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KSE Institute - 3 United Arab - 2 CNBC - 2 European Union - 2 Moscow - 2 Russian - 2 Russia - 1 EU - 1

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5 mentions found


☆ Sanctioned Western tech is still entering Russia and powering its military machine, new analysis shows
  + stars: | 2024-01-11 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +3 min
Russia is still obtaining large volumes of Western technology critical to its war in Ukraine, even as sanctions show some sign of taking hold, new analysis shows. Moscow imported more than $22 billion worth of critical components between January and October 2023, Russian trade data shows. Over the same period, it also imported almost $9 billion worth of "high-priority" battlefield components, which Western authorities have specifically sanctioned. The report's authors said the data suggests that some export controls are working, and that Russia has been unable to find reliable substitutes for many Western components. Zelenskyy did not provide evidence for his assertion, and Russia has separately said that its production of military equipment has stepped up.
Persons: —, Russia —, Bilousova, Volodymyr Zelenskyy, Zelenskyy Organizations: United Arab, KSE Institute, Russia, CNBC Locations: Russia, Ukraine, China, Hong Kong, Turkey, United Arab Emirates, Western, Japan, South Korea, UAE, Moscow
☆ Russia's 'ghost ships' could be targeted at a sea choke point in a bid to enforce the West's oil price cap
  + stars: | 2023-11-18 | by ( George Glover | ) www.businessinsider.com   time to read: +3 min
Russia has been using so-called "ghost ships" to skirt the West's oil price cap. Russia sends millions of barrels of crude oil through a choke point at the Danish straits, per the outlet. AdvertisementRussian oil tankers could face a crackdown at a key choke point, according to the Financial Times. But Denmark could struggle to stop the ghost ships because of constraints on its own navy, according to maritime experts. Blocking commercial traffic in the Danish straits would come close to a declaration of war," Hans Peter Michaelsen, an independent defense analyst, told Reuters.
Persons: —, Hans Peter Michaelsen Organizations: EU, Financial Times, Service, European Union, KSE, Bloomberg, FT, UN, Reuters Locations: Russia, Denmark, Moscow, Saint Petersburg, EU, Danish
☆ Putin lauds ‘excellent’ economic ties with China. Here’s how they’ve grown
  + stars: | 2023-09-12 | by ( Olesya Dmitracova | ) edition.cnn.com   time to read: +3 min
“Relations between Russia and China in the sphere of economic cooperation have reached a very high level,” Vladimir Putin said, speaking at the Eastern Economic Forum in Vladivostok, Russia, according to Russian state-owned news agency TASS. Russian Prime Minister Mikhail Mishustin said in May that he expected trade with China would top $200 billion this year. As many Western banks have reduced their presence in Russia, China’s lenders swooped in to offer banking services. Between February 2022 and March this year, the assets of Chinese banks in the country more than quadrupled to $9.7 billion, according to data collected by KSE Institute at the Kyiv School of Economics. Of China’s four biggest banks, Bank of China and the Industrial and Commercial Bank of China saw the biggest increases in their Russian assets.
Persons: ” Vladimir Putin, Mikhail Mishustin, Putin, ”, Laura He, Josh Pennington, Alex Stambaugh, Mitch McCluskey, Anna Chernova Organizations: London CNN, “, Eastern Economic, Moscow, Russian, Organization of, Petroleum, International Energy Agency, China Association of Automobile Manufacturers, KSE Institute, Kyiv School of Economics, Bank of China, Industrial, Commercial Bank of China, European Central Bank Locations: Moscow, Beijing, Russia, China, Vladivostok, Ukraine, United States, Saudi Arabia, India, wean
☆ How U.S. microchips are fueling Russia's military — despite sanctions
  + stars: | 2023-08-07 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +8 min
Murky supply chainsNot all advanced technologies are subject to Western sanctions on Russia. So, a Russian military, as well as its civilian economy, have become dependent," Sam Bendett, advisor at the Center for Naval Analyses, said. Meanwhile, sanctions on Russia are largely limited to Ukraine's Western allies, meaning that many countries continue to trade with Russia. And this is what the Russian industry as well as the Russian military and its intelligence services are taking advantage of," Bendett said. Sanctions clampdownThe burgeoning trade flows have prompted calls from Western allies to either get more countries on board with sanctions, or slap secondary sanctions on certain entities operating within those countries in a bid to stifle Russia's military strength.
Persons: Elina Ribakova, KSE, Sam Bendett, spokespeople, Bendett, Sellers Organizations: CNBC, Semiconductors, Peterson Institute for International Economics, KSE Institute, Kyiv School, Economics, United Arab, Moscow, Royal United Services Institute, U.S ., Center for Naval, Russian, Economic Security, of, CNBC Exports, Union, Russian Federation, European Union, Peterson Institute for International Locations: Russia, Moscow, China, Turkey, United Arab Emirates, Ukraine, Russia's, U.S, Japan, Germany, Russian, microchips, Hong Kong, of Ukraine, Caucasus, Central Asia, Georgia, Armenia, Kyrgyzstan
☆ Russian oil price caps have crushed Moscow's war revenue to start the year - despite widespread violations
  + stars: | 2023-04-26 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +3 min
The Kyiv School of Economics found that the West's price caps have hit Russia's oil export revenue. In December, the G-7 and EU imposed a price cap of $60 a barrel on Russian crude, and in February they imposed additional price caps on a range of refined Russian fuels. To be sure, moderating global oil prices over recent months also contributed to lower export prices for Russia. In their view, that means price caps should be lowered further to ensure a "continued weakening" of Russian export earnings. The market for Russian crude has been fundamentally transformed since Vladimir Putin ordered the invasion of Ukraine.
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