Russia and China's trade relationship has become increasingly lopsided

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Moscow has become increasingly reliant on China as the war in Ukraine drags on.
Moscow has become increasingly reliant on China as the war in Ukraine drags on.

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Russia received millions of dollars worth of equipment from US companies to keep its oil trade afloat after the invasion of Ukraine, report says

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Russia oil
A worker checks a pressure gauge at an oil pumping station near the Rosneft company owned Suzunskoye oil field, north from the Russian Siberian city of Krasnoyarsk, March 26, 2015.

REUTERS/Sergei Karpukhin

Russia plans a digital version of the ruble after an 19% slide against the dollar this year

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Russia ramps up its economic war with the West as it seizes local operations of 2 corporate giants

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Putin
Russian President Vladimir Putin delivers his annual address to the Federal Assembly of the Russian Federation, at Moscow's Manezh Central Exhibition Hall.

Mikhail Klimentyev/Getty Images

Russia's oil exports climb to fresh highs despite threats to slash production

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Vladimir Voronin / AP

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

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Vladimir Putin.

REUTERS/Alexsey Druginyn

For the first time since it invaded Ukraine, Russia is expected to start buying Chinese yuan again to replenish its foreign reserves

Tech Insider : Economy
Vladimir Putin
Russian President Vladimir Putin.

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

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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's energy dominance is fading with pipeline gas exports reportedly set to fall by 50% this year

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Putin
Russian President Vladimir Putin attends a cabinet meeting via videoconference in Moscow, Russia, Wednesday, Aug. 31, 2022.

Gavriil Grigorov/AP

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

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