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Trump Ready to Match EU Tariffs on China, India to Pressure Putin – U.S. Official

Trump raised the possibility of tariffs between 50% and 100% on Moscow's oil buyers to hit at revenue it needs for the war in Ukraine, the official said...

China Eyes 'Panda Bond' Fundraising by Russian Energy Firms – FT

If approved, the borrowing would be the first Russian corporate bond placement in China since Moscow's invasion of Ukraine.

Chinese Exports to Russia Record Sharpest Drop Since February

Russian shipments to China also fell sharply, declining 17.8% year-on-year to $9.35 billion, a 6.9% decrease from July.

Seizing Russian Assets Would Risk 'Terrible Systemic Shock' to Euro – Belgian FM

The EU froze some 200 billion euros of Russian central bank assets after the 2022 invasion of Ukraine.

Gasoline Prices in Russia Continue to Soar, Beating August Record

Experts have largely attributed the increase to an uptick in Ukrainian attacks that have damaged refineries and forced major facilities offline.

Russian Economy Slipped Into ‘Technical Stagnation,’ Sberbank CEO Warns

German Gref also repeated his past warnings that the Russian Central Bank’s tight monetary policy risked tipping the country into recession.

What the Power of Siberia 2 Deal Really Means for Russia and China

Although the project has ostensibly been green-lighted, several uncertainties remain.

opinion Jason Corcoran

Putin’s Shanghai Bond Bonanza Is a Pipe Dream

The value of global financial institutions lies in transparency and predictability. Putin's for a new monetary infrastructure has none of that.

Gazprom Shares Tumble After Power of Siberia 2 Deal Announcement

Investors were quick to note that the deal signed in Beijing was only another memorandum of intent, not a binding supply contract.

Wartime Pressures Push Russian Corporate Losses to Highest Level Since Pandemic

Izvestia reported that it was the first time since the pandemic lockdowns of 2020 that the share of unprofitable businesses topped 30%.

Russia and China Sign Deal to Advance Power of Siberia 2 Pipeline

The deal was one of four agreements struck between Russia’s state energy giant Gazprom and the China National Petroleum Corporation, Gazprom’s chief...

opinion Sergei Vakulenko

Can Russia Weather a Fuel Crisis Caused by Ukrainian Drone Attacks?

Damage to Russian refineries has helped send gasoline prices to multi-year highs. But the government has options to mitigate the shortages.

Rutube Video Platform Plans Layoffs Ahead of Gazprom Media Merger – Report

Gazprom Media said earlier that Rutube would be combined with streaming service Premier and TikTok-style app Yappy under a single brand.

From War Surge to Slump: Is the Russian Economy Heading Toward Recession?

The Russian economy is still posting GDP growth, but the war-driven boost from heavy budget spending is fading.

Russian Stocks Retreat After Ukraine Peace Talks Fail to Deliver

Blue chips, including Aeroflot, MTS, En+, Credit Bank of Moscow and Unipro, led the decline on Monday, each falling more than 2%.

Russia’s Credit Growth Slows as Households Cut Borrowing

The Central Bank described retail lending as “weak” and corporate lending as “moderate,” attributing the slowdown to its tight monetary policy...

Leading Russian Drone Manufacturer Faces Financial Turmoil

Kronstadt, a maker of military and civilian drones, has been hit with 40 lawsuits that total $7.8 million over the past three months.

U.S. Oilfield Services Company Weatherford Expands Russia Operations Despite Sanctions – FT

The Financial Times identified roughly 100 job postings by Weatherford in Russia since late February, when new U.S. sanctions came into effect.

Russia Eyes New Tax Hikes, Spending Cuts to Sustain Record Defense Spending – Reuters

“We simply won’t be able to make ends meet, even with a reduction in defense spending,” an unnamed government source said.

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