Vagit Alekperov, who until recently headed Russia’s largest private oil company Lukoil, has said the potential tightening of existing sanctions would have a disastrous impact on Europe as well as Moscow. A European ban on the country’s “impossible to replace” crude would be “the most negative scenario” for all parties, …
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The mayor of the Russian-held city of Energodar, in southeast Ukraine, and two of his security guards, were injured in an explosion on Sunday, local law enforcement has reported. The blast occurred in the entranceway of an apartment block where the mother of Mayor Andrey Shevchik reportedly resides. An improvised explosive …
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US consulting firm McKinsey & Co. reportedly worked on contracts for the Pentagon and US intelligence agencies while simultaneously providing services to Russian state-owned defense conglomerate Rostec, which makes some of the military hardware now being used in the Ukraine offensive, according to NBC News. McKinsey’s work with Rostec was …
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Russia could earn a record $100 billion from gas sales to European countries in 2022 due to the sharp rise in energy prices, French newspaper Les Echos reported this week, citing Citibank analysts. According to the paper, the projected income from gas sales will be almost twice as much as …
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Russia needs to keep its place in the World Trade Organization despite Ukraine-related Western sanctions, Economy Minister Maxim Reshetnikov said in response to a bill demanding Moscow quit the WTO. “In an attempt to deprive Russia of the benefits of WTO membership, a group of sanctioning countries is attempting to …
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Beijing is in discussions with Moscow to buy additional oil supplies, Bloomberg reported this week, citing people with knowledge of the plan. China is seeking to replenish its storage tanks with discounted Russian crude before prices rise again, they said. According to the sources, who asked not to be named, …
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A top Ukrainian adviser has claimed that the United States is drawing up plans to sink Russian warships and ‘destroy’ its Black Sea Fleet, following reports that Washington is seeking to provide advanced anti-ship missiles to the Ukrainian military. The Pentagon has denied the allegations. Ukrainian Internal Affairs Ministry adviser …
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Germany and Italy have allowed national companies to open ruble accounts in Russia’s Gazprombank to comply with the new natural gas payment scheme and avoid a supply cut-off, Reuters reported on Friday, citing sources. The move comes after Poland, Bulgaria and most recently Finland refused to accept Russia’s new payment …
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International Olympic Committee (IOC) president Thomas Bach has claimed sanctions were imposed on Russian sport partly for the good of its athletes, while cautioning any Russian stars against supporting their country’s military campaign in Ukraine. Speaking at an IOC session in Switzerland on Friday, Bach repeated the refrain that the …
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The ATP has declared it will strip Wimbledon of rankings points at this year’s tournament after the grass court Grand Slam banned Russian and Belarusian players from competing. The ATP announced the move in a statement on Friday, saying: “The ability for players of any nationality to enter tournaments based …
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