Business
Rockefellers behind Biden’s new LNG exports ban – WSJ
The intense campaign by environmental groups against new LNG projects in the US was funded by charities and well-heeled donors
Chinese lenders rejecting Russian payments – bank executive
Some banks in China have started returning funds to Russian clients on fears of being targeted by US sanctions
US public debt forecast to hit 116% of GDP
Publicly held debt will reach an all-time high by the end of 2034, the Congressional Budget Office warns in its latest report
Russian trade with ‘friendly’ states booming – minister
Moscow has continued to develop economic ties with countries which have abstained from joining Western sanctions, Maksim Reshetnikov says
US bought record amount of Russian uranium in 2023 – media
Russia’s exports of nuclear fuel to the US hit an all-time high of $1.2 billion in 2023, according to data
Local currencies dominate Russia-China trade – Putin aide
90% of settlements between Moscow and Beijing are made in the ruble and yuan, according to Russian presidential aide Yury Ushakov
Russia exit cost EU beer giant $5.9 billion
Danish brewer Carlsberg has written down its Russian business, which pushed the company into a loss in 2023
Kremlin warns Germany over ‘expropriation’ of Russian assets
By nationalizing Russian assets, Berlin would be undermining the economic and legal foundations of the EU, says Dmitry Peskov
Berlin to nationalize local subsidiary of Russian energy giant
Germany’s government is seeking to nationalize the subsidiary of Russian state-run oil firm Rosneft
Iconic cell phone brand to disappear
Finnish mobile phone manufacturer HMD Global, the maker of Nokia cell phones, has announced plans to launch new products under its own brand
IKEA extends trademark in Russia to 2033
Swedish furniture retailer IKEA, which left Russia and sold off its factories in 2022, could want to eventually return
Apple laptop sales surge in Russia – Izvestia
Sales of Apple laptops in Russia reportedly saw a year-on-year surge of 20% in 2023
EU court dismisses Russian tycoon’s sanctions appeal
Businessman Alisher Usmanov has been aiming to extricate himself from the bloc’s sanctions list and have his funds unfrozen
EU state announces compensation to farmers as protests flare up
The Spanish government says it will reimburse farmers affected by droughts and the consequences of the sanctions on Russia
Kiev complains about ‘weak’ EU sanctions against Russia
The EU is not doing enough to punish Moscow, the head of the sanctions department at Ukraine’s National Agency on Corruption Prevention says
Russian pipeline gas supplies to EU rise 41% year-on-year – Vedomosti
The bloc has been ramping up energy imports as its underground gas reserves continue to shrink