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alternate payment
Armenian Banks to Suspend Russia’s Mir Payment System – RBC
The suspension will hinder Russian nationals living in Armenia from making non-cash transactions with their Mir cards, Russia's alternative to Visa and...
tech entrepreneur
EU Lifts Sanctions on Yandex Co-Founder Volozh
The billionaire had petitioned for sanctions relief after he became one of the few members of the Russian elite to criticize the war.
2 Min read
customs data
EU Firms Supply $630Mln in Equipment to Russia’s Arctic LNG 2 Project Despite Sanctions
The largest suppliers were companies from Italy, France, Germany, the Netherlands and Spain.
3 Min read
opec+ alliance
Russia to Cut Oil Output by 471,000 Bpd in 2Q24
Deputy Prime Minister Alexander Novak said Moscow will reduce its output by 350,000 bpd in April, 400,000 bpd in May and 471,000 bpd in June.
2 Min read
crude cut-off
Bulgaria Ends Russian Oil Imports
Bulgaria is historically close to Moscow and was almost entirely dependent on Russian oil and gas imports before Moscow's full-scale invasion.
1 Min read
power provider
Finland’s Fortum Seeks Compensation for Seized Russian Assets
The energy firm said it was seeking “several billions of euros” in compensation from Russia over the asset grab.
1 Min read
rising demand
Russia to Ban Gasoline Exports for 6 Months
The Russian government previously imposed “temporary restrictions” on gasoline and diesel exports late last year to tackle surging prices.
1 Min read
asset grab
Russian Billionaire Antipov Detained After Steel Plants Nationalized
Earlier on Monday, a court ruled to seize three steel production plants owned by billionaire Yury Antipov.
1 Min read
vtb bank
U.S. Charges Russian Banker Kostin With Sanctions Evasion, Money Laundering
The indictment is part of five charges the U.S. brought against "Russian criminals who finance and enable Russia’s war."
2 Min read
'blood grain'
Latvia Parliament Bans Food Imports From Russia, Belarus
Earlier this month, thousands of farmers demonstrated to call for a ban on Russian grain — which they said was funding the Kremlin's war efforts in Ukraine...
1 Min read
trade ministry
Japan Expands Russia Export Ban
A sixth major category in Japan’s export ban now includes automated computer numerical control machine tools.
1 Min read
sanctions saga
Yandex Co-Founder Volozh to Be Relieved of EU Sanctions – Reuters
In August 2023, his lawyers petitioned the EU for sanctions relief after he became one of the few members of the Russian elite to criticize the war.
2 Min read
full divestment
Danone Seeks to Sell Russian Operations to Chechen-Linked Businessman – FT
The potential sale price of $191.5 million was said to represent a 56% discount on Danone’s market value.
2 Min read
payment service
Russian Central Bank Revokes Qiwi Bank’s License
The regulator said it revoked the license of Qiwi Bank over what it called “high-risk operations” involving the black market.
2 Min read
closed accounts
UAE Banks Limit Payments With Russia Over Secondary Sanctions Threat – Vedomosti
Major lenders have stopped processing payments to and from Russia and are gradually closing the accounts of Russian citizens, according to business insiders...
2 Min read
tycoon turned critic
Russia Labels Exiled Banker Tinkov ‘Foreign Agent'
The self-made tycoon renounced his Russian citizenship in 2022 in protest at the conflict, which he called a "massacre."
1 Min read
holding steady
Russia’s Central Bank Holds Rates Amid High Inflation
Prices rose by 7.4% on an annual basis in January, Russia's federal statistics office said earlier this week — well ahead of the Central Bank's official...
2 Min read
'trade embargo'
Russia Lifts Ecuador Banana Ban After U.S. Arms Deal
Ecuador’s Foreign Ministry said early Friday it was sending a delegation to Moscow to resolve the issue of banana exports to Russia.
2 Min read
rising prices
Russia’s High Inflation Persists in January Data
The Kremlin's sweeping militarization of the economy has helped confound predictions that the campaign could trigger an economic collapse, but has led...
2 Min read
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