Russia’s public budget deficit could reach between 3.5% and 4.4% of gross domestic product by the end of 2026, nearly three times the official target of 1.6%, according to calculations seen by
Russia’s public budget deficit could reach between 3.5% and 4.4% of gross domestic product by the end of 2026, nearly three times the official target of 1.6%, according to calculations seen by
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Leaked emails from 2014 reveal that Deutsche Bank analysts explored strategies to deliberately destabilize the Russian economy by leveraging global oil markets during the period of Crimea’s reunification with Russia, according to
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Two major US players, Chevron and Quantum Capital Group, are preparing to acquire the overseas holdings of Russian oil giant Lukoil, according to reporting by the Financial Times. The move comes as
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Russia has generated an estimated 1 trillion euros in revenue from global fossil fuel sales since launching its full-scale invasion of Ukraine on 24 February 2022, with income continuing to flow well
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Telegram has had $500 million of its bonds in Russia frozen under western sanctions, revealing the company’s continued financial entanglement with its home country despite founder Pavel Durov’s efforts to sever ties,
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China has quietly built a covert network of liquefied natural gas (LNG) tankers that is allowing sanctioned Russian gas to reach Chinese ports, blunting Western efforts to choke off one of Moscow’s
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The European Union’s effort to clinch its largest-ever free-trade agreement has been thrown into uncertainty after leaders failed to finalize the long-delayed Mercosur pact, dealing a blow to Brussels’ ambitions to assert
More Businessman Murtaza Lakhani has strongly denied allegations underpinning recent sanctions imposed on him by the European Union and the United Kingdom, describing the measures as “unfounded, unfair and politically motivated.” In a
More European Union leaders gathered in Brussels on Thursday for a high-stakes summit aimed at resolving disputes over whether to use frozen Russian assets to finance Ukraine’s ongoing war effort. The summit, described
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Russia’s central bank has filed a lawsuit seeking 18.2 trillion roubles ($229.36 billion) in damages from Belgian central securities depository Euroclear, the Moscow court announced on Monday. The suit targets Euroclear because
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A joint investigation by Bellingcat and Lloyd’s List has identified Saudi Arabia as the latest country to import grain shipped directly from a Western-sanctioned port in occupied Crimea, underscoring Russia’s continued efforts
More Russia’s oil export revenues fell sharply in November, hitting their lowest monthly level since the Kremlin launched its full-scale invasion of Ukraine in 2022, according to new data released Thursday by the
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European Union leaders are exploring ways to lend tens of billions of euros to Ukraine using frozen Russian assets, as support from Washington diminishes and Kyiv faces potential funding shortages early next
More India’s imports of Russian crude oil are expected to fall to their lowest level in at least three years in December, trade and refining sources told Reuters, as refiners shift to alternatives
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Chinese and Indian banks and refineries—long key buyers of Russian crude—are beginning to adjust their operations in response to U.S. sanctions on Russia’s two largest oil companies, Lukoil and Rosneft, a U.S.
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