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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
1 min read
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
1 min read
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
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
1 min read
Russia has finally admitted Western sanctions are hitting its oil exports
Secondary sanctions are spooking global banks, as some of them turn away from doing business with R…
Huileng Tan
1 min read
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
2 mins read
How China has helped Russia and Iran evade Western sanctions, according to a think tank
Beijing's oil market facilitates restricted trade for Russia and Iran, using "dark fleet" tankers t…
Yuheng Zhan
1 min read
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
1 min read
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
1 min read
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
2 mins read
Russia's grand railway plan to get around Western sanctions is about to get even bigger
Russia is investing in rail transportation to bypass Western sanctions, connecting with China, Indi…
Huileng Tan
1 min read
Russia's oil and gas revenue is reportedly set to boom 50% this month
Russia's oil and gas sales are on track to reach $9.4 billion in June, Reuters estimated.
Jennifer Sor
1 min read
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
2 mins read
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
2 mins read
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
1 min read
Half of Russia's sanctioned oil tankers are now standing idle
Of the 50 tankers sanctioned by the US since October, 21 are now idle, no longer trading Russian cr…
Filip De Mott
2 mins read
Stock market today: S&P 500 closes at fresh record high as Nvidia becomes world's biggest company
Nvidia overtook Microsoft to become the world's most valuable company, boosting the S&P 500 to a fr…
Filip De Mott
2 mins read
Russia's wartime economy is flush with resources and is weathering Western sanctions, European economist says
Russia's severe worker shortage is the only real problem plaguing the country's economy, Michel San…
Jennifer Sor
1 min read
Shadowy middlemen are giving Russia access to old Western tech left over in countries like China and Turkey
Russian manufacturers wouldn't be able to meet demand without these second-hand supplies, a think t…
Filip De Mott
2 mins read
The West is seeking to take back Russia's shadow fleet of oil tankers, sanctions official says
"What we want to do is force volumes back into the G7 fleet," sanctions official Olga Dimitrescu sa…