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2 mins read
Russia thanks Western sanctions for helping it avoid the CrowdStrike IT outage
An IT outage linked to CrowdStrike disrupted flights, banks, and media outlets across the globe. Ru…
Cameron Manley
2 mins read
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
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
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
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
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
2 mins read
Putin wants to strengthen a big challenger to Western dominance
BRICS is expanding, with Thailand and Malaysia recently expressing interest to join the bloc.
Huileng Tan
2 mins read
Why loosening sanctions would put more pressure on Russia, according to a think tank
The West could spur inflation and buckle Russia's economy if sanctions were loosened on capital flo…
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
2 mins read
Russian inflation will soar even higher as sanctions spark another surge in gas prices, British intelligence says
Inflation in Russia is "highly likely" to remain above target through the rest of 2024, the UK Defe…
Jennifer Sor
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
1 min read
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
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
2 mins read
Russia's war-driven economic growth is a mirage, and more sanctions are needed to keep pressure on, European finance ministers say
"When taking a closer look at the signals, it becomes clear that everything is not as rosy with the…
Filip De Mott
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
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
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
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
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…