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2 mins read
Russia's second-biggest bank VTB slides toward default, after paying rubles on dollar bonds due to sanctions
VTB said it has been "completely cut off from foreign payment infrastructure in US dollars" as it m…
Harry Robertson
2 mins read
Russian stocks drop 4% on 2nd day of reopened trading in Moscow, as restrictions fail to hold back selling
Russia's strict rules on stock trading couldn't prevent major falls in the country's biggest compan…
Harry Robertson
2 mins read
India's biggest deal worth Rs 72,800 crores: Essar oil sells to Russia's Rosneft
The all-cash deal will give Rosneft and its partners control of Essar's 20 million tonne refinery i…
2 mins read
A new way for Russia to cement its hold on Ukraine: dirt-cheap mortgages
A Russian bank says it is launching a 2% mortgage rate for primary housing in Ukraine's occupied re…
Thibault Spirlet
1 min read
Russian banks say they're run out of yuan as Chinese firms pull away from the nation
Payment scuffles between Russian companies and Chinese banks have escalated in recent weeks, with C…
Jennifer Sor
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
2 mins read
A top Russian banker says Russia's payment methods should be a 'state secret' because the West keeps shutting them down so fast
Top Russian central banker Elvira Nabiullina admitted intense pressure surrounding payments, but sa…
Huileng Tan
1 min read
Russia-China trade payments are facing months of delays as sanction fear creates a banking shortage
Secondary sanctions are discouraging Chinese banks from working with Moscow, placing pressure on on…
Filip De Mott
4 mins read
Ukraine's IT army is a 'world first' in cyberwarfare but it's a major gamble for the government, experts say
Ukraine's IT army says it has launched thousands of attacks on Russian organizations since Russia l…
Cameron Manley
2 mins read
A top Russian banker says the dollar's dominance is ending but China's yuan is gaining prominence
Kostin's assessment of the dollar's clout and the yuan's rise came amid an intense debate over de-d…
Huileng Tan
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
1 min read
Russia seizes assets at European state-owned energy firms in retaliation against 'unfriendly countries'
"The decree adopted is a response to the aggressive actions of unfriendly countries," a Kremlin spo…
Jennifer Sor
1 min read
Russian state-owned companies edge closer to debt defaults as sovereign bonds near the brink
Russia's second largest bank made bond payments in rubles instead of dollars and euros while the Kr…
Phil Rosen
2 mins read
Putin's rumored girlfriend seen in public for first time since Ukraine invasion began
Vladimir Putin's rumored girlfriend Alina Kabaeva, a former Olympic gymnast, was seen in Moscow for…
Alia Shoaib
2 mins read
Russia's largest banks just hiked savings rates as high as 21% to encourage Russians not to withdraw cash
The rate hikes from Sberbank and VTB, reported by state media, come after Russians were pictured fo…
Grace Dean
1 min read
Customers of banks targeted by Russia sanctions are unable to use Apple Pay or Google Pay
Customers also won't be able to use their cards abroad or make online payments to companies in coun…
Grace Dean
2 mins read
Elon Musk was spotted with a sanctioned, pro-Putin Russian TV presenter at the World Cup final in Qatar
Nailya Asker-Zade, who posted a selfie of her and Elon Musk to Telegram on Sunday, has been sanctio…
Jake Epstein
2 mins read
Russian stocks are increasingly untradeable as more exchanges around the world suspend them amid Ukraine war
From New York to London to Germany, Russian stocks are in limbo as major exchanges have suspended t…
Natasha Dailey
1 min read
US stocks dip after the ECB hikes rates and Fed Chair Powell backs hawkish stance
The European Central Bank increased benchmark rates by 75 basis points on Thursday, the biggest inc…
Brian Evans
1 min read
US stocks climb as Tesla leads strong earnings news with Fed chief Powell due to speak
The tech-heavy Nasdaq jumped more than 1.7% after Tesla crushed first-quarter earnings estimates de…