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1 min read

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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2 mins read

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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1 min read

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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2 mins read

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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Russian oil exports drop to lowest in 7 months amid OPEC cuts and sanctions

Russian oil exports are down as the country moves to comply with OPEC production cuts and sanctions…

Kelly Cloonan   


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2 mins read

'Everything on table,' says Canadian foreign minister when asked about sanctions on India

Tensions between India and Canada escalated after Canadian Prime Minister Justin Trudeau on Monday …

PTI   


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2 mins read

Russian FX trading is almost entirely in yuan as sanctions restrict dollar use

The Chinese yuan takeover comes after sanctions halted trading in the dollar and euro.

Filip De Mott   


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'America first means commodities second': Oil and gas prices will tank under a Trump presidency, BofA strategist says

Trump's proposed tariffs will lead to a trade war, dampening energy demand and prices in the proces…

Kelly Cloonan   


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2 mins read

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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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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2 mins read

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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2 mins read

As Trump threatens tariffs on China, the Chinese market pins its hopes on a massive stimulus announcement

Trump, a China hawk, has floated tariffs of more than 60% on Chinese goods.

Huileng Tan   


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6 mins read

How a free meal cost an investor his retirement savings

Fancy restaurants with presentations are a common practice in the industry, says one financial plan…

Laila Maidan   


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2 mins read

3 reasons why surging gold prices will climb another 8% by the end of 2025, Goldman says

Goldman Sachs says the price of gold will reach a record of $3,000 an ounce by the end of next year.

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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2 mins read

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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4 mins read

How gold became one of the world's hottest investments

Central banks purchased a record 483 tons of gold in the first half of the year, according to the W…

Matthew Fox   


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2 mins read

Loan sanctioning has gone digital, but recovery still needs a 'feet on the street' approach, says RBI Deputy Governor

He also highlighted one particularly concerning practice that involves the invasion of customers' p…

ANI   


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2 mins read

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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1 min read

A Russian company is bartering chickpeas for Pakistani rice as sanctions stop payments

A Russian company will reportedly barter with Pakistan as the Kremlin struggles to make payments ac…

Kelly Cloonan