Russia’s ruble is at strongest level in 7 years despite sanctions

Russian one ruble coin and Russian flag displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on March 8, 2022. Jakub Porzycki | Nurphoto | Getty Images Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and its strongest … Read more

Putin Sees Russia Oil Flows to China, India ‘Growing Noticeably’

(Bloomberg) – Russian President Vladimir Putin said trade with India and China has strengthened amid Western oil sanctions in response to the invasion of Ukraine. “Russian oil supplies to China and India are growing noticeably,” Putin said in a video address to the BRICS Business Summit on Wednesday. Despite all the difficulties in the global … Read more

Putin Sees Russia Oil Flows to China, India ‘Growing Noticeably’

Vladimir Putin, Russia’s President, during his annual news conference in Moscow, Russia, on Thursday, Dec. 23, 2021. Russia is continuing to build up forces close to Ukraine even as it’s preparing for security talks with the US, keeping up pressure with a deployment that could turn into a rapid invasion or a long-term threat. “/> … Read more

Biden Got the Energy Market He Wanted

Trying to limit the political damage of skyrocketing gasoline prices, the Biden administration on Sunday trotted out Energy Secretary Jennifer Granholm. They’d have been better off if she’d gone to Mass. Appearing on CNN’s “State of the Union,” Ms. Granholm said “we need to have increased production, so that everyday citizens in America will not … Read more

Fed chair breaks with Biden on inflation

Federal Reserve Chairman Jerome Powell on Wednesday broke with President Biden’s repeated attempts to blame Russian President Vladimir Putin’s invasion of Ukraine for the highest inflation in 40 years. Powell, confirmed last month to a second term as chairman, explained to the Senate Banking Committee that “inflation was high before” the Feb. 24 Russian invasion … Read more

China says Ukraine crisis has sounded alarm for humanity

BEIJING – The conflict in Ukraine has “sounded an alarm for humanity,” Chinese leader Xi Jinping said Wednesday, as China continues to assume a position of neutrality while backing its ally Russia. China has refused to criticize Russia’s war in Ukraine or even to refer to it as an invasion in deference to Moscow, while … Read more

How Russia can beat EU sanctions – POLITICO

Press play to listen to this article Europe has deployed an unprecedented arsenal of economic sanctions against Moscow in an attempt to weaken Russia’s economy and force Vladimir Putin to abandon his war in Ukraine. But as the export bans bite over the coming months, Russia will start to crave banned goods that are essential … Read more

Russia and NATO member Lithuania are clashing over Kaliningrad

A sign reading ‘Kaliningrad’ stands atop the city’s south railway station. Harry Engels | Getty Images Sport | Getty Images A new front in tensions between Russia and NATO has opened up after one of the Western military alliance’s members, Lithuania, banned the transit of some goods coming from Russia to its exclave Kaliningrad on … Read more

EU moves towards Russian lobbyist ban – POLITICO

Press play to listen to this article Russian lobbyists are set to be banned from EU institutions following action by the EU Council. Nearly four months and six rounds of EU-level sanctions after Russia began its unprovoked invasion of Ukraine, lobbyists from companies including Gazprom, Lukoil and Rusal are in the process of losing their … Read more