Putin’s attempt to take over industry brings the country back to its Soviet-era command economy.
Kremlin slashes spending by £24bn
As sanctions against Russia by the West bite, the Kremlin is set to reduce future spending plans by £24bn
Russia Defaults on Foreign Debt for First Time in 100 years
Russia defaulted on its foreign currency sovereign debt for the first time in 100 years, the culmination of ever-tougher Western sanctions which shut down payment channels to overseas creditors.
Russia is only hours away from its first foreign default in a century
Russia is just hours away, after months of hovering around the edge of default, from a dramatic moment of the financial war that the US and other countries have waged
Russia Faces Fresh Bond Deadline Payment Test This Week
Russia is facing yet another bond payment test, and only days remain before it could default on its first foreign debt in over 100 years.
EU warns Putin that his Rubles-for Gas Demand would break Sanctions
The European Union warned its member countries that President Vladimir Putin’s demand for “unfriendly” countries to pay in rubles for Russian gas would be a violation of the sanctions imposed
S&P reduces Russia’s foreign currency rating to selective default.
S&P reduced Russia’s foreign currency rating to “selective default” Saturday due to the increased risk that Moscow may not be able or willing to honor its obligations to foreign debtholders.
OMV talks with Gazprom about rouble demand. Austria says it will pay in euro
OMV, the Austrian energy company OMV and Gazprom, Russia’s Gazprom had their initial contact regarding paying for natural gas in rubles.
G7 rejects Putin’s demand for rouble payment for Russian gas
After talks with Energy ministers on Monday, Robert Habeck from Germany said that energy ministers of the Group of Seven industrialized countries reject President Vladimir Putin’s demand that “unfriendly” countries
Russia fines Google 3 million roubles for failing to delete banned content
On Monday, a Moscow court fined Alphabet Inc.’s Google (GOOGL.O) 3 million rubles ($400,386) for not deleting content it deemed illegal. This was part of a larger dispute between Russia