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2 mins read

A Russian single mom who owed $8,560 says she was told to pay it off by joining the army

Olga, a mother of two children aged 9 and 13, said she had no intention of enlisting in the Russian…

Sophia Ankel   


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1 min read

Russia's largest bank is about to debut an Ethereum-based DeFi platform

As the war in Ukraine and financial sanctions continue to weigh on the country, Sberbank is eyeing …

Phil Rosen   


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7 mins read

Meet the woman who engineered Russia's wartime economy and helped secure another term for Putin

Once feted among her international peers, Russian central bank governor Elvira Nabiullina is now se…

Huileng Tan   


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1 min read

Russia's top banks have started lending out yuan and transferring China's currency outside the SWIFT system

"I don't think Russia will return to such a situation of the dollar's influence on the domestic eco…

Brian Evans   


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3 mins read

Russia's biggest bank has been cut out of the global financial markets and now it's launched a cryptocurrency

Sberbank launched a digital currency just weeks after the invasion of Ukraine, as sanctions cut Rus…

Adam Morgan McCarthy   


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1 min read

Russian oligarch Herman Gref, a key Putin advisor and CEO of Russia's largest bank, has been added to US sanctions list

Herman Gref served as Russia's minister of economic development and trade from 2000 to 2007, and ha…

Sam Tabahriti   


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Russians are scrambling to withdraw US dollars at ATMs as the ruble hits a record low on sweeping Western sanctions

The ruble plunged nearly 30% against the US dollar on Monday to a fresh record low amid Western san…

Huileng Tan   


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Russia's biggest bank plunges 77% while the ruble hits a record low, as sanctions threaten to cripple the country's economy

Russia's stock market failed to open Monday, but London-listed Russian companies cratered across th…

Harry Robertson   


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Putin's war on Ukraine sent Russians scrambling to buy gold and stash their savings, fueling a fivefold surge in demand

President Vladimir Putin encouraged the switch to gold by restricting sales of foreign currency and…

Zinya Salfiti   


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The Kremlin says Russia's 'economic reality' has 'considerably changed' in the face of 'problematic' Western sanctions

Kremlin spokesperson Dmitry Peskov said Monday that the West's sanctions against Russia were "heavy…

James Dean   


Kelsey Vlamis   


Grace Dean,Harry Robertson,Ja…   


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The White House published its full list of sanctions against Russia — take a look

"Putin chose this war. And now he and his country will bear the consequences," Biden said while ann…

Sarah Jackson   


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1 min read

Ukraine will pursue war-crimes charges against leaders of JPMorgan Chase, Citi, and HSBC over Russia financing, Zelenskyy's economic advisor says

Oleg Ustenko told CNBC that Ukraine's justice and security services were gathering data on Western …

Kate Duffy   


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Russia could lose $10 billion a year after the EU's ban on importing its oil, Bloomberg calculates

It cuts Russia off from a major importer, as the EU imported two-thirds of its oil from the country…

Urooba Jamal   


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3 mins read

There's no evidence Putin is using cryptocurrencies to dodge sanctions and Russia's too big for that anyway, crypto experts tell lawmakers

"You can't flip a switch overnight, and run a G-20 economy on cryptocurrency," Michael Mosier, a de…

Shalini Nagarajan   


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2 mins read

Uber looked to find 'someone aligned with Putin' and paid a pro-Kremlin lobbyist $300,000 as it sought to grow its influence in Russia, report says

Uber approached a key associate of oligarch Roman Abramovich in 2015 to see if the billionaire want…

Rosie Bradbury   


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3 mins read

Estonian cards in Turkey, Italian cards in Singapore: ordinary Russians abroad are using foreign bank accounts after sanctions

Ordinary Russians living abroad have had their Russian bank cards blocked due to sanctions and have…

Urooba Jamal   


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Russia expects Asia to shun the West's energy sanctions, Putin signals as he underlines Moscow's pivot to the region

Russia's Vladimir Putin said the West was failing while Asia will claim the future, given its US-be…

Zahra Tayeb   


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Ukrainian-born Gazprombank exec says he fled Russia to fight for his country and 'wash off' his Russian past

Igor Volobuev, who was born in Ukraine, served as vice president of the Russian banking giant Gazpr…

Sophia Ankel