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Shift away from using ‘toxic currencies’ for trade and reserves accompanies increase in yuan-denominated bank accounts
Goods crossing the border surged last year as sanctions stymied Moscow’s access to western markets
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
Kremlin-controlled lender’s payout comes as profit shrank 80% on western sanctions
The west needs to extend its blocking measures to Moscow’s ‘shadow reserves’
‘Shadow reserves’ from energy earnings undermine restrictions on central bank
Russian currency has lost about 20% of its value in gradual decline since start of December
Push for tougher EU-wide rules after scale of trade in banned products via third countries is revealed
There is more — much more — that can be done with sanctions against Russia
The president’s state of the nation speech shows how domestic repression is closely tied to the Ukraine campaign
Nations welcome the business and investment on the continent but for many diplomatic ties are the priority
Fall in oil and gas sales coupled with sharp rise in defence spending highlight economic damage of Ukraine conflict
The Kremlin has justified withholding statistics during wartime but country’s central bank governor is pushing back
After weaponising gas supplies, the Russian president is now on the back foot as prices fall
Country’s oil and gas revenues surged last year but Putin warns of risk of ‘budget problems’ in 2023
Volumes only fell by 10 per cent despite analysts’ predictions of a collapse in shipments after start of Ukraine war
Russia’s minister of finance admits to worsening public finances
China and Russia have been large accumulators of the precious metal in 2022, analysts say
Decree may permit sales of crude products even if importers comply with sanctions introduced by Ukraine’s allies
Once thought of as reformers, the president’s economic confidants have ended up as enablers of an invasion they warned against
Western sanctions steadily degrade Russian economy
Rather than provoking a dramatic collapse, international sanctions are causing a steady degradation of the country’s productive capacity
EU tries to get agreement over line after months of talks, in effort to curb Kremlin fuel revenues
Western sanctions after invasion of Ukraine contribute to sharpest downturn since pandemic
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