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U.S. Deems Russia's Wagner Group 'Transnational Criminal Organization'

The U.S. Treasury Department declared Russia's shadowy Wagner Group a “transnational criminal organization” and imposed fresh sanctions on...

Asian Olympic Chiefs Say Russians Can Take Part in Asian Games

Russian and Belarusian athletes will be able to compete in this year's Asian Games despite the invasion of Ukraine, the Olympic Council of Asia (OCA) said...

Only 8.5% of Western Firms Have Left Russia – Study

Despite widespread outrage over Moscow's war in Ukraine, only a small number of Western companies have deserted Russia, according to a Swiss study. Researchers...

Kremlin: Russian Firms Can Ignore 'Unfriendly' Foreign Shareholders

The Kremlin has given major Russian companies permission to disregard the votes of shareholders from so-called "unfriendly" countries this year as a means...

supply and demand

Russian McDonald's Spinoff Sets Sights on Kazakhstan Market

The owner of the rebranded Russian McDonald’s is seeking to expand into Kazakhstan, the state-run RIA Novosti news agency reported Monday. The U...

Sanctioned Russian Aviation Sector Hit By Slew of Incidents in New Year

Russia's aviation sector, among the industries hardest-hit by Western sanctions over Ukraine, has suffered a number of incidents in the first days...

dodging penalties

Abramovich's Trusts Reorganized Before Russia Sanctions – Report

Russian oligarch Roman Abramovich's seven children became the beneficiaries of 10 offshore trusts holding assets worth billions of dollars shortly before...

Gazprom CEO Admits 'Difficult' Year for Russian Energy Giant

The head of Gazprom admitted on Wednesday that the Russian energy giant had experienced a challenging year as the company sought new markets following...

growing depression

Ukraine War, International Isolation Fuels Russian Mental Health ‘Crisis’

Boris started taking antidepressants for the first time in his life at the end of February, shortly after Russian tanks rolled across the border into Ukraine...

market collapse

Organized Tourism to Russia Drops by 90% in 2022 – Kommersant

The number of foreigners visiting Russia as part of an organized tour plummeted by more than 90% during 2022 as the country’s international isolation...

Moscow Warns of Ban on Oil Sales to Countries Joining Price Cap

A senior Russian official warned Friday that Moscow would ban oil sales to countries that join a Western price cap on the country’s crude. President...

Yandex Registers New Companies to Bypass Sanctions – RTVI

Russian tech giant Yandex has registered holding companies in Armenia and the U.S. in order to bypass international sanctions on Russia over the invasion...

'ill-gotten gains'

Canada Moves to Seize $26M from Russian Oligarch Roman Abramovich

Canada's government on Monday announced the start of a process to seize $26 million in assets from a company owned by sanctioned Russian oligarch Roman...

nickels and dimes

U.S. Financial Sanctions Target Russian Oligarch Vladimir Potanin

The U.S. announced financial sanctions targeting one of Russia's wealthiest men, Vladimir Potanin, the Treasury Department and State Department said Thursday...

withdrawal complete

Swedish Clothing Giant H&M Shutters Last Stores in Russia

Swedish fashion retailer H&M announced on Thursday that it had closed its last remaining stores in Russia and Belarus, wrapping up its progressive...

circumvented restrictions

Russia Sources Sanctions-Busting $2.6B in Tech Since Invading Ukraine – Reuters

Russia has sourced at least $2.6 billion in computer components and electronics in the months since falling under Western tech sanctions for its invasion...

unblocked straits

Turkey Ends Tanker Dispute Linked to Russian Price Cap

Turkey said Tuesday it has cleared up a dispute linked to a Western price cap on Russian crude that had stalled the passage of tankers through the Bosphorus...

far-reaching consequences

7 Unexpected Ways Western Sanctions Have Affected Life in Russia

Western sanctions on Russia over its invasion of Ukraine may not have resulted in the dramatic economic collapse some predicted — but they have still...

stagnant straits

Dozens of Oil Tankers Stuck in Turkey Amid Russian Price Cap Fallout – Reports

Millions of barrels of oil on apparently non-Russian tankers were stuck in Turkish waters due to Ankara’s proof-of-insurance demands as part of a...

seized subsidiaries

Russia's Rosneft Reports $889Mln Loss from Assets 'Transfer' in Germany

Russia's oil giant Rosneft said Wednesday its profit over the past nine months had been badly hit by the seizure of its German-based refineries by Berlin...

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