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☆ As Israel goes to war, Russia must now decide where its loyalty lies in the Middle East
▼ + stars: | 2023-10-10 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Russian President Vladimir Putin meets with Israeli Prime Minister Benjamin Netanyahu at the Kremlin in Moscow on January 30, 2020. Maxim Shemetov | Afp | Getty ImagesThe outbreak of bloodshed, violence and outright war between Israel and Hamas has put Russia in an awkward position, with Moscow traditionally treading a fine diplomatic line between Israel and its allies in the Middle East. Russia has enjoyed warm and constructive relations with Israel in recent years. Russian President Vladimir Putin and Iran's President Ebrahim Raisi hold a meeting in Tehran on July 19, 2022. Russian President Vladimir Putin and Israeli Prime Minister Benjamin Netanyahu during their meeting at the Kremlin on April 21, 2016.

Persons: Vladimir Putin, Benjamin Netanyahu, Maxim Shemetov, Tatiana Stanovaya, Ebrahim Raisi, Sergei Savostyanov, Stanovaya, Saudi Arabia —, Vladimir Putin's, Bashar Assad's, Bashar Assad, Sergei Shoigu, Alexei Nikolsky, Netanyahu, Putin, Mohammed Shia, Al Sudani, Mikhail Svetlov, tellingly, Russia's, Ian Bremmer, Antony Blinken, Petroleum Javad, Erdogan Organizations: Israeli, Kremlin, Afp, Getty, Hamas, Carnegie Russia Eurasia Center, AFP, Saudi, Russian Defense, Sputnik, AP Putin, Iraqi, . Security Council, Israel, Eurasia Group, ., Ukraine, Ministry of Defence, Institute for, Petroleum, Turkish Locations: Moscow, Israel, Russia, Ukraine, Iran, Russian, Tehran, Syria, Eastern, Saudi Arabia, Lebanon, Egypt, Iraq, Umayyad, Damascus, U.S, Palestinian, China

☆ Russia sticks to demands on Black Sea grain deal, rejects UN bank proposal
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +3 min

FILE PHOTO-Kremlin spokesman Dmitry Peskov speaks during the annual end-of-year news conference of Russian President Vladimir Putin in Moscow, Russia December 19, 2019. Sputnik/Alexei Nikolsky/Kremlin via REUTERS/File Photo Acquire Licensing RightsSept 9 (Reuters) - Russia said on Saturday it was sticking to its conditions for a return to the Black Sea grain deal which it quit in July. In particular, Kremlin spokesman Dmitry Peskov said Russia needed its state agricultural bank - and not a subsidiary of the bank, as proposed by the United Nations - to be reconnected to the international SWIFT bank payments system. The Black Sea deal was brokered by Turkey and the United Nations in July 2022 to enable Ukraine to export grain by sea despite the war and help ease a global food crisis. Since quitting the grain deal, Russia has repeatedly bombed Ukrainian ports and grain stores, prompting Kyiv and the West to accuse it of using food as a weapon.

Persons: Dmitry Peskov, Vladimir Putin, Alexei Nikolsky, Peskov, Tayyip Erdogan, SWIFT, Mark Trevelyan, Ros Russell Organizations: Sputnik, REUTERS, Kremlin, United Nations, SWIFT, Reuters, Thomson Locations: Moscow, Russia, Kremlin, Turkey, Ukraine, Africa, Europe, SWIFT, Luxembourg

☆ Russia's inflation spike sets Kremlin and central bank on collision course
▼ + stars: | 2023-08-17 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

Russia's President Vladimir Putin (L) and Russian Central Bank Governor Elvira Nabiullina Alexei Nikolsky\TASS via Getty ImagesRussia's rising inflation and plunging currency have spotlighted an emerging discord between the Kremlin and the country's central bank. Analysts suggested the government's direct strong-arming of the central bank into monetary policy action was a sign of the problems faced by the country's economy. In other words, the Russian currency has entered a vicious circle that it will struggle to escape from." This is because the negative factors behind the weakening currency are largely outside the control of the Central Bank of Russia." She added that blaming the central bank has therefore become an "easy tactic" for the Kremlin in the absence of any tangible options through which to improve the situation.

Persons: Vladimir Putin, Russian Central Bank Governor Elvira Nabiullina Alexei Nikolsky, Vladimir Putin's, Maxim Oreshkin, Anatoly Aksakov, Agathe Demarais, Demarais, Stephanie Kennedy, Julius Baer, Kennedy Organizations: Russian Central Bank Governor, Getty, Kremlin, Central Bank of Russia, Bank, Bank of Russia, Financial, Bank of, Economist Intelligence Unit, CNBC, CBR, U.S . Locations: Russia, Bank of Russia, Ukraine

☆ Russia and Iran's 'unprecedented' military ties worried the US, but it's starting to look like Russia can't hold up its end of the deal
▼ + stars: | 2023-07-23 | by ( Paul Iddon | ) www.businessinsider.com time to read: +8 min

Iran has supported Russia by providing it with arms to use in Ukraine. Kirby said "support is flowing both ways," with Moscow providing Tehran "an unprecedented level of military and technical support." As part of this burgeoning partnership, Iran expected to receive an unspecified number of Russian Su-35 jets, along with helicopters and even advanced S-400 air-defense systems. REUTERS/FARS NEWS/Ali ShayeganWhile Iran has never armed Russia to the extent it has in recent months, Moscow has sold Tehran considerable military hardware in the past. Paul Iddon is a freelance journalist and columnist who writes about Middle East developments, military affairs, politics, and history.

Persons: John Kirby, Kirby, Russian Su, Saeed Azimi, Hassan Rouhani, Azimi, Putin, Alexei Nikolsky, Abu, Russia's, Richard Moore, Ali Shayegan, haven't, Tehran weren't, Iranian Su, ATTA KENARE, Moore, William Burns, Burns, Paul Iddon Organizations: Service, National Security, Iranian MiG, Army Day, REUTERS, Sputnik, Gulf Cooperation Council, United Arab, GCC, Intelligence Service, Tehran, Soviet Union, Getty, UN, CIA Locations: Iran, Russia, Ukraine, Russian, Moscow, Tehran, Wall, Silicon, Iranian, Egypt, Aktau, Kazakhstan, Kremlin, United Arab Emirates, Abu Musa, Greater Tunb, Persian, Hormuz, British, UAE, FARS, Iraq, Soviet, Islamic Republic, AFP

☆ 'Chaos' is fueling fights among Putin's top commanders. These are the players battling for power.
▼ + stars: | 2023-07-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +14 min

More than three weeks after the historic challenge to Russian President Vladimir Putin's authority, there's still internal power plays and high-level purges in motion. "We are seeing a lot of military formations and military figures that are pushing for their own objectives." For example, in Kadyrov's case, he may be pushing for control to shield his fighters from the battlefield in Ukraine and send conventional Russian forces instead. Consequences for disobedienceInsubordination against Moscow's military leadership, such as Teplinsky's criticisms or the Wagner's rebellion, has undermined Russian military leaders but has also come with consequences for members of the anti-Gerasimov camp. The instability increasingly endemic to the Russian military comes as the Ukrainians try to break through their defensive lines.

Persons: Wagner Group's, Vladimir Putin's, Wagner, Putin, doesn't, Yevgeny Prigozhin, Prigozhin, Alexander Lukashenko, Alexander Ermochenko, he's, Stepanenko, Valery Gerasimov, Sergei Shoigu, Ramzan Kadyrov, Kadyrov, there's, Gerasimov, Vladimir Putin, Staff Valery Gerasimov, Alexei Nikolsky, Gen, Mikhail Teplinsky, Russia's, Teplinsky, Sergei Surovikin, There's, Friedemann Kohler, hasn't, Russia's Aerospace Forces Sergei Surovikin, Russian Armed Forces Valery Gerasimov, Staff Sergei Rudskoi, Mikhail Metzel, Ivan Popov, Vladimir Seliverstov, Popov, vilely, Viktor Zolotov, it's, ISW, Vyacheslav Gladkov Organizations: Service, Institute for, Wagner Group, Kremlin, Southern Military, REUTERS, Russian Ministry of Defense, Russian Armed Forces, Russian Defense, Russian, Staff, AP, Russia's VDV Airborne Forces, Getty, Russia's Aerospace Forces, Armed Forces, Sputnik, Arms Army, 106th Guards Airborne, Russian MoD, National Guard, Russian National Guard Service, PMC Wagner Group Locations: Russian, Russia, Wall, Silicon, Ukraine, Moscow, Prigozhin, Belarus, Rostov, Don, Russia's Belgorod, Sputnik, Washington, Chechnya, Sochi, REUTERS Maj, Belgorod

☆ Ukraine's 'Iron General' is facing off against his 4th Russian war commander. Here's why the others lost their jobs.
▼ + stars: | 2023-05-28 | by ( Jake Epstein | ) www.businessinsider.com time to read: +9 min

The Russian general, however, does not appear to be living up to those expectations. Alexander DvornikovWhen Russia first launched its full-scale invasion of Ukraine in late-February 2022, it relied on district commanders rather than overall commander of the war effort. Sergey SurovikinIn early October, Putin appointed Army Gen. Sergey Surovikin, nicknamed "General Armageddon," to be the overall theater commander. "Putin likely viewed Surovikin as the last untarnished high-ranking commander in Ukraine he could appoint to overall theater command," the think tank said. As 2023 rolled around, and Russian forces continued to suffer heavy losses in eastern Ukraine, Putin seemingly gave in to Gerasimov's campaigning.

☆ Russia is offering North Korea food for a bunch of weapons it needs to wage war in Ukraine, White House says
▼ + stars: | 2023-03-30 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Russia is once again seeking weapons from pariah states like North Korea to fuel its war in Ukraine. North Korea has battled food shortages in recent years while Moscow faces weapons shortages. The US has previously accused North Korea — and other isolated countries like Iran — of backing Russia's campaign by providing it with military assistance. "We also understand that Russia is seeking to send a delegation to North Korea and that Russia is offering North Korea food in exchange for munitions," Kirby said, according to multiple reports. Earlier this year, the White House revealed intelligence that it said showed North Korea providing rockets and missiles to the Kremlin-linked Wagner Group, a notorious paramilitary organization.

☆ Russia's top general has inherited a poisoned chalice in Ukraine, after his predecessor lasted just 3 months. This could lead to an escalation in the war.
▼ + stars: | 2023-01-12 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +6 min

Russia appointed a new general in charge of Ukraine war, replacing predecessor after just 3 months. The ministry described Gerasimov not as a simple replacement, but as occupying a new role with even greater oversight over Russia's war in Ukraine. Russian President Vladimir Putin greets Chief of the Russian General Staff Valery Gerasimov in Moscow, Russia, on December 21, 2020. McGlynn said Gerasimov's appointment "is definitely a commitment to keep fighting. McGlynn said Gerasimov's appointment "leaves him in an impossible situation and one that is only likely to get worse."

☆ An oil historian explains China's impact on a key Russian oil product — which is now trading far below the EU's price cap
▼ + stars: | 2023-01-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

In December, a $60-per-barrel price cap was established to limit how much cash Moscow could pull in from oil exports. But the country's key oil product is trading far below that level, which in one sense makes the cap moot. Russian President Vladimir Putin, center, speaks to workers while visiting the Rosneft oil refinery in the Black Sea port of Tuapse, southern Russia. But to Gregory Brew, a Kissinger Visiting Scholar at Yale, rather than being a direct consequence of any sanction measure, the steep discount reflects the easing global market. It isn't about what Russia can produce or how badly it's revenue is impacted by sanctions, but instead the focus should be on what kind of market Russia will be operating in.

☆ Putin appeared completely alone at an Orthodox Christmas Eve service in Kremlin cathedral
▼ + stars: | 2023-01-07 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +2 min

Russia's President Putin appeared alone in a church service to celebrate the Orthodox Christmas. He was the only worshipper spotted in images from the Annunciation Cathedral in the Kremlin. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyRussia's President Putin appeared alone at a church service to celebrate the Orthodox Christmas. Orthodox Christians, which is Russia's main religion, celebrate Christmas Eve on January 6. Russian President Vladimir Putin and Russian Defence Minister Sergei Shoigu hold a meeting at the Kremlin, in Moscow on February 14, 2022.

☆ Putin's 'desperation' in Ukraine is making Russia more dependent on other pariah states, top Pentagon official says
▼ + stars: | 2022-11-14 | by ( Christopher Woody | ) www.businessinsider.com time to read: +6 min

The Kremlin maintains close ties with China, continues to sell oil to major countries, including India, and is acquiring military hardware from Iran and North Korea. Those weapons would not necessarily be "a game changer," as Russia has already used its own missiles in Ukraine, Kahl said. Their relations have warmed amid the Ukraine war, with a record number of meetings between senior officials this year. Russia and North Korea also have longstanding ties, though Moscow has in the past kept its distance. North Korea has denied the allegations, calling it a "rumor" and saying it had no "arms dealings" with Moscow.

☆ Gazprom CEO says gas price cap would lead to supply halt
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +1 min

Gazprom Chief Executive Alexei Miller attends a meeting with Russian President Vladimir Putin at the Kremlin in Moscow, Russia March 12, 2019. The conflict in Ukraine has prompted European Union customers to reduce their purchases of Russian energy while the G7 and the EU are trying to impose a price cap on Russian oil and gas. "Such a one-sided decision is of course a violation of existing contracts, which would lead to a termination of supplies," Miller said in comments broadcast on state television. President Vladimir Putin last month threatened to cut off energy supplies if price caps were imposed, warning the West it would be "frozen" like a wolf's tail in a famous Russian fairy tale. Register now for FREE unlimited access to Reuters.com RegisterReporting by Reuters, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Ex-ambassador says the US and its allies need to bring Hungary's authoritarian leader 'to his senses' as he and Turkey's Erdogan hold NATO's expansion hostage
▼ + stars: | 2022-10-13 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

Hungary and Turkey are the only two states that haven't approved adding Finland and Sweden to NATO. One ex-diplomat told Insider the US and its allies need to bring Orbán "to his senses." Hungary and Turkey, however, have yet to sign off on adding new members to the alliance and are instead purposefully holding up proceedings. Both leaders have tried to leverage their own strategic interests in exchange for approving what would be a major expansion of the NATO alliance, interests like security guarantees or pleasing other heads of state. The two Nordic countries would provide the NATO alliance with a significant boost to its overall military capabilities across all domains — air, land, sea, and with intelligence.

☆ The war in Ukraine may keep Russia's new Su-75 stealth fighter jet out of the air
▼ + stars: | 2022-10-09 | by ( Maya Carlin | ) www.businessinsider.com time to read: +6 min

The Su-75 "Checkmate" is Russia's attempt at building a fifth-generation fighter for export. Originally revealed at the MAKS Airshow last year, the Su-75 was hailed as a solid move by Russia's United Aerospace Corporation, building off the Su-57 platform — Russia's first fifth-generation fighter. Stats and specsA Su-75 Checkmate prototype at MAKS-2021 in July 2021. They note that "The Checkmate fighter is outfitted with versatile armaments capable of fighting any threat: from unsheltered command posts to especially sensitive targets for a potential enemy." Additionally, if the production estimates of the Su-75 continue to be delayed, foreign clients may look elsewhere to fulfill their fighter needs.

☆ German police storm estate of Russian oligarch Usmanov - media reports
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterRussian President Vladimir Putin (L) shakes hands with Russian businessman and founder of USM Holdings Alisher Usmanov during an awarding ceremony at the Kremlin in Moscow, Russia November 27, 2018. Sputnik/Alexei Nikolsky/Kremlin via REUTERS/File PhotoBERLIN, Sept 21 (Reuters) - German police conducted raids targeting a Russian citizen over suspected sanctions violations on Wednesday morning, with German media reporting that the operation centred on oligarch Alisher Usmanov. The Munich state prosecutor said comprehensive raids had taken place at the residence of a Russian citizen and four other suspects. Register now for FREE unlimited access to Reuters.com RegisterGerman broadcasters BR and MDR reported that one of the locations targeted was Usmanov's villa on Tegernsee lake in the southern state. Register now for FREE unlimited access to Reuters.com RegisterWriting by Rachel More; Editing by Paul Carrel and Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.

☆ Russia's early resilience to sanctions is fading - its economy is on the back foot and Moscow could soon lose its place among the world's energy superpowers.
▼ + stars: | 2022-09-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Today, though, I'm homing in on another front in the global markets story — specifically, Russia. Official customs data showed China spent a record-breaking $8.3 billion importing Russian oil products, gas, and coal in August. "What happens is that [isolationism] reduces the number of products that [Russia] can buy," Jay Zagorsky, a markets professor at Boston University, told Insider. They told Insider the exact books that got them started on the path to building wealth — see their list of four reads here. That's according to Bank of America analysts, who wrote Monday that global markets will remain strained heading into next year thanks to a variety of factors.

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