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New US sanctions take aim at Iran's 'sprawling' network of shadow banks fueling Russian and Houthi operations

Nearly 50 entities and individuals were sanctioned on Tuesday for funding an illicit network in Ira…

Filip De Mott   


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Passengers are carrying plane parts in their luggage to get them to sanction-hit Russian airlines: report

Russian airlines are circumventing sanctions with plane parts carried in passenger luggage, the Fin…

Thibault Spirlet   


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Russian media cited fake rumors of a Mossad agent named 'Eli Copter' being involved in the helicopter crash that killed Iran's President Ebrahim Raisi

The "Eli Copter" meme originated as an online meme lampooning claims that Mossad was involved in Ra…

Matthew Loh   


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Russian energy giant Gazprom reported its first annual loss in 24 years amid Western sanctions

Sanctions and broader energy market factors weighed on profits. Shares of the energy giant saw thei…

Yuheng Zhan   


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Putin gave Kim Jong Un a luxury Russian car, deepening their war bromance and ignoring sanctions to do it

Putin gifted North Korea's leader Kim Jong Un an Aurus Senat limousine from his personal collection…

Mikhaila Friel   


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Ukraine is defying the US over strikes on Russian oil refineries. Experts say it's a necessary risk.

Ukraine continues to target Russian oil facilities despite reported US objections, with one militar…

Mia Jankowicz   


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China's yuan is tumbling amid US sanctions and as central banks boost dollar holdings

China's yuan fell to its lowest value against the ruble in a year as holders eye the impact of sanc…

Jennifer Sor   


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Russia's biggest private lender is expanding to China after being hit by US sanctions

The bank, owned by the Russian oligarch Mikhail Fridman, is looking to build new offices in China B…

Jennifer Sor   


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Russian oil flows are sidestepping sanctions and trading above the G-7 price cap all over the world

Bloomberg reported that Urals grade crude is selling at around $75 a barrel, exceeding the G7 natio…

Yuheng Zhan   


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India is buying the most US oil in almost a year as sanctions on Russian energy bite

Indian refiners see more WTI Midland crude oil being used in the country in coming months, sources …

Yuheng Zhan   


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US sanctions push a key Turkish oil terminal to halt Russian imports

The Dortyol terminal, operated by Global Terminal Services, decided to "cut all possible connection…

Aruni Soni   


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There's a thriving Russian black market for Elon Musk's Starlink terminals, with the tech being sent far beyond Ukraine

A black market is enabling Russia to use Starlink terminals in Ukraine, according to The Wall Stree…

Mia Jankowicz   


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US oil suppliers are getting a boost from Russian sanctions as India looks to buy more from them

India imported an estimated 7.6 million of US barrels in March, a significant increase from the 3 m…

Filip De Mott   


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Putin and Kim Jong Un's wartime pact sees the two autocrats one step closer to creating a world 'safe for authoritarians,' expert says

Russia and North Korea signed a strategic partnership agreement on Wednesday that would see the two…

Erin Snodgrass   


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India imported 420,000 fewer barrels of Russian oil a day in February amid tightening sanctions

Weaker crude exports caused Russia's monthly energy revenue to slide by nearly 1% from January, the…

Filip De Mott   


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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 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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A Russian district called an election recount after someone else got more votes than Putin, reports say

An election recount is underway in one Russian district after a Putin rival won big there, with off…

Mia Jankowicz   


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The US and the West are facing the blowback of sanctions against Russia, economist says

The US may have opened a "Pandora's box of unintended consequences" by imposing sanctions on Russia…

Jennifer Sor   


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Russia says Putin won't die in a plane crash because their domestic aircraft 'are very reliable vehicles'

Recent aviation accidents had claimed the lives of Iran's president and Malawi's vice president.

Kwan Wei Kevin Tan