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Russia's Monthly Income From Oil Exports Surpasses Pre-War Levels – Bloomberg

Despite the G7 price cap, Moscow's net oil revenues almost doubled between April and October, totaling $11.3 billion for that month.

strategy review

Lukoil Mulls Over Selling Bulgarian Oil Refinery

Lukoil slammed plans by the Bulgarian government to end imports of Russian crude oil, saying that it may sell its refinery in the Black Sea nation.

stabilizing efforts

Russian Central Bank To Resume Currency Trades in 2024

The Bank had suspended those transactions in August as the ruble slid below 100 against the U.S. dollar.

Soaring Turkish Exports of Military-Linked Goods to Russia Raise Western Concerns – FT

Turkish exports are labeled as being destined for Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan and Uzbekistan, but authorities there do not report increased...

belt-tightening

Russia's Gazprom Plans Investment Cut as Exports Drop

Gazprom's investment program for next year, spent on energy projects and infrastructure, will drop about 20% year-on-year to 1.57 trillion rubles ($17...

Russian Airlines Invited to Launch Flights to North Korea – Reports

A Rosaviatsia delegation visited counterparts in North Korea last week to discuss the expansion of air traffic between the two countries, Kommersant reported...

late-night meeting

Business Leaders Voice Alarm to Putin Over ‘Frightening’ Nationalizations – Vedomosti

Around 80 businessmen and officials gathered at Putin's residence outside Moscow for the late-night meeting.

Russians’ Real Estate Deals in Spain Hit Post-Crimea High – RBC

The 2,137 transactions on the purchase and sale of housing made by Russian nationals in January-June 2023 mark a 50% increase from the same period last...

Russian Brewery Executives Arrested for Brand Sales to Carlsberg – Reports

Police and Federal Security Service (FSB) agents reportedly carried out more than a dozen searches at offices affiliated with Baltika in St. Petersburg...

contraction over

Russian Economy Expands for Second Quarter Running

The economy expanded by 5.5% year-on-year in the third quarter after contracting in the same period last year, according to the state statistics agency...

cyprus confidential

Cyprus Pledges to Probe Russia Sanction-Busting Allegations

A media investigation said Cyprus "plays an even bigger role than was commonly known in moving dirty money for Russian President Vladimir Putin and other...

weak enforcement

Almost No Russian Oil Sold Below G7 Price Cap – FT

An unnamed senior European official told FT that G7 countries and their allies would need to "toughen up" on sanctions against Russia.

Moscow Denies It Stole Carlsberg’s Subsidiary in Russia

The comments come after Carlsberg's CEO said Russia had "stolen our business" and explained his company would not enter a deal with the Kremlin.

Russia Inflation Accelerates to 6.7%

Rising prices have caused concern for the Kremlin and Russia's Central Bank, which has raised interest rates to 15% in a bid to battle inflation.

conversion crunch

Binance to End Support for Ruble Deposits Amid Russia Exit

The crypto exchange urged its users to transfer their rubles to the newly created company CommEX.

Putin Offers Way for Russians to 'Swap' Frozen Assets

According to the Kremlin, more than $16 billion worth of foreign investments belonging to Russian citizens are now stuck abroad.

all that glitters

U.K. Crime Agency Says Russia Using Gold to Evade Sanctions

Gold exported from Russia since July 2022 is "increasingly being shipped to countries that do not apply sanctions on Russian gold," said the NCA.

unbothered image

Russia Shrugs Off Latest U.S. Sanctions

"We have adapted to sanctions... We have learned how to overcome them," Kremlin spokesman Dmitry Peskov said.

'supplying the aggressor'

Kyiv Names Nestle 'Sponsor of War' Over Russia Operations

Nestle says its operations in Russia are "focused on providing essential and basic foods to the local people."

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