Interview: How much is China helping Russia to fund its war in Ukraine?

China’s growing appetite for discounted Russian oil has made it the leading financier of the Kremlin’s war in Ukraine, providing Moscow with a reliable source of revenue that will mitigate the impact of harsh Western sanctions on its economy. Four months after Moscow’s invasion of Ukraine, China has overtaken Germany as the single largest consumer … Read more

Russia’s ruble is at its strongest in 7 years despite massive sanctions. Here’s why

A Russian one ruble coin and a Russian flag are seen on a screen in this multiple exposure illustrative photo taken on March 8, 2022 in Kraków, Poland. Jakub Porzycki | Nurphoto | Getty Images The Russian ruble hit 52.3 against the dollar on Wednesday, up around 1.3% from the previous day and the strongest … Read more

Russia’s ruble is at its strongest in 7 years despite massive sanctions. Here’s why

A Russian one ruble coin and a Russian flag are seen on a screen in this multiple exposure illustrative photo taken on March 8, 2022 in Kraków, Poland. Jakub Porzycki | Nurphoto | Getty Images The Russian ruble hit 52.3 against the dollar on Wednesday, up around 1.3% from the previous day and the strongest … Read more

Russia declares gas war on EU

Press play to listen to this article Russian President Vladimir Putin is playing hard on the European Union – cutting off gas supplies to some of Russia’s best customers in a howl of rage over sanctions imposed after invading Ukraine. It’s putting huge political pressure on governments, threatening to freeze Europeans if this winter is … Read more

Russia declares gas war on EU

Press play to listen to this article Russian President Vladimir Putin is playing hard on the European Union – cutting off gas supplies to some of Russia’s best customers in a howl of rage over sanctions imposed after invading Ukraine. It puts huge political pressure on governments, threatens to freeze Europeans if this winter is … Read more

Chipmakers brace for more trouble as Russia restricts noble gas exports | CNN business

London CNN business — The semiconductor industry just can’t take a break. After dealing with pandemic-related supply bottlenecks, chipmakers are facing a new headache: Russia, one of the world’s largest suppliers of gases used in semiconductor manufacturing, has begun restricting exports. According to a report by Russia’s state news agency TASS, Moscow began restricting the … Read more