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energy spat

Russia Suspends Gas to Italy After 'Problem' in Austria

Russia's Gazprom has suspended gas deliveries to Italy's Eni, blaming a transport problem in Austria, the Italian energy giant said on Saturday. "Gazprom...
shrinking mir

All Turkish Banks Halt Russia’s Mir Payment System – Reports

Three Turkish state banks plan to exit Russia’s Mir payments system over U.S. warnings of sanctions, Bloomberg reported Tuesday, citing an unnamed...
sanctions pressure

Uzbekistan Suspends Russia's Mir Payment System

Uzbekistan suspended the Russian alternative payment system Mir on Friday amid U.S. pressure on the few countries using the service to drop it. Russia...
high hopes

Russia Says Economy to Shrink Less Than Forecast

Russia's sanctions-hit economy will shrink by less than previously forecast this year and return to growth in 2024 on the back of domestic demand and investment...
going flat

PepsiCo Ends Production in Russia – Reuters

The move comes nearly six months after the company promised to suspend production in response to Moscow’s invasion of Ukraine.
sanctions compliance

Major Turkish Banks Halt Use of Russia’s Mir Payment System

Russian travelers are now being advised to travel abroad with cash in hand.
Financial Hurdles

Expansion of Russia's Payment Faces 'Difficulties'

Russia is pushing for countries to adopt its domestic-made Mir payment system as a way to work around sanctions.
slowing inflation

Russia’s Central Bank Slashes Interest Rates to 7.5%

The key rate continues to fall nearly seven months after the Bank raised it to a historic 20% following the invasion of Ukraine.
energy wars

Germany Seizes Russia’s Rosneft Units to Ensure Energy Supplies

Rosneft is among the largest oil processing companies in Germany.
eastward turn

Russia Says Pipeline to China Will Replace Nord Stream 2

The future Force 2 pipeline in Siberia is expected to transport over 50 billion cubic meters of gas to China per year.
energy source

Japan Boosts Natural Gas Imports From Russia

Japan imported 450,000 metric tons of LNG from Russia last month — a 211.2% increase from August 2021.
economic ties

Ex-Soviet States Boost Exports to Sanctions-Hit Russia

Exports from Belarus, Kazakhstan, Armenia and Kyrgyzstan to Russia are up 15% compared to last year.
departure complete

Halliburton Completes Russia Exit Over Ukraine War

The American energy multinational said it sold its Russian business to a Russia-based management team.
positive projection

Sanctions ‘Failed’ to Undermine Russia’s Financial Stability – PM

A slowdown of the economy was "inevitable" in the face of sanctions, Mishustin said, "but it did not prove destructive." 
evading sanctions

Russian Minister Promises iPhone 14 Imports

Russia's “parallel imports” scheme allows goods to be re-exported to Russia without permission from the trademark owner. 
trade imbalance

China Ups Russian Imports, Keeps Exports Level – Kommersant

China's imports from Russia surged 50%, while exports grew only 8.5% so far this year.
currency switch

Gazprom Says China Will Pay For Russian Gas in Rubles, Yuan

Amid the war in Ukraine, Russia has redirected significant gas flows to China.
up in the air

EU Sanctions Delay Russia’s Cross-border Cable Car to China

Construction of the Blagoveshchensk-Heihe cable car across the Amur River began was due to wrap up this year. 
far away

China’s Huawei Moves Russian Staff to Central Asia – Vedomosti

Kazakhstan-based staff will be responsible for Huawei’s business development in the entire post-Soviet market, according to one expert.
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