Business
Microsoft restores access to updates in Russia – Izvestia
Microsoft has restored access to updates for customers in Russia, having previously blocked them as part of its sanctions strategy
Moscow court bans racist job adverts
A Russian court has banned prospective employers from qualifying a job in advertisements by adding phrases such as “only for Slavs”
US to hike tariffs on Chinese goods – Bloomberg
The Biden administration is set to double, triple and quadruple tariffs on some Chinese goods, Bloomberg has reported
US paid Russians $174 million for fertilizers in March – RIA
The US boosted fertilizer imports from Russia by 10% to $174 million in March compared to last year, RIA Novosti analysis shows
China’s natural gas imports soar – customs
China’s January-April natural gas imports jumped 21% compared to the same period in 2023, data shows
EU agrees to tap Russian assets to arm Ukraine
EU countries have agreed on the expropriation of billions in profits from frozen sovereign Russian funds to continue arming Kiev
Russia to undergo economic transition – deputy PM
Transforming Russia’s economy to be more supply-driven will boost GDP and promote growth, Andrey Belousov has said
Economic fragmentation to hurt global growth – IMF
World’s economic growth is reportedly at risk due to growing divisions between the two largest economies
EU discloses profits from frozen Russian assets
Seizing profits generated by frozen Russian assets would open Pandora’s box and erode investor trust, Euroclear’s CEO has warned
TikTok sues US government
The company aims to block a US law that could force a nationwide ban of the popular app
EU suggests new option to tap Russian money – Politico
The EU will exempt neutral member states from using the proceeds from frozen Russian assets to buy weapons for Kiev, Politico reports
China’s Xi visits EU to avert trade war
The Chinese leader has met with EU officials to discuss strained economic ties
China causing de-industrialization in EU – Von der Leyen
European Commission President Ursula von der Leyen is set to discuss trade imbalances with Chinese President Xi Jinping
Ukraine’s lenders want their money back – WSJ
Foreign bondholders want Kiev to resume making interest payments as soon as next year, the Wall Street Journal has reported
G20 members lobby EU against seizure of Russian assets – FT
Saudi Arabia and Indonesia have been urging the EU to halt Russian-asset confiscation plans, the FT has reported
Russian gas giant posts first loss in quarter century
Russian gas giant posts first loss since 1999 after drop in revenues amid lower exports as a result of Western sanctions