Ukraine is defying the US over strikes on Russian oil refineries. Experts say it's a necessary risk.

Tech Insider : Politics
Video taken through a windshield shows a plume of fire and smoke against a darkening sky at energy facilities after a Ukraine-launched drone attack in Yartsevo, Smolensk region, Russia in this still image from social media video released April 24, 2024
A Russian energy facility after a drone attack in Smolensk, Russia, in a still from a video released April 24, 2024.

Social Media/Reuters

Sanctions are squeezing Russia, turning up its dependence on China and 'rogue' states, think tank says

Tech Insider : Economy
Vladimir Putin.
Russian leader Vladimir Putin.

Sergei Guneyev/Pool/AFP via Getty Images

Russia-China trade payments are facing months of delays as sanction fear creates a banking shortage

Tech Insider : Economy
VTB Bank, Russia's second biggest lender
VTB said it could not make payments in dollars due to sanctions.

KIRILL KUDRYAVTSEV/Getty Images

How China has helped Russia and Iran evade Western sanctions, according to a think tank

Tech Insider : Economy
Chinese President Xi Jinping (left) and Russian President Vladimir Putin (right).
&quotWhile Russia may pose the most immediate challenge, China is the bigger long-term threat," CIA director William J. Burns wrote in an op-ed for Foreign Affairs.

Grigory Sysoyev/POOL/AFP via Getty Images

Ships carrying Russian diesel are idling off of Brazil in the latest hold-up for Moscow's energy flows

Tech Insider : Economy
  • Over 3.7 million barrels of Russian diesel are sitting on ships idling in waters near Brazil, Bloomberg reports. 
  • Though reasons are unclear, it marks the latest delay in Russian energy flows amid sanctions. 
  • More Russian ships bound for Brazil are veering off course from their expected routes. 

Tankers loaded with millions of barrels of diesel are drifting along the coast of Brazil, Bloomberg reports, the latest delay in Russia's oil shipments amid the West's sanctions. 

Moscow's ties to Beijing are paying off as Russian firms flourish amid lucrative deals with China

Tech Insider : Economy
Russia China summit
Russian Prime Minister Mikhail Mishustin meets with China's President Xi Jinping in Beijing on May 24, 2023.

ALEXANDER ASTAFYEV/SPUTNIK/AFP via Getty Images

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