Some Russian oil companies have stopped banking with sanctioned lenders including VTB and Sberbank and switched to those that do not face restrictions, including Rosbank, Unicredit and Raiffeisen, five people Continue Reading
The ruble fell for a third day, trading as low as 110 per U.S. dollar in onshore markets, after Russia pressed forward with its invasion into Ukraine. The currency slid Continue Reading
Russian oil sales are increasingly under an embargo in all but name, threatening a vital source of global crude supply. While there are currently no sanctions in place preventing companies Continue Reading
Russia will keep local stock trading closed for a third day as its wealth fund prepares to deploy billions of dollars to buy the country’s battered stocks following the invasion Continue Reading
Oil traders are staying away from Russian crude after the Western countries banned selected Russian banks from SWIFT, and Russian producers can’t sell their cargoes in tenders because no one Continue Reading
Russia’s decision to invade Ukraine was originally met with a relatively tepid response from world leaders, but now sanctions are intensifying key Russian banks are banned from SWIFT. The increasingly Continue Reading
An increasingly isolated Vladimir Putin left Russia for only the second time during the pandemic last December. His destination was New Delhi and his focus was on preparing for future Continue Reading
India has had to walk a diplomatic tightrope over Ukraine in the past few days as it tried to balance its ties with Moscow and the West. Delhi’s first statement Continue Reading
Chinese power plants and steelmakers are looking for alternatives to Russian coal after some domestic banks suggested they avoid purchases due to the mounting sanctions being imposed on Moscow. Some state-own firms Continue Reading
Russia’s invasion of Ukraine has seen some of the harshest sanctions ever imposed on a nation and disrupted trade flows of energy and other commodities, even though such goods have Continue Reading
