A sanctions loophole is allowing China to quietly send millions of dollars worth of military gear to Russia

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Russian soldiers
Russian soldiers in St. Petersburg on August 25, 2022.

Photo by OLGA MALTSEVA/AFP via Getty Images

Russia-China ties deepen as Beijing buys a record amount of oil from the warring nation in the first half of 2023

Tech Insider : Politics
Russian President Vladimir Putin and Chinese President Xi Jinping attend a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023
Russian President Vladimir Putin and Chinese President Xi Jinping attend a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023

Sputnik/Sergei Karpukhin/Pool via REUTERS

Russia and India reportedly halt talks over using rupees for trade, with Moscow preferring to be paid in Chinese yuan

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A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India.
A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India.

Dhiraj Singh/Bloomberg

Russian gold is now flooding the UAE, Turkey and Hong Kong after facing sanctions in the West

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putin gold
Vladimir Putin.

REUTERS/Alexsey Druginyn

Russia’s battered wartime economy is still chugging along as it taps its wealth fund, raises taxes, and ramps up imports

Tech Insider

Welcome back, readers. I'm Phil Rosen. I hope you enjoyed this weekend's NBA playoffs and new episode(!) of Succession as much as I did. 

We have a lot of ground to cover today — starting with First Republic. The FDIC announced early this morning that the firm will be taken over by JPMorgan after being seized by regulators.

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

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

Russian Defense Ministry/Handout/Anadolu Agency via Getty Images

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

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Vladimir Putin
Russian President Vladimir Putin.

Alexei Druzhinin/RIA Novosti, Kremlin Pool Photo via AP

Germany looks to cut its reliance on China with a new $2.2 billion commodities fund

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Nord Stream 1 German Chancellor Olaf Scholz
German Chancellor Olaf Scholz (R) stands next to Christian Bruch, President and CEO of Siemens Energy, in front of a turbine of the Nord Stream 1 pipeline as Scholz gives a statement during a visit on August 3, 2022 at the plant of Siemens Energy in Muelheim an der Ruhr, western Germany.

SASCHA SCHUERMANN / Getty Images

China and India 'launder' Russian oil and resell it to Western nations that sanctioned Moscow, study says

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putin russia
Russian President Vladimir Putin.

Sergei Karpukh/Reuters

China and India are buying so much Russian oil that Moscow's now selling more crude than it was before invading Ukraine

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china president putin russia

Sergei Karpukhin/Reuters

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