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Business
cutting proceeds
U.S. Seeking to Brand Russia a ‘Blood Diamonds’ Exporter
Moscow's Finance Ministry dismissed the Western-backed effort to redefine conflict diamonds as “political demagogy.”
monetary rise
Russian Exports to EU Up Amid Higher Oil Prices
Russia’s oil and fuel revenues increased despite the total volume of oil exports decreasing since invading Ukraine.
opinion
Nick Trickett
The Russian Economy: Failing To Plan, Planning to Fail
"Technological sovereignty" is word salad for partial state planning — and too little, too late.
aviation woes
Half of Russia’s Air Traffic Control Staff Furloughed or Fired – Vedomosti
At least 600 air traffic controllers have reportedly been laid off since the start of the invasion of Ukraine.
collapsing imports
Smartphone Shipments to Russia Drop 38% Amid Company Pullouts
The fall was particularly pronounced for cheaper smartphones.
seeking damages
Russian Tycoon Deripaska Sues Ex-Banker Tinkov for Defamation
Tinkov had dismissed Deripaska as “an oligarch and a thief” in the comments below his own anti-war post on Instagram.
commodity contraction
Russia’s Oil Output Falters After Summer Rebound
Oil production had previously seen several months of recovery from Western sanctions imposed over Russia’s war in Ukraine.
Energy wars
Russia Starts Delivering Extra Gas to Hungary – Budapest
Hungary said Saturday that Russia has started delivering additional gas to the EU member following a July visit to Moscow by its foreign minister.
looking ahead
Central Bank Predicts Russia Will Return to Economic Growth in 2024
"The main challenge in the coming years is to create the conditions for a successful transformation of the economy," a Central Bank report said.
sanctions workaround
Russia to Revive Soviet-Era Shops Selling Western Goods to Foreign Diplomats
The stores could open in the capital Moscow and St. Petersburg as soon as September this year.
Slow return
Gazprom Says Sanctions Make Gas Turbine Delivery ‘Impossible’
European countries suspect Moscow is looking for an excuse to delay the turbine's return to Russia.
not happy
Ex-Yandex Head Takes EU to Court Over Sanctions
Tigran Khudaverdyan argued he “does not support the actions of the Government of the Russian Federation.”
Mounting isolation
Sanctions ‘Cripple’ Russian Economy, Study Says
Much of Russia’s domestic economic activity has stalled since the Feb. 24 invasion of Ukraine.
energy crisis
Russia Suspends Gas Supplies to Latvia
EU states accuse Russia of squeezing supplies in retaliation for Western sanctions over Moscow's intervention in Ukraine.
policing the web
Russia Fines WhatsApp, Snapchat, Tinder for Data Law Violations
Russian law requires tech companies to store the data they hold on Russian users locally.
supply issues
Samsung Smartphones Disappear From Russian Stores
Customers in some Russian cities are reportedly being asked to wait for up to five days for deliveries.
Measuring the Effects
Russia Doing Better Than Expected Despite Sanctions – IMF
The sanctions were meant to sever Russia from the global financial system and choke off funds available to Moscow to finance the war.
in hiding
Fugitive Ex-Wirecard Exec Obtains Russian Passport – Reports
Jan Marsalek, who is on Europol’s most-wanted list for alleged fraud, is believed to be under the protection of Russia’s security services.
gas showdown
Ukraine Calls Europe to Action as Russia Slashes Gas
The cuts mean Gazprom will be delivering gas to Europe at only about 20% of the pipeline's capacity.
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