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Russia is turning to crypto as sanctions snarl payments, report says

Russia could start cryptocurrency exchange trails as soon as next month, in order to solve payment …

Filip De Mott   


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Stocks tied to Russia rally as Trump's win fuels hopes for an end to the Ukraine war

Ukraine bonds have also rallied this week as investors grow hopeful that president-elect Donald Tru…

Kelly Cloonan   


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Russia could merge state-run oil companies to make the world's 2nd largest producer, report says

A deal to combine three of Russia's biggest oil firms would create the biggest producer in the worl…

Kelly Cloonan   


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Russia has expanded its shadow fleet that it uses to evade oil sanctions, think tank says

Russia added 74 ships to its secretive fleet of shadow tankers, according to a new report from a Uk…

Jennifer Sor   


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Russia's ruble hits the lowest level in a year against the dollar and the yuan

As a key Treasury license is set to expire this month, it could become a lot harder for Russia to t…

Jennifer Sor   


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Sanctioned tankers are back to transporting Russian oil in a blow to the West's efforts to restrict crude flows

The number of sanctioned ships carrying Russian oil grew sixfold last month compared to levels in A…

Jennifer Sor   


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Sanctions have put the production of Russia's most advanced stealth fighter in jeopardy, research group says

Sanctions have impacted Russia's production of its Su-57 fighter jets, according to a research grou…

Thibault Spirlet   


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It could soon get a lot harder for Russia to deal in Chinese yuan

Russian banks have nearly run out of their yuan stash, thanks to Chinese firms being more hesitant …

Jennifer Sor   


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Russia has lost another banking partner as more lenders turn their back on Moscow over fear of sanctions

Oversea–Chinese Banking Corp reportedly told customers it would no longer process Russian transacti…

Jennifer Sor   


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Russia's economy faces 'near stagnation' with sanctions whittling down annual GDP growth, European economist says

Russia's economy could be losing as much as 3% of its GDP a year due to Western sanctions, a Europe…

Jennifer Sor   


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Russia sees 'decades' of Western economic sanctions ahead, official says

Russia sees "decades" of Western sanctions ahead, a foreign ministry official said. The country is …

Kelly Cloonan   


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Russian banks are grappling with liquidity issues as US sanctions choke supply of yuan

Yuan availiability is shriveling up in Russia as US sanctions have pushed Chinese lenders away from…

Filip De Mott   


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Russia saw its oil revenue double in April despite Western sanctions

Strong global demand and supply fears driven by geopolitical risks have helped bolster Russia's ene…

Yuheng Zhan   


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Russia shuts down dollar and euro trading after sweeping US sanctions take aim at Moscow's financial lifelines

Russians were lining up at one lender that was still offering dollars after trade was restricted fo…

Filip De Mott   


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Huileng Tan   


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China's yuan will take over as Russia's main trade currency 'once and for all' as US sanctions get tighter, think tank says

Ruble volatility will get worse in Russia amid fresh US sanctions, but this offers a way for the Ch…

Filip De Mott   


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Russia is still passing $2 billion worth of its oil products to the West via middlemen, think tank says

Western countries have bought billions of dollars worth of Russian oil from Turkish refiners, a stu…

Jennifer Sor   


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Russia thanks Western sanctions for helping it avoid the CrowdStrike IT outage

An IT outage linked to CrowdStrike disrupted flights, banks, and media outlets across the globe. Ru…

Cameron Manley   


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The US has announced new sanctions targeting Russia's war machine — and says more are coming

The US Treasury and State Department issued 400 sanctions on individuals and entities still support…

Filip De Mott   


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Russia is reportedly receiving shipments of dollars and euros despite sanctions and efforts de-dollarize

Russia has received $2.3 billion worth of dollar and euro bills despite sanctions since March 2022,…

Jennifer Sor