Latest Russia Headlines

All the headlines from our Russia Topic Page, ordered by recency.

G7 Expected to Advance Russia Oil Price Cap Plans With Insurance Playing Key Role

Sep 2 2022 // Group of Seven finance ministers are expected to firm up plans on Friday to impose a price cap on Russian oil aimed at slashing revenues for Moscow’s war in Ukraine but keeping crude flowing to avoid price spikes, G7...

Exxon Begins Legal Action After Putin Blocks Its Final Russian Exit

Aug 31 2022 // Exxon Mobil Corp. took the first step toward filing a lawsuit against Russia after Vladimir Putin blocked the oil major from exiting its only remaining operation in the country.Exxon has been trying to exit the Sakhalin-1...

Zelenskiy Says Crisis Averted as Russian-Held Ukraine Nuclear Plant Regains Power

Aug 29 2022 // President Volodymyr Zelenskiy said the world narrowly avoided a radiation disaster on Thursday as the last regular line supplying electricity to Ukraine’s Russian-held Zaporizhzhia nuclear power plant was restored...

Russian Coal Exports Effectively Halted by EU Ban, With Re/Insurance as Key Factor

Aug 25 2022 // Russian coal exports were effectively halted by a European Union ban on entities within the 27-nation bloc servicing shipments of the fuel to anywhere in the world.Suek JSC, Russia’s largest thermal coal miner, was...

Scope of EU Ban on Russian Coal and Fertilizers Jolts Insurers

Aug 15 2022 // The European Union jolted insurers and shippers by clarifying that a ban on EU entities servicing exports of Russian coal and some fertilizers applies to shipments anywhere in the world.An EU ban on imports of Russian coal...

Russia Finds New Route to Get Oil to Market Via Tiny Egyptian Port

Aug 5 2022 // Russia appears to have found a new means of getting its oil to market with western sanctions looming for Moscow.A cargo of about 700,000 barrels of Russian oil was delivered to Egypt’s El Hamra oil terminal on its...

Russian E-commerce Firm Ozon Assesses Damages After Massive Warehouse Fire

Aug 5 2022 // MOSCOW – Russian e-commerce company Ozon said on Thursday it was still assessing the economic damage from a huge fire at its warehouse near Moscow, but that there were no significant risks to its liquidity and...

Ukraine Makes 1st Grain Shipment Since Russia’s Invasion in Key Milestone

Aug 1 2022 // Ukraine made its first shipment of grain since Russia’s invasion, marking a small but crucial first step toward unlocking the millions of tons of crops piling up in the country and boosting global food supplies.The...

G7 Countries Aim to Have Price Cap on Russia Oil Before Dec. 5, When Sanctions Kick In

Jul 28 2022 // The Group of Seven richest economies aim to have a price-capping mechanism on Russian oil exports in place by Dec. 5, when European Union sanctions banning seaborne imports of Russian crude come into force, a senior G7...

Return of Coal as Alternative to Russian Gas Threatens European Firms’ ESG Ratings

Jul 26 2022 // European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them scrambling to impress investors still vocal on sustainability.Despite an...

Update: Russia Confirms Missile Strike on Port of Odesa but Says Grain Deal Stands

Jul 25 2022 // Ukraine said on Monday it hoped a U.N.-brokered deal aimed at easing global food shortages by resuming grain exports from the Black Sea region would start to be implemented this week.Moscow brushed aside concerns that the...

Ukraine, Russia Sign Deal to Reopen Grain Export Ports While War Continues to Rage

Jul 22 2022 // Russia and Ukraine signed a landmark deal on Friday to reopen Ukrainian Black Sea ports for grain exports, raising hopes that an international food crisis aggravated by the Russian invasion can be eased.The accord crowned...

Russia Pauses Seizure of Assets of Western Firms Exiting the Country

Jul 13 2022 // Note: This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.Moscow’s plan to implement a new law enabling authorities to seize the assets of Western firms...

Cybersecurity Firm Group-IB to Split Russian, International Businesses

Jul 7 2022 // Cybersecurity outfit Group-IB will split its Russian and international business into two separate companies in a bid to maintain a presence in both the Russian and overseas markets, the company said on Wednesday. (Reuters...

Luxury British Jeweler Pays $7.5 Million in Crypto Ransom to Russian Hackers

Jul 6 2022 // Luxury British jeweler Graff Diamonds Corp. paid $7.5 million ransom in Bitcoin to a Russian hacking gang after it leaked data on the jeweler’s high-profile clients, according to a London lawsuit.Graff, that counts...

Italian Court Turns Down Request to Lift Freeze on Russian Businessman’s Yacht

Jul 5 2022 // ROME – An Italian court has thrown out requests to unfreeze billionaire Alexey Mordashov’s yacht which was seized by the police as part of a drive by Western states to target wealthy Russians after the invasion of...

Shipowners That Still Transport Russian Crude Are Reaping Big Rewards

Jul 5 2022 // A handful of shipowners still willing to transport Russian crude are reaping big rewards on at least one route as others shun the trade.Shippers can earn around $1.6 million hauling Russian ESPO oil on a small tanker from...

State-Controlled RNRC Says It Now Covers Nearly All Russian Reinsurance

Jul 1 2022 // State-controlled Russian National Reinsurance Co. (RNRC) is covering nearly all reinsurance of domestic business, its president said on Friday, as foreign insurance firms withdrew their coverage following Western...

Seven Taiwanese Insurers Have Not Received Russian Eurobond Payments: Regulator

Jun 28 2022 // Taiwan’s financial regulator said on Tuesday that seven Taiwanese insurance companies have not received interest due on May 27 on Russian Eurobonds after a grace period ended on Sunday evening.Russia defaulted on its...

G-7 Eyes Cap on Price of Russian Oil via Insurance, Shipping Restrictions

Jun 27 2022 // Group of Seven nations are discussing a cap on the price of Russian oil that would work by imposing restrictions on insurance and shipping, according to people familiar with the matter.The potential mechanism would only...