue Reading
Russia urged India to deepen its investments in the sanction-hit country’s oil and gas sector, and is keen on expanding the sales networks of Russian companies in Asia’s third-largest economy. Continue Reading
The G7 nations said they would end normal trade relations with Russia on Friday as part of a series of new measures to inflict economic punishment on Moscow for its Continue Reading
Russian gas flows to Europe remain stable, but Moscow is starting to face problems in selling its crude oil and oil products as Western sanctions over Russia’s invasion of Ukraine Continue Reading
JPMorgan, Goldman Sachs Lead Retreat From Russia Deutsche Bank AG reversed course and is now joining Wall Street banks Goldman Sachs Group Inc. and JPMorgan Chase & Co. in pulling Continue Reading
Provoked by Russia’s invasion of Ukraine and its threat to cut off natural gas exports to Europe, the European Union says it intends to wean itself off Russian supplies entirely Continue Reading
China and Russia have in recent years worked to reduce their reliance on Western financial systems, technology and markets, motivated by their leaders’ mutual desire to insulate themselves against the Continue Reading
Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. The exodus of Western companies from Russia in the wake of Continue Reading
Lucrative offers for Russian spot crude cargoes may look attractive at first glance, but Asian oil importers appear reluctant to close deals as they cautiously weigh shipping risks, bandwidth to Continue Reading
European Union leaders are set to agree on Thursday to cut their reliance on Russian fossil fuels, although are divided over whether to cap gas prices and to sanction oil Continue Reading
The International Monetary Fund joined a growing chorus that’s warning of a risk that Russia will default on debt obligations following its invasion of Ukraine. A Russian default is no Continue Reading
Western sanctions are dealing a severe blow to Russia’s economy. The ruble is plunging, foreign businesses are fleeing and sharply higher prices are in the offing. Familiar products may disappear Continue Reading
Goldman Sachs Group Inc (GS.N) and JPMorgan Chase & Co (JPM.N) on Thursday announced they were unwinding their Russian businesses, becoming the first major U.S. banks to exit following Russia’s Continue Reading
