Mari Saito, Anna Koper, Anton Zverev, Filipp Lebedev, Polina Nikolskaya | Reuters A Canadian teenager was recruited to be a Russian spy Laken Pavan, a Canadian teenager, was recruited by Russia’s FSB in Donetsk in May 2024 and sent to Europe to collect military intelligence. unbranded – Newsworthy WARSAW, June 12 – The Canadian teenager was getting
Illustration: Uli Knörzer for Bloomberg Three years into Russia’s invasion, Sergii Marchenko is courting donors and reassuring investors to ensure his country can continue fighting. June 6, 2025 at 4:00 AM EDT What does it take to run the finances of a country at war? That question is at the heart of this week’s conversation
Russia’s economy is under threat from a potential banking crisis, companies withholding dividend payouts and a significant downturn in growth. The Kremlin-linked Centre for Macroeconomic Analysis and Short-Term Forecasting (CMASF) raised concerns about issues in the banking sector, including an increased likelihood of a run on banks. In a report this week, the CMASF highlighted
A new report suggests Russia’s claims of economic strength are “misleading”, with the country in fact spiralling towards a banking crisis. Moscow has doggedly insisted that its economy has only experienced a minor annual shortfall of 2% since the war in Ukraine began, despite an estimated military budget totalling 6.7% of its GDP last year,
The head of the EU executive also said the Commission would look to lower the oil price cap, a limit on the sales price for Russian crude oil which is decided at G7 level. Targeting Russia’s energy and banking sectors would have a “real impact” on the Kremlin, but doing so would be tricky because
The head of the EU executive also said the Commission would look to lower the oil price cap, a limit on the sales price for Russian crude oil which is decided at G7 level. Targeting Russia’s energy and banking sectors would have a “real impact” on the Kremlin, but doing so would be tricky because
Russia’s position on cryptocurrencies has undergone a significant shift in recent years, moving from strict opposition to a more nuanced and strategic approach. Once advocating a total ban on digital assets, the Bank of Russia is now proposing a regulatory framework that would permit wealthy individuals to invest in cryptocurrencies. The shift is notable given
A Russian national who was charged for his role in a crypto market manipulation scheme will give up his access to millions worth of assets after striking a plea deal with US prosecutors. In November, the U.S. Justice Department filed charges against the crypto market maker Gotbit’s CEO and founder Aleksei Andriunin for providing services
The Central Bank of the Russian Federation has reportedly released a proposal that if approved, would allow qualified entities to trade crypto assets. In a statement, the central bank proposes a three-year experiment where wealthy investors and certain firms have the greenlight to buy and sell crypto assets, reports Reuters. The Central Bank of Russia
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