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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   


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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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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   


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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 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   


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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   


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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   


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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   


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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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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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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   


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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   


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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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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   


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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   


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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   


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Russia is doubling down on its de-dollarization efforts as Putin calls to reduce use of 'toxic' currencies

Russia's use of "toxic" currencies has been slashed in half over the past year, Putin said.

Jennifer Sor   


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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   


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Russia's biggest energy company says it'll take it at least 10 years to recover gas sales lost because of the Ukraine war

The gas giant's export volumes won't return to pre-war levels until at least 2035, a firm-commissio…

Filip De Mott   


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De-dollarized payment systems are cropping up. Here's why they're unlikely to dent greenback dominance.

"The emergence of the technological capacity to drive de-dollarisation does not necessarily mean de…

Filip De Mott