Moscow banned 2 major Swiss banks from selling shares in its subsidiaries after a Russian bank said it would lose money from their exit

Tech Insider : Economy, Politics
UBS sign
Moscow banned 2 major Swiss banks from disposing of shares in its subsidiaries after a Russian bank said it would lose money from the exit.

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Russian oil smashes through the G7 price cap as crude exports in July hit the highest level of 2023

Tech Insider
Oil terminal ship in Russia

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Russian tech billionaire breaks silence, says he's horrified by Putin's 'barbaric' war in Ukraine

Tech Insider
Russia Vladimir Putin troops swords
Russian President Vladimir Putin addresses Russian military, National Guard, FSB, and Interior Ministry personnel at the Kremlin in Moscow.

SERGEI GUNEYEV/SPUTNIK/AFP via Getty Images

Ukraine is tracking Da Vincis and Warhols on the art market to stop sanctioned Russian oligarchs cashing in by selling their assets

Tech Insider
A composite image showing, left, Auguste Rodin's bronze
L: Rodin's "The Thinker." R: Andy Warhol's "Marilyn" screenprints.

Timothy Clary/AFP / Sefa Karacan/Anadolu Agency via Getty Images

China's economy is sputtering as the nation's exports hit their lowest level in over 3 years

Tech Insider : Economy
forbidden city china

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The wartime economy is making Russians hoard cold hard cash more than ever — the money in circulation reached a record $187 billion in June

Tech Insider : Economy, Politics
A vendor counts Russian rouble banknotes at a market in Saint Petersburg
Russians are hoarding more cash amid the war.

Reuters

The UK has slapped so many sanctions on Russian oligarchs, authorities are struggling to keep up with their applications to pay at supermarkets, florists, and yoga studios

Tech Insider : Economy
A shopper walks through the fresh meat aisle in a branch of Waitrose in south London.
The UK has slapped so many sanctions on Russian oligarchs, authorities are struggling to keep up with their applications to pay at supermarkets, florists, and yoga studios.

Aaron Chown/PA Images/Getty Images

A $700 million superyacht linked to Putin was seized in Italy last year. It's being treated to a refurb while it waits, and authorities won't say who's paying for it.

Tech Insider : Economy
'Scheherazade', one of the largest superyachts in the world, anchors in Bodrum district of Mugla, Turkey on August 16, 2020.
The Scheherazade superyacht features six floors, two helipads, a swimming pool, a spa complex, and a beauty salon.

Osman Uras/Anadolu Agency via Getty Images

Top banks made $6 billion trading the ruble last year amid Western exodus from Russia, report says

Tech Insider
russia ruble

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The biggest Western bank still operating in Russia gave its employees an extra $220 million over the last 6 months. That's an average of $24,000 per employee.

Tech Insider : Economy
A man walks past the logo of Raiffeisen bank seen atop a building behind a huge monument to Vladimir Lenin, the founder of the USSR, in Moscow on April 3, 2023. - Austrian banking group Raiffeisen, one of the last major Western banks in Russia, said on March 30, 2023 it was considering a
The biggest Western bank still operating in Russia gave its employees an extra $220 million over the last 6 months.
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