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Shift away from using ‘toxic currencies’ for trade and reserves accompanies increase in yuan-denominated bank accounts
Growing ties underscored as Moscow becomes Islamic republic’s biggest source of overseas direct investment
Kremlin overhaul targets $8bn of additional annual revenue by reducing market ‘discount’ on crude sales
Moscow sees trade with Beijing as way to bypass western sanctions and help win Ukraine war
Court action taken pending lawsuit by sanctioned oligarch Oleg Deripaska’s Gaz Group
Swiss-based Paramount’s Russian trading activity taken up by near-identically named Dubai entity as sanctions tightened
Kremlin-controlled lender’s payout comes as profit shrank 80% on western sanctions
Austrian lender in talks with Kremlin-owned bank in an attempt to reduce exposure to Russia
The west needs to extend its blocking measures to Moscow’s ‘shadow reserves’
Oligarchs’ partner Andrei Kosogov agrees to take over Russia’s largest private lender as they fight western sanctions
Treasury officials reassure world’s largest commodity traders over return to shipping Russian barrels
If you were Putin, where would you put your hard currency energy revenues?
Both sides have had to abandon hopes of a swift victory
As a leading supplier of aluminium and palladium, any export cuts by Moscow could lead to price rises
‘Shadow reserves’ from energy earnings undermine restrictions on central bank
Businesses start to rethink their reliance on the country in light of international tensions
Ukraine’s allies visit Gulf state to raise concerns after jump in exports of critical goods
Employees of Gazprombank’s subsidiary accused of helping Kremlin-connected figure open accounts
Russian currency has lost about 20% of its value in gradual decline since start of December
Fewer unsanctioned banks converting euros to roubles means more money trapped offshore
Bank is one of many western companies struggling to exit after Putin’s intervention
Wild moves were seen after Russia’s invasion but while inflation remains high many have adjusted to the disruption
German company says it had wanted to use €2bn cash in Russian accounts to pay dividends
Company signals ‘no hope’ of a deal because of Kremlin terms on foreign companies’ asset sales
Putin’s war machine is under enormous pressure, but Russia has the resources to sustain its efforts in Ukraine for some time to come
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