Latest Russia Headlines
All the headlines from our Russia Topic Page, ordered by recency.
U.S., Partners Dismantle Russian Hacking ‘Botnet,’ Justice Dept Says
Jun 17 2022 // Law enforcement in the United States, Germany, the Netherlands and Britain dismantled a global network of internet-connected devices that had been hacked by Russian cyber criminals and used for malicious purposes, the U.S....
Ukraine’s Farming Industry Suffers $4.3 Billion in Damage From Russia’s Invasion
Jun 16 2022 // Ukraine has suffered $4.3 billion in damage to farmland, machinery and livestock as a result of Russia’s invasion, according to the Kyiv School of Economics. About half of the “already immense”...
EU Aviation Watchdog Raises Alarm About Western-Made Aircraft Flying in Russia
Jun 16 2022 // The European Union’s top aviation safety regulator said on Tuesday that he is “very worried” about the safety of Western-made aircraft continuing to fly in Russia without access to spare parts and proper...
Deutsche Bank Investors Can Sue in U.S. Over Epstein, Russian Oligarch Ties
Jun 14 2022 // A U.S. judge on Monday said shareholders can sue Deutsche Bank for allegedly hiding shortfalls in its internal controls while doing business with risky, ultra-rich clients like the sex offender Jeffrey Epstein and Russian...
Russia’s Sakhalin 1 Oil Operations Disrupted by Western Sanctions on Insurance: ONGC
Jun 14 2022 // Operations at Russia’s Sakhalin 1 oil project will continue to face disruptions for “a couple of months” as Western sanctions have hit insurance cover for ships to transport crude, according to...
Reuters: Russia’s State-Owned RNRC to Reinsure Russian Oil Shipments: Sources
Jun 10 2022 // State-controlled Russian National Reinsurance Company (RNRC) is now the main reinsurer of Russian ships, including Sovcomflot’s fleet, after Western insurance firms withdrew cover for Russian shipowners, three people...
Insurance Ban on Russian Tankers Could Help Cut Moscow’s Energy Revenues: Yellen
Jun 10 2022 // U.S. Treasury Secretary Janet Yellen said a plan to ban European and UK firms from insuring tanker shipments of Russian oil could help limit Moscow’s energy revenues as allied countries seek to curb revenues flowing...
Removing Russian Sea Mines Near Key Ukraine Ports Could Take Months: U.N.
Jun 9 2022 // Removing sea mines near Ukraine’s key ports could take months, and hundreds of seafarers are still stranded in the region following Russia’s invasion of the country, according to the United Nations agency...
Russia’s Rusal Files Suit Against Miner Rio Tinto Over Access to Alumina Refinery
Jun 6 2022 // SYDNEY – Russian aluminum producer Rusal has filed a lawsuit against global miner Rio Tinto, seeking to win back access to its 20% share of the alumina produced at a jointly owned refiner in Queensland. The lawsuit...
Allianz to Retain 49.9% Stake in Russian Operations After Sale to Interholding
Jun 3 2022 // The insurer Allianz said on Friday it would sell a majority stake in its Russian operations to the owner of a Russian insurer as it sought to pare its footprint in the country after the invasion of Ukraine. Allianz, which...
EU Gives Final Nod to Sanctions Targeting Russia’s Oil, Insurance, Sberbank
Jun 3 2022 // BRUSSELS – The European Union on Thursday gave its final approval to new sanctions on Russian oil and top bank Sberbank, after much wrangling with Hungary, as punishment for Russian President Vladimir Putin’s Feb....
European Union Seeks to Coordinate Russian Oil Insurance Ban With G-7 Members
Jun 2 2022 // The European Union is working to coordinate a ban on providing the insurance services needed to ship Russian oil anywhere in the world with some Group of Seven members, according to people familiar with the matter, in a...
EU Poised to Approve Sanctions Against Russia, Covering Oil, Banks and Insurance
Jun 1 2022 // European Union ambassadors are set to approve a sixth package of sanctions over Moscow’s invasion of Ukraine, banning most Russian oil imports by year-end and restricting Russia’s ability to ship crude to...
Lloyd’s Is Working With UK, Global Regulators to Implement Russia Sanctions
Jun 1 2022 // Lloyd’s of London, the world’s oldest insurance market, said on Wednesday that it was working closely with British and international governments and regulators to implement global sanctions against...
EU Leaders Agree to Pursue Ban on Most Russia Oil; Insurance Prohibition Delayed
May 31 2022 // European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of sanctions to punish Russia and its president, Vladimir Putin, for the invasion of Ukraine. The sanctions would...
U.S. Seizes Iranian Oil Cargo From Russian-Operated Ship Near Greece: Sources
May 27 2022 // The United States has confiscated Iranian oil held on a Russian-operated ship near Greece and will send the cargo to the United States aboard another vessel, three sources familiar with the matter said. It was unclear...
Ukraine’s Richest Man Plans to Sue Russia for Destruction of Steel Plants, Lost Business
May 27 2022 // Ukraine’s richest man says he plans to sue Russia over what he said was $17 billon to $20 billion in losses caused by its bombardment of steel plants he owns in the devastated city of Mariupol. The Azovstal...
Russia Plans to Seize Local Units of Western Firms That Try to Exit Country
May 27 2022 // Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave in the wake of Moscow’s invasion of Ukraine, raising the stakes for multinationals trying to...
Risky Ship-to-Ship Transfers Keep Russian Oil Moving to China
May 26 2022 // A logistically risky and costly transfer of crude between tankers at sea highlights the steps at least one Chinese buyer is willing to take to ensure the smooth flow of oil from eastern Russia to Asia. Buyers are using...
Insurance (or Lack of It) Is Russian Oil’s Achilles’ Heel
May 25 2022 // Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by Western...
