Business
Russian bank sues JPMorgan
The Russian Agricultural Bank is taking JPMorgan Chase to court, according to an arbitration database
Ukraine spent nearly half of Washington’s aid on US debt bonds – media
Kiev has more than doubled its holdings of US debt securities since the conflict with Russia began, RIA Novosti reports
Pakistan applies for BRICS membership – envoy
Pakistan has applied to join the BRICS alliance next year, according to Ambassador Muhammad Khalid Jamali
Russian economic growth could exceed expectations – minister
Russia’s GDP will grow by 3% in 2023, driven by strong domestic demand, according to the Finance Ministry
Russia-China trade to hit $300 billion – Moscow
Booming trade between Russia and China is expected to rise significantly in the coming years
Binance CEO resigns, pleads guilty – WSJ
Binance CEO Changpeng Zhao has stepped down after reaching a plea deal with US authorities
Ruble rules trade with Central Asian ally – Putin
The ruble accounts for more than 80% of Russia’s settlements in trade with Tajikistan, President Putin has said
Polish farmers to join Ukraine blockade – Bloomberg
Farmers in Poland are planning to join the protest over the EU’s Ukraine transport deal, Bloomberg reports
Most Russian firms have adapted to sanctions – survey
The majority of Russian companies have successfully replaced Western suppliers over the past year, according to a survey
Germany halts spending on new green projects – Bloomberg
A ruling by Germany’s top court to ban the use of pandemic aid on climate projects has dealt a blow to the country’s energy transition plans
World’s super-rich wreaking ‘death and destruction’ on the planet – Oxfam
A new study by Oxfam has shown a stark gap between the carbon footprints of the super-rich and the bulk of people
Russia reports big surge in tax revenues
Russia recorded a rise in tax revenues of nearly 10% between January and October, the Federal Taxation Service reports
Ruble strengthens to five-month high
The Russian ruble has been strengthening against the dollar and euro amid increased sales of foreign earnings by exporters
Russia’s largest investor revealed
Energy giant Gazprom has topped the Forbes list of Russia’s biggest investors for the second year in a row
Chinese EV maker seeks to dethrone Tesla – media
Chinese electric vehicle maker BYD has been challenging US rival Tesla in the EV market’s premium segment
Argentina’s chainsaw-wielding newly elected president pledges economic ‘shock therapy’
Newly elected Argentine President Javier Milei has pledged to take radical measures to fix the economy