Business
EU country urging Brussels to lift ban on Russian steel
Czech Republic has asked Brussels to exempt Russian steel exports from sanctions as a lack of supplies could trigger crisis in the country
Legendary investor dies aged 99
Warren Buffett’s righthand man, Charles Munger, passed away on Tuesday in a hospital in California
NATO state has earned $31 billion from Ukraine conflict – media
Norway’s gas export revenues have soared as a result of a Russian supply shortage to the EU, NRK reports
Foreign currency deposits plunge in Russia
The share of non-ruble deposits of Russian savers has dropped to the lowest level in a decade, according to central bank data
Key Russian bank limits remote work from abroad – RBK
Tinkoff has reportedly banned its staff from working remotely from abroad, except for Belarus, Armenia and Kazakhstan
Russia considering grain export ban – Izvestia
Russia may reportedly restrict the supply of its grain in the global market if national stocks fall to 10 million tons
Russian assets could be confiscated under new EU sanctions – media
Expropriation of Russian assets could be legitimized by of the 12th package of EU sanctions against Moscow
Binance founder ordered to stay in US ahead of sentencing
A US federal judge has ruled that Changpeng Zhao, the founder and former CEO of Binance, cannot leave the country for now
German economy to slow without green transition – vice chancellor
Germany’s budget woes threaten the nation’s economic stability, according to Vice Chancellor Robert Habeck
Polish farmers join Ukraine blockade
Polish farmers and lorry drivers are staging an around-the-clock blockade of the fourth border crossing with Ukraine
EU reveals impact of its sanctions on Russia trade
Russia’s share of EU imports from non-EU states has fallen to 2% since imposition of Ukraine-related sanctions last year, Eurostat reports
Gold price hits six-month high
The price of gold has hit its highest since May, hovering above $2,000 per ounce on a weaker US dollar
Sanctioned Russian lenders enjoyed ‘highly successful’ year – top banker
Russian banks have withstood Western sanctions and have had a very profitable 2023, the head of VTB says
US weaponizing the dollar – Lavrov
US efforts to isolate Russia have backfired, prompting countries to reduce their reliance on Western currencies, Sergey Lavrov has said
Russian tycoon expects EU to cave in on gas purchases from Moscow
Businessman Oleg Deripaska expects EU nations to start seeking a compromise on gas supplies from Russia's Gazprom within 18 months
Major Russian stock exchange denies bankruptcy reports
Russia’s SPB Exchange has refuted reports of insolvency resulting from US sanctions