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Sanctions

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

Wed, 04/26/2023 - 09:09

vladimir putin russia — Russian President Vladimir Putin.
Pool/Yuri Kadobnov via Reuters

Markets, MI Exclusive, Russian Oil, Russia, Moscow, oil exports, Oil

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

Tue, 04/25/2023 - 09:42

Vladimir Putin — Russian President Vladimir Putin.
Alexei Druzhinin/RIA Novosti, Kremlin Pool Photo via AP

Markets, MI Exclusive, India, Russia, China, Russian Oil, Oil

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

Tue, 04/25/2023 - 07:32

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

Markets, MI Exclusive, Dollar, US Dollar, Currencies, India, China

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

Sat, 04/22/2023 - 07:00

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.

Markets, Newsletters, 10 things, Newsletter, 10 things opening bell, Real Estate, Russian Oil

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

Fri, 04/21/2023 - 05:51

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

economy, politics, News, Russia, Wealth, Billionaires, Ukraine War

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

Wed, 04/19/2023 - 09:25

putin russia — Russian President Vladimir Putin.
Sergei Karpukh/Reuters

Markets, MI Exclusive, Russia, Oil, Crude Oil, Ukraine War, Sanctions

Absolut says it's going to stop exporting vodka to Russia — but it had suspended shipments before, and Russians are already drinking less vodka anyway

Wed, 04/19/2023 - 02:48

Tech Insider : Economy

Cases of vodka are readied for transport at the Absolut shipping facility in Ahus in this photo taken July 17, 2007. The Swedish government passed a law in June allowing the sale of state-owned Absolut vodka maker Vin & Spirit, a sale which analysts expect to be worth $5 billion to $6 billion. Picture taken July 17, 2007.

Retail, economy, International, News, Vodka, absolut, Russia

Russian oligarch Oleg Deripaska slams his country's 'primitive' financial system, says it is 'bondage and usury based on state banks'

Tue, 04/18/2023 - 04:30

Tech Insider : Economy

Oleg Deripaska — Russian tycoon Oleg Deripaska criticised the Russian financial system.
REUTERS/Sergei Karpukhin

economy, International, News, Russia, financial system, Banks, Oligarchs

Russia's economy is hurting - and a new wave of EU sanctions aimed at crippling its 'war machine' are coming. Here are 6 key developments in the past week.

Sun, 04/16/2023 - 06:45

Russian President Vladimir Putin in Moscow, Russia on March 30, 2023. — Russian President Vladimir Putin.
Gavriil Grigorov/Sputnik, Kremlin Pool Photo via AP

Markets, MI Exclusive, Vladamir Putin, Russia, Russian Economy, Ruble, Currency

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

Fri, 04/14/2023 - 12:35

china president putin russia — Sergei Karpukhin/Reuters

Markets, MI Exclusive, Kpler, Oil, China, India, Russia

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