Russia's economy has little to offer China, and their growth in trade is more modest than it appears, analyst says

Tech Insider : Economy
Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023.
Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping at the Kremlin on March 21.

Sputnik/Sergei Karpukhin/Pool via Reuters

Russia can use its sovereign wealth fund to help pay for its war on Ukraine despite sanctions, report says

Tech Insider : Business
russian soldiers military
Soldiers conduct military exercises in Moscow, Russia, on September 1, 2022.

Russian Defense Ministry/Handout/Anadolu Agency via Getty Images

Russia's economy is facing a record worker shortage amid losses in Ukraine and mass exodus

Tech Insider : Economy
Russian military conscript troops
Russian conscripts called up for military service wait to board a train at a railway station in Omsk on November 27, 2022.

REUTERS/Alexey Malgavko

Russia's top spy agency is worried that domestic banks don't have enough foreign currency, report says

Tech Insider
Russian President Vladimir Putin

MIKHAIL METZEL/SPUTNIK/AFP via Getty Images

Russian oil sanctions appear to be working - crude still flows even as Moscow's pulling in less money. But there's more to it than that.

Tech Insider

Hey there market people. Phil Rosen here. 

I spent much of yesterday parsing through pages of data on where Russian oil is heading and how much buyers are paying for barrels. 

The clearest takeaway is that the West's sanctions do in fact seem to be taking a toll as intended — Moscow's export revenues are down, but plenty of oil remains available as far as global supplies. 

Russian oil price caps have crushed Moscow's war revenue to start the year - despite widespread violations

Tech Insider
vladimir putin russia
Russian President Vladimir Putin.

Pool/Yuri Kadobnov via Reuters

India could rely on Russia for half its oil imports soon as Moscow continues to sell cheap barrels

Tech Insider
Vladimir Putin
Russian President Vladimir Putin.

Alexei Druzhinin/RIA Novosti, Kremlin Pool Photo via AP

Elon Musk warns against weaponizing currencies as the de-dollarization movement takes hold

Tech Insider
A man holds up dollar bills in a money exchange office in Istanbul, Turkey.
A man holds up dollar bills in a money exchange office in Istanbul, Turkey.

YASIN AKGUL/AFP via Getty Images

Russia is landing new buyers for its sanctioned diesel all over the world and Brazil's taking advantage of the steep discounts.

Tech Insider

Welcome to the weekend. I'm Phil Rosen. Today we're talking energy — and I'm sharing a conversation with a leading expert on Russian diesel flows.

Russia minted 22 new billionaires last year, even as the West slapped sanctions on the country to try to cripple it financially

Tech Insider : Economy, Politics
Russian billionaires and businessmen Andrei Melnichenko (L) and Alexei Mordashov attend the congress of Russian Union of Industrialists and Entrepreneurs (RSPP) on March 16, 2023 in Moscow, Russia.
Russian billionaires and businessmen Andrei Melnichenko (left) and Alexei Mordashov saw gains in their wealth in the last year.

Getty Images

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