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Russian banks are grappling with liquidity issues as US sanctions choke supply of yuan

Yuan availiability is shriveling up in Russia as US sanctions have pushed Chinese lenders away from…

Filip De Mott   


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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   


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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   


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Stock market today: US stocks rise on solid earnings and in-line inflation reading

Fitch Ratings said the PCE data was a "double dose of good news" for investors as inflation data fi…

Matthew Fox   


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Russian oil exports drop to lowest in 7 months amid OPEC cuts and sanctions

Russian oil exports are down as the country moves to comply with OPEC production cuts and sanctions…

Kelly Cloonan   


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The US has announced new sanctions targeting Russia's war machine — and says more are coming

The US Treasury and State Department issued 400 sanctions on individuals and entities still support…

Filip De Mott   


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Stock market today: US stocks end higher to hit a 4-month winning streak as soft landing hopes rise

Looking ahead, investors will be eagerly awaiting the August jobs report, due out next Friday. Expe…

Matthew Fox   


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Russian FX trading is almost entirely in yuan as sanctions restrict dollar use

The Chinese yuan takeover comes after sanctions halted trading in the dollar and euro.

Filip De Mott   


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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   


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Russia shuts down dollar and euro trading after sweeping US sanctions take aim at Moscow's financial lifelines

Russians were lining up at one lender that was still offering dollars after trade was restricted fo…

Filip De Mott   


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Russia is still passing $2 billion worth of its oil products to the West via middlemen, think tank says

Western countries have bought billions of dollars worth of Russian oil from Turkish refiners, a stu…

Jennifer Sor   


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Huileng Tan   


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Russia sees 'decades' of Western economic sanctions ahead, official says

Russia sees "decades" of Western sanctions ahead, a foreign ministry official said. The country is …

Kelly Cloonan   


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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   


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US sanctions have tanked Russian semi-chip imports from China and Hong Kong, new data shows

Semiconductor exports shipped through China and Hong Kong have dropped as much as 28% in the first …

Filip De Mott   


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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   


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3 reasons to pile into gold with the metal poised to rally in 2025, according to Goldman Sachs

"Gold offers significant hedging value to portfolios against geopolitical shocks including tariffs,…

Matthew Fox   


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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   


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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   


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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