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2 mins read
Wounded Russian troops had their medical payouts cut back in one swift move from the Kremlin
Russian troops wounded in Ukraine were to each be given about $30,000. But that's now been reduced …
Matthew Loh
2 mins read
NATO is planning for mass medical evacuations in case of a war with Russia: report
Lieutenant General Alexander Sollfrank said NATO was considering using hospital trains and buses to…
Rebecca Rommen
1 min read
Russia's largest bank says it has no problems transacting with India
Sanctioned Sberbank has managed to pivot to processing transactions in rubles and rupees.
Huileng Tan
3 mins read
Russia claims it doesn't care who wins the US election. Its state media tells another story.
Kamala Harris' tendency to burst out laughing has been ridiculed on Russian state TV. Meanwhile, D…
Hannah Abraham
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
2 mins read
Russia's military still has dangerous combat forces 'barely touched' by the Ukraine war, top US general in Europe warns
Gen. Christopher Cavoli also said that the Russian ground forces operating in Ukraine are bigger th…
Jake Epstein
3 mins read
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
5 mins read
Countries from Russia to China are building payments systems that could threaten the dollar's global dominance
Cryptocurrencies, SWIFT alternatives, and even the barter system could reshape global payments amid…
Huileng Tan
2 mins read
Russia's war pushed Europe to a tipping point on wind and solar
Wind and solar generated more EU electricity than fossil fuels in the first half of the year for th…
Catherine Boudreau
2 mins read
Russia's war pushed Europe to a tipping point on wind and solar
Wind and solar generated more EU electricity than fossil fuels in the first half of the year for th…
Catherine Boudreau
2 mins read
Nearly all Chinese banks are refusing to process payments from Russia, report says
Almost all Chinese banks — even small regional ones — are now refusing to accept direct transaction…
Huileng Tan
2 mins read
Some Chinese banks are so fearful of sanctions that they're returning payments for goods that have reached Russia, report says
The US Treasury and State Department recently announced fresh restrictions against 400 people and e…
Huileng Tan
2 mins read
Western sanctions are so tight that Russia and China could soon use an ancient trading system. It's worked before.
Due to US secondary sanctions, Chinese banks are now extremely cautious about processing payments f…
Huileng Tan
2 mins read
The Chinese yuan has helped fund Russia's trade and war machine — but those days may be numbered
Russia is looking into alternative payments infrastructure — which a top Russian banker said should…
Huileng Tan
2 mins read
China's trade with Russia is getting so difficult that payments can take half a year and most bank transfers are returned
Chinese banks are tightening compliance checks, fearing repercussions from Western sanctions.
Huileng Tan
7 mins read
Russia is finally getting serious about its war, and it spells trouble for Ukraine
Russian President Vladimir Putin's war machine looks different today than it did at the start of th…
Jake Epstein
3 mins read
The West can't completely isolate Russian banks because it would be disastrous beyond Russia
The West could still block the access of all Russian banks to SWIFT — but it would come with major …
Huileng Tan
2 mins read
Chinese banks are getting cold feet dealing with Russia
The Kremlin said it's trying to "working" on addressing issues with Beijing.
Huileng Tan
1 min read
Russia appears to be creating a 'buffer zone' to stop Ukraine raiding Russian towns, experts say
In its latest attack, Russia looks to be prioritizing establishing a border "buffer zone" rather th…
Thibault Spirlet
2 mins read
Russia and Iran are combining their banking systems to get around being banned from SWIFT
"The financial channel between Iran and the world is being repaired," Mohammad Farzin, Iran's chief…