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AdvertisementRussia's central bank has been hiking its key interest rate to combat inflation. Business leaders have slammed Russia's increasing interest rate, saying it restricted their growth. Russia's top central banker, Elvira Nabiullina, told the government yesterday that the country is approaching a "turning point" for inflation and interest rates, Moscow-based RBC Group reported. Last month, to tame prices, Russia's central bank hiked its key interest rate to a record high of 21%. He also downgraded Russia's fixed capital investment growth from 1.9% to 1%, blaming the central bank's key rate.
Persons: Elvira Nabiullina, Nabiullina, Andrei Klepach, Alexander Shokhin Organizations: Business, RBC Group, State Duma, Industrialists Locations: Moscow, Ukraine, Russia, Russian Union
Ukraine launched its largest drone attack on the Russian capital city of Moscow since the war began in 2022, injuring one person and forcing three major airports to divert flights, as Russia fired an unprecedented 145 drones against Ukraine. Russia’s ministry of defense said it “intercepted and destroyed” 34 drones over Moscow following the latest strikes on the capital. Rescuers at the site of a drone attack in the village of Stanovoye, Moscow region, on Sunday. OLEKSANDR GIMANOV / AFP - Getty ImagesAcross the border, Ukrainian President Vlodymyr Zelenskyy said Sunday that Russia launched "a record 145 Shaheds and other strike drones against Ukraine" on Saturday night. Ukrainian officials said at least two people were injured and buildings were damaged as Russia launched an overnight attack on the southern region of Odesa.
Persons: Andrei Vorobyov, Russia’s, , TATYANA MAKEYEVA, Moscow’s, Sir Tony Radakin, Radakin, OLEKSANDR GIMANOV, Vlodymyr Zelenskyy, Zelenskyy, ” Alexander Bogomaz, Zelenksyy Organizations: Rescuers, Getty, United, BBC, State Emergency Service of, Sunday, Pentagon, Korean, Ukrainian Locations: Ukraine, Moscow, Russia, Stanovoye, AFP, , Russian, Odesa, Ukrainian, State Emergency Service of Ukraine, Ukraine's, Donetsk, Kaluga, Bryansk, Oryol, Kursk, , United States
Russian officials and business leaders met at an economic forum this week. Russia's main interest rate is at 21% and could be hiked further still. Officials and business leaders shared pessimistic economic outlooks for 2025 at the Russian Economic Forum, held this week in Chelyabinsk, in central Russia. Andrei Klepach, chief economist at the state-run development entity VEB.RF, predicted that economic growth would fall from an estimated 2.5% to around 2% in 2025. Some, he said, would benefit from a subsidized interest rate of 1% to 5%.
Persons: , Andrei Klepach, Alexander Shokhin, Shokhin, Mikhail Mishustin, Alexander Novak, Kirill Tremasov Organizations: Service, Russian Economic, Central Bank of Russia, Industrialists, Russian, Russia's Locations: Chelyabinsk, Russia, Ukraine, Russian Union, Russian
CNN —Victor Wembanyama recorded the second 5x5 game of his career on Thursday to power the San Antonio Spurs to a 106-88 victory over the Utah Jazz. Wembanyama finished with 25 points, nine rebounds, seven assists, five steals and five blocks, becoming just the third player in NBA history with multiple 5x5 games after Hakeem Olajuwon and Andrei Kirilenko. A 5x5 line, a very rare occurrence in the NBA, requires a player to record at least five of a stat in five separate categories, such as points, rebounds, assists, etc. Ja Morant records triple-double in Grizzlies winMorant led the Grizzlies past a struggling Bucks team. Morant recorded 26 points, 10 rebounds and 14 assists, including an incredible seated alley-oop pass for a Santi Aldama dunk in the second quarter.
Persons: CNN — Victor Wembanyama, Wembanyama, Hakeem Olajuwon, Andrei Kirilenko, Olajuwon, ” Wembanyama, Tom Osborn, , Chris Paul, Collin Sexton, Ja Morant, Morant, Wes Hale, Santi, ” Morant, he’d, ” Aldama, Giannis Antetokounmpo, Damian Lillard’s, Lillard, Doc Rivers, Adrian Griffin, ” Rivers, Clippers Booker, Mark J, Terrill, Devin Booker, Royce O’Neale, Kevin Durant, It’s, James Harden, Norman Powell, Ivica Zubac, Paolo Banchero, Banchero, LeBron James Organizations: CNN, San Antonio Spurs, Utah Jazz, NBA, Los Angeles Lakers, San Antonio Express, Spurs, Jazz, Grizzlies, Bucks, Memphis Grizzlies, Milwaukee Bucks, Philadelphia 76ers, Suns, Clippers, Phoenix Suns, Los Angeles Clippers, LA, Orlando Magic, Chicago Bulls, Indiana Pacers, Utah Jazz Milwaukee Bucks, Memphis Grizzlies Phoenix Suns, Los Angeles Clippers Houston Rockets, Dallas Mavericks Locations: Memphis
Despite the Kremlin's neutral stance, Russian state media shows it favors Donald Trump. Meta and TikTok have previously banned Russian state media for election interference. But despite what Russian officials claim, the country's state media tells a very different story. State media coveragePer Reuters, Harris' tendency to burst out laughing during interviews and debates has been ridiculed in Russian state TV broadcasts. Last month, TikTok said it removed accounts associated with Russian state media for "engaging in covert influence operations."
Persons: Donald Trump, Kamala Harris, Trump, , Sergey Lavrov, Ann Marie Dailey, Harris, Kamala, Andrei Sidorov, JD Vance, It's, TikTok, Meta, Segodnya, Tenet Media —, Mathieu Boulegue, Putin, Vance, William Pomerantz Organizations: Donald Trump . State, Service, Newsweek, RAND, Ukraine, Reuters, Moscow State University, Politico, TV's, Daily, BBC, spank, Department of Justice, Tenet Media, Chatham House, Trump, Wilson Center Locations: Russia, Russian, Ukraine, Washington ,
Their task is to “strengthen and develop” their strategic partnership, the Russian defense chief added. Russia and China have been bolstering their security coordination in the face of shared frictions with the West. Belousov also held talks a day earlier with Chinese Defense Minister Dong Jun, who ranks below Zhang in China’s military hierarchy. Belousov’s arrival in Beijing Monday coincided with China’s military flying a record number of fighter jets and other warplanes around Taiwan during large-scale military drills. China said the drills were intended as a “stern warning” to what it described as pro-independence forces in Taiwan.
Persons: that’s, Andrey Belousov, Zhang Youxia, Xi Jinping, That’s, Zhang, Xi, Vladimir Putin, Belousov, Dong Jun, Andrei Belousov, Wang Yi, Putin, Lai Ching Organizations: Hong Kong CNN, US, China’s, Military Commission, Tass, China’s Defense Ministry, Chinese Defense, Russia's Defense, China's, Russian Defence Ministry, Reuters China’s Ministry of Foreign Affairs, Canadian Locations: China, Hong Kong, Beijing, Russia, Washington, Russian, Kazan, BRICS, Moscow, Ukraine, Ocean, Alaska –, South China, Taiwan
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, the walls are closing in on New York City Mayor Eric Adams after a federal indictment . New York City Mayor Eric Adams was indicted on five criminal counts in a corruption probe accusing him of bribery and receiving illegal campaign contributions from foreign nationals. In one case, according to the indictment, that meant a Turkish Airlines manager offering to charge Adams $50 for two business-class seats worth $15,000 . AdvertisementMessages obtained by prosecutors also show Adams promising his staffer he "always" deleted texts following a discussion of alleged Turkish bribes.
Persons: , Eric Adams, Eric Adams Seth Wenig, Alyssa Powell, Adams, Damian Williams, Gary Hershorn, He's, Alex Spiro, Elon Musk's, Kathy Hochul, Jumaane Williams, Ali Jarekji, it's, David Tepper, Sam Altman's, Getty, Olivier Verriest, Andrei Akushevich, Tyler Le, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, Nathan Rennolds, Amanda Yen, Milan Sehmbi Organizations: Business, Service, New York City, New, Democrat, Brooklyn Borough, Southern, of, Turkish Airlines, FDNY, Reuters, Financial Times, YouTube, Snapchat, Publishers, York Film Locations: New, States, New York, Manhattan, of New York, Turkish, Ali, Saudi Arabia, China, London
The Kremlin said Tuesday that an order by President Vladimir Putin to transform Russia’s army into the second largest in the world was needed to address growing threats on Russia’s western borders and instability to the east. Putin on Monday ordered the regular size of the Russian army to be increased by 180,000 troops to 1.5 million active servicemen in a move that would make it the second largest in the world after China’s. “This is due to the number of threats that exist to our country along the perimeter of our borders,” Kremlin spokesman Dmitry Peskov told reporters on a conference call. Putin since 2022 had previously ordered two official increases in the number of combat troops — by 137,000 and 170,000 respectively. Dara Massicot, an expert in the Russian military at the Carnegie Endowment for International Peace think tank, questioned whether Moscow was ready to foot the bill for the increase in active servicemen.
Persons: Vladimir Putin, Putin, Dmitry Peskov, Andrei Kartapolov, , Dara Massicot, ” Massicot, Massicot, Organizations: Monday, International Institute for Strategic Studies, NATO, Carnegie Endowment, International Peace Locations: , Russia, United States, India, China, Ukraine, Russia’s Kursk, Finland, Japan, U.S, Moscow
It’s Week 3 of the NFL Power Rankings, and Tennessee Titans coach Brian Callahan speaks for all of us. ETGO DEEPER NFL Week 2 takeaways: What Chiefs' latest survival shows, Ravens problems, Saints thrivingLast week: 3Thursday: Beat Miami Dolphins 31-10Week 1 was the Josh Allen Show — four touchdowns and 279 combined passing and rushing yards. Dallas Cowboys (1-1)Last week: 7Sunday: Lost to New Orleans Saints 44-19The roller-coaster ride of being a Cowboys fan never ends, does it? That’s been enough because the defense hasn’t allowed either opponent to top 90 yards rushing. Look for a heavy dose of De’Von Achane, who had 96 rushing yards and 69 receiving yards against the Bills, as long as he’s healthy.
Persons: Brian Callahan, Malik Willis, Wanya Morris, Travis Kelce, Morris, Kelce, Patrick Mahomes, He’s, Tom Brady, Roger Staubach, Josh Allen, Allen, BetMGM, Alvin Kamara, Sam Darnold's, shouldn’t, C.J ., Chris Godwin, Nic Antaya, Quarterback Baker Mayfield, Aidan Hutchinson, Khalil Mack’s, Jared Goff, Randy Moss, Justin Jefferson, Jefferson, Sam Darnold, it’s, Darnold, Brock Purdy, Deebo Samuel, Jordan Mason, Christian McCaffrey, San Francisco, Steve Young quarterbacked, Dobbins, Jim Harbaugh, DK Metcalf, Jaxon Smith, Kenneth Walker III, Walker, Geno Smith, Saquon Barkley hadn’t, Kirk Cousins, Josh Jacobs, Jordan Love, Dak, Dallas, CeeDee Lamb, Dallas pic.twitter.com, 2JC9Sidf35 —, Kyler Murray, Marvin Harrison Jr, Murray’s, enver B, ike T, aron R odgers, odgers, amar, ackson,, asser, orth, hase, rong, alf, eason, ong, olk, J r., roy T aormina, ike, ating, ake, ackers, hird, own., aguars, rian C, ade, ade Y ork, enver B roncos, hinks., iants, enver, ince, rian D Organizations: NFL, Tennessee Titans, National Football League, Vikings, 49ers, Raiders, Ravens, Buccaneers, Lions, Packers, Colts, New, New Orleans Saints, Cowboys, Bengals, Rams, Chargers, Saints, Seahawks, Beat Cincinnati Bengals, Kansas City, Chiefs, Falcons, Beat Miami Dolphins, Bills, Dolphins, Jaguars, Beat Dallas Cowboys, New Orleans ’, Philadelphia Eagles, Sam Darnold's Vikings, Beat Chicago Bears, Texans, Bears, Houston, Four Texans, Minnesota Vikings, Bucs, Tampa Bay Buccaneers, Beat Detroit Lions, Tampa Bay, Detroit, Denver Broncos, Detroit Lions, Arizona Cardinals, San Francisco 49ers, Houston Texans, Niners, Los Angeles Rams, Los Angeles Chargers, Beat Carolina Panthers, Panthers, Steelers, Pittsburgh Steelers, Seattle Seahawks, New England Patriots, Seattle, Miami Dolphins, Atlanta Falcons, Eagles, Green Bay Packers, Beat Indianapolis, Sunday, Green Bay, Dallas Cowboys, Cleveland, Dallas, Baltimore Ravens, T, 2JC9Sidf35 — Dallas Texas TV, MURRAY, FC, ards, ashington, eads, ams, ust, alton Locations: New Orleans, Buffalo, C.J, C.J . Stroud, Detroit, Tampa, San, Minnesota, J.K, Seattle, ards, ife, verall,
APPLE VALLEY, Minn. — A pair of rare Amur tiger cubs are making their public debut at the Minnesota Zoo, raising hopes for preserving an endangered species that’s native to far eastern Russia and northern China. It’s tricky to breed them, and around one in four Amur cubs don’t make it to adulthood, whether it’s in the wild or in captivity, she said. Three-month-old Amur tiger cubs Amaliya explores her outdoor enclosure for the first time with their mother Dari at the Minnesota Zoo in Apple Valley, Minn. on Thursday. Its Amur tigers have produced 57 cubs, 46 of which survived for at least 30 days. The births of Andrei and Amaliya raised the zoo’s population to seven Amur tigers, including their sire, Luka.
Persons: Andrei, Amaliya, , Trista Fischer, Dari’s, She’s, we’ve, Mark Vancleave, Luka, Fischer, , Zach Nugent, “ Aww, ” Fischer Organizations: Minnesota Zoo, Star Locations: APPLE, Minn, Russia, China, Apple Valley, Minneapolis, Apple, United States, Malayan
Over 140 Ukrainian drones targeted multiple Russian regions overnight, including Moscow and surrounding areas, killing at least one person, officials said Tuesday, in one of the biggest drone attacks on Russian soil in the 2 1/2-year war. A woman died and three people were injured in the town of Ramenskoye, just outside Moscow, where drones hit two multistory residential buildings and started fires, Moscow region Gov. Five residential buildings were evacuated due to falling drone debris, Vorobyov said. The attack also prompted the authorities to temporarily shut down three airports just outside Moscow — Vnukovo, Domodedovo and Zhukovsky. A total of 48 flights were diverted to other airports, according to Russia’s civil aviation authority, Rosaviatsia.
Persons: Andrei Vorobyov, Vorobyov, Zhukovsky Organizations: Gov Locations: Moscow, Ramenskoye, Domodedovo
Reuters —Ukraine struck the Moscow region on Tuesday in its biggest drone attack so far on the Russian capital, killing at least one woman, wrecking dozens of homes and forcing around 50 flights to be diverted from airports around Moscow. Russia, the world’s biggest nuclear power, said it destroyed at least 20 Ukrainian attack drones as they swarmed over the Moscow region, which has a population of more than 21 million, and 124 more over eight other regions. The drone attacks on Russia damaged at high-rise apartment buildings in the Ramenskoye district of the Moscow region, setting flats on fire, residents told Reuters. Tuesday’s attack follow drone attacks Ukraine launched in early September targeting chiefly Russia’s energy and power facilities. Authorities of the Tula region, which neighbors the Moscow region to its north, said drone wreckage fell onto a fuel and energy facility but the “technological process” of the facility was not affected.
Persons: Andrei Vorobyov, ” Alexander Li, ” Georgy, , , Vladimir Putin Organizations: Reuters, Residents, shockwave, Kremlin, NATO Locations: Ukraine, Moscow, Russia, Kyiv, Ramenskoye, Bryansk, Russia’s, Kursk, Russian, U.S, Tula
But his track record of handling recent crises in Russia reveals a different side of his presidential persona: one of paralysis and indecision. Despite a claim of responsibility from ISIS-K, he continued to insist that Ukraine, and the West had played a role. Dmytro Kholod, commander of Ukraine’s “Nightingale” battalion, currently in Kursk, told CNN by phone on Wednesday that he has noticed a shift in the behavior of Russian troops. It is just a strategy for perpetuating war and allowing Russia to wait us all out,” said Ryan. “Now we see that when he’s really presented with a crisis, he’s not a cornered rat, he’s just like an imposter.
Persons: CNN —, Vladimir Putin, Putin, Evgeny Prigozhin, Wagner, ” Putin, Prigozhin, Yan Dobronosov, , Boris Bondarev, , Mick Ryan, Ramzan Kadyrov, don’t, Andrei Belousov, Dmytro Kholod, Ukraine’s “ Nightingale, ” Ryan, he’s, Volodymyr Zelensky, Efrem, Ryan, Bondarev Organizations: CNN, Crocus, Russia’s, ISIS, US, Kyiv, Getty, of Human Rights, , Kremlin, Naval, Black, Institute for, Russian MoD, Russia, AP, NATO, Putin Locations: Russia, Russian, Kursk, Ukraine, Crocus City, Moscow, Ukrainian, Sudzha, AFP, Beslan, Kharkiv, Crimea, Kursk Oblast,
Russian commandos quashed a mutiny at a southern Russian prison on Friday, killing the attackers and freeing their hostages, according to the local governor. Inmates claiming to be motivated by radical Islam and armed with makeshift knives and an explosive vest briefly took control of Penal Colony No. 19 in the southern Volgograd region, according to videos posted on social media and verified by The New York Times. The Russian prison service said four guards had been killed and three injured in the attack. Four of the attackers were killed by snipers as the Russian commandos stormed the prison late Friday afternoon, ending the mutiny.
Persons: , Andrei Bocharov Organizations: Penal, The New York Times, Russian, IK Locations: Volgograd
That wasn’t an option in their native Russia, but it’s possible now that they live in Germany, which recognizes same-sex weddings. Subbotina campaigned for her partner’s release while also trying to make her life behind bars as tolerable as possible. Now, “I feel that I’m in a really free country,” Subbotina said, as they make plans for a life together in the quiet city of Koblenz in western Germany. The next day, Skochilenko was finally able to embrace Subbotina, who flew to Germany when she heard the news. Freed Russian artist Sasha Skochilenko shows a painting she made of herself in Koblenz, Germany.
Persons: Sasha Skochilenko, ” Skochilenko, Subbotina, ” Subbotina, Skochilenko, , , , “ We’ve, Vladimir Putin’s, ‘ Sonya, I’m, , Andrei Pivovarov, Olaf Scholz, Freed, Michael Probst, ” They’ve, Sasha Organizations: Associated Press, Church, Russian Locations: Russia, Germany, East, Ukraine, Koblenz, St . Petersburg, Skochilenko, , Moscow, Moscow’s, Ankara, Turkey, Freed Russian
Russian troops appear to have halted the northward advance of Ukrainian soldiers who launched a surprise cross-border attack five days ago, but have not stopped their eastward push, military analysts say, as Moscow tries to contain Kyiv’s largest assault into Russian territory since the start of the war. Yet despite any Russian boasting that might garner, the incursion into the southwestern region of Kursk has also prompted questions over how it was allowed to happen in the first place. Andrei Gurulyov, a retired military officer who is now a member of Parliament, on Friday condemned Russia’s response and level of preparedness. “There is no military system in place for guarding the state border, no reserves and no second lines of defense,” he said on Telegram, adding, “If the Ukrainian Armed Forces spent two months preparing for this, how did we miss it?”The assault has also left analysts wondering why Ukraine would take such a risk, with some suggesting a desire to draw Russian troops away from the front lines. On Friday, President Volodymyr Zelensky of Ukraine alluded to another possible benefit: newly captured Russian troops who could be traded for Ukrainian prisoners of war.
Persons: Andrei Gurulyov, , Volodymyr Zelensky Organizations: Ukrainian Armed Forces Locations: Moscow, Kursk, Ukraine, Russian
The prisoner swap, the largest since the Cold War, saw eight Russians, including a convicted murderer, exchanged for 16 prisoners in Russian and Belarusian jails, many of them dissidents. "What happened on Aug. 1 I don't view as a prisoner swap ... but as my illegal expulsion from Russia against my will, and I say sincerely, more than anything I want now to go back home," he added. He was speaking alongside activists Vladimir Kara-Murza and Andrei Pivovarov at the freed prisoners' first public appearance since arriving in Germany. On their second day out of prison, where they had had limited contact with the outside world, Kara-Murza and Yashin especially seemed fired with resolve, and to have kept abreast of world events. Pivovarov agreed: "We will do everything to make our country free and democratic, and get all political prisoners released."
Persons: Ilya Yashin, Vladimir Putin, Alexei Navalny, Yashin, Putin's, Vladimir Kara, Murza, Andrei Pivovarov, Putin, Kara, Pivovarov, Dmitry Medvedev Organizations: Western, Kremlin Locations: Russian, Ukraine, Bonn, Russia, Germany, Moscow
The German court that convicted Krasikov in 2021 said he acted on behalf of the Russian state, shooting Khangoshvili “execution style” in broad daylight. Vadim Konoshchenok, 48An undated photo of Vadim Konoshchenok included in a 2022 court document. He was arrested in February 2022, according to the Polish state news agency PAP. Lilia Chanysheva, 42Lilia Chanysheva stands is seen during a hearing at the Kirovskiy District Court in Ufa, Russia, on June 14, 2023. He was sentenced to four years in a penal colony in July 2022, according to Amnesty International.
Persons: Evan Gershkovich, Paul Whelan, Vadim Krasikov, Vadim Krasikov Berlin Police Krasikov, Krasikov, Zelimkhan, Khangoshvili, Ramzan Kadyrov, Putin, Viktor Bout, Whelan, Brittney, Biden, Alexey Navalny, Vadim Konoshchenok, Konoshchenok, Vladislav Klyushin, Klyushin, Roman Seleznev, US Department of Justice Roman Seleznev, Seleznev, Artem Dultsev, Ludvig Gish, Anna Dultseva, Dultsev, Maria Rosa Mayer Munos, Mikhail Mikushin, Pavel Rubtsov, Pablo Gonzalez, Oihana Goiriena, Vincent West, Pablo Gonzales, Natalia Kolesnikova, Kirill Kudryavtsev, US Marine Whelan, Gershkovich, Alsu Kurmasheva, Liberty Alsu Kurmasheva, Alexey Nasyrov, Kurmasheva, Vladimir Kara, Murza, Kara, Vladimir Putin’s “, , Rico Krieger, Krieger, Alexander Lukashenko, Kevin Lik, Lick, Dieter, Voronin, Ivan Safronov, Roscosmos, Demuri Voronin, Safronov, Herman Moyzhes, Moyzhes, Patrick Schoebel, Schoebel, Ilya Yashin, Yuri Kochetkov, ” Alexandra Skochilenko, Alexandra Skochilenko, Anton Vaganov, Skochilenko, , ” Oleg Orlov, Oleg Orlov, Lilia Chanysheva, Chanysheva, Ksenia Fadeeva, Maxim Shemetov, Fadeeva, Vadim Ostanin, Alexei Navalny’s, Ostanin, Andrei Pivovarov, Pivovarov Organizations: CNN, Vadim Krasikov Berlin Police, Chechen, Russian, Krasikov, US Department of Justice, US, Office, Eastern, of, Attorney's, University of Tromsø, Reuters, Court, Getty, Street, US Marine, US State Department, Radio Free, Liberty, AP, Belarusian TV, Belteleradio, Human Rights, German Red Cross, TASS, German Federal Intelligence Service, Pulkovo, Ukraine, Amnesty International Locations: American, Russia, Moscow, Berlin’s Kleiner, Russian, Georgia, Estonia, of New York, Boston, Sion , Switzerland, United States, Maldives, Slovenia, Ljubljana, Norway, Brazilian, Nabarniz, Spain, Poland, Spanish, Sverdlovsk, AFP, Irish, Radio Free Europe, Kazan, Yekaterinburg, Ukraine, United Kingdom, Belarusian, German, Belarus, Berlin, Germany, Europe, St . Petersburg, St, Petersburg, Meshansky, Bucha, Kyiv, Saint Petersburg, Kirovskiy, Ufa, Bashkortostan, Tomsk, Krasnodar
Among those headed back to Russia are convicted hackers and several Russian nationals detained in the West for spying. And the biggest prize for Russia was the return of Vadim Krasikov, a convicted hitman whose release had been publicly sought by Russian President Vladimir Putin. Anna Chapman, one of 10 Russian sleeper agents deported from the US in a 2010 prisoner swap, was also feted on her return to Russia. Britain blamed the poisoning on Russia; Russia has consistently denied involvement, although Putin referred to Skripal as a “scumbag” and a “traitor,” his contempt suggesting that Skripal had gotten his just desserts. The release of Russians in the swap means that Russia’s political climate is no less repressive.
Persons: Evan Gershkovich, Paul Whelan, Alsu Kurmasheva, Vladimir Kara, John le, Vadim Krasikov, Vladimir Putin, Krasikov, Zelimkhan, Tucker Carlson, Putin, Khangoshvili, ” Krasikov, Viktor Bout, Brittney, US Department of Justice –, Bout, Anna Chapman, Chapman, , Sergei Skripal, Skripal, Yulia, Novichok, Frank Augstein, Alexander Litvinenko, Litvinenko, Andrei Lugovoi, Dmitri Kovtun –, Lugovoi, Alexey Navalny, Navalny, Roman Abramovich, Hillary Clinton, Murza –, , Alexandra Skochilenko Organizations: CNN, Wall Street, Russia, Berlin Police, US Department of Justice, Hollywood, St ., Economic, Russian, Kremlin, European, of Human Rights Locations: American, Ukraine, Russia, Chechen, Berlin, Russian, St, St . Petersburg, United Kingdom, English, Salisbury, Britain, England, British, Moscow, Washington, United States
Trade between Russia and China is getting ever more difficult, with some payments between partners taking up to half a year, the Kommersant business daily reported on Monday. AdvertisementThe troubles started in December when the US authorized secondary sanctions targeting financial institutions that help Russia skirt sanctions. This prompted global banks from China to the UAE, Turkey, and Austria to reduce transactions with Russia to avoid getting in the crosshairs. Related storiesTo force Russia to halt its war, West blocked some Russian banks from the widely used SWIFT messaging system for payments early in the conflict. The continued business activity between the two countries sent trade between Russia and China to a record $240 billion last year.
Persons: , China's, Moscow's, Andrei Kostin, Russia's Organizations: Kommersant, Service, Business, Bloomberg, US Treasury, Russia, VTB Bank Locations: Russia, China, UAE, Turkey, Austria, Moscow, Ukraine, Beijing, Russian, Hong Kong
Earlier this month, Defense Secretary Lloyd J. Austin III received an unusual request from an unlikely caller: His Russian counterpart wanted to talk. Since Russia invaded Ukraine in February 2022, Mr. Austin had spoken by phone with Russia’s defense minister only five other times, almost always at the Pentagon’s initiative and often in an effort to avoid miscalculations that could escalate the conflict. In fact, Mr. Austin had reached out to Russia’s new defense minister, Andrei Belousov, just a couple of weeks earlier, on June 25, in an effort to keep the “lines of communication open,” the Pentagon said. It was the first phone call between the two men since Mr. Belousov, an economist, replaced Sergei K. Shoigu, Russia’s long-running defense minister, in a Kremlin shake-up in May. Was the Pentagon aware of the plot, Mr. Belousov asked Mr. Austin, and its potential to ratchet up tensions between Moscow and Washington?
Persons: Lloyd J, Austin III, Austin, Andrei Belousov, Belousov, Sergei K Organizations: Russian, Mr, Pentagon Locations: Russia, Ukraine, Moscow, Washington
But for now, we're turning to Wall Street in our big story, as big banks gear up to report their earnings. The big storyEarnings to watchMomo Takahashi/BIJust like that, it's Wall Street earnings season once again. Wall Street banks have been waiting for M&A, IPOs, and other fee-generating corporate dealmaking to come roaring back for two years. In May, the CEO shocked Wall Street by saying he plans to step down in the next five years . Will banks start charging for everyday consumer products like checking accounts?
Persons: , Joe Biden's, Sen, Peter Welch, Biden, Momo Takahashi, Wells, Goldman Sachs, Morgan Stanley, Kaja Whitehouse, Jamie Dimon's, Kaja, Jefferies, Jamie Dimon, Wall, Marianne Lake, We're, Larry Fink, Jenny Chang, Rodriguez, Neil Dutta, Tesla's, Elon Musk, Jeff Bezos, Rich Guy, Alyssa Powell, Andrei Cojocaru, David Zaslav, isn't, Joe, Zaslav, Jordan Parker Erb, Lisa Ryan, Joe Ciolli, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Democrat, Democratic, Hollywood, NATO, Business, showtime, JPMorgan, Citigroup, BlackRock, Bank of America, Getty, Warner Bros, Discovery, Air Lines, PepsiCo, Bureau of Labor Statistics Locations: New York, Chicago, London
Russia faces intense pressure from sanctions targeting payment systems. A top Russian banker says the country should stop talking about payment mechanisms due to sensitivity. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia's top financial officials admitted the country is under huge pressure from sanctions as their methods for making trade payments keep getting shut down. On Wednesday, a top Russian banker said the methods should be made a "state secret" due to their sensitivity, Reuters reported.
Persons: , Andrei Kostin, Russia's Organizations: Service, Reuters, VTB Bank, Business Locations: Russia, Russian
And while they might look minor in isolation, taken together these incidents amount to what security experts say is Russia’s hybrid war on the West. Thornton said Russia was resorting to a campaign of sabotage as an alternative to a full-on war with NATO, which would be disastrous for Russia. Article 5 is the cornerstone principle that an attack on one member of NATO is an attack on all members. Danylyuk said the Russian security apparatus doesn’t shy away from using criminals to do its dirty work, tapping into its links with international organized crime. Russia can only be strong if the West and NATO are weak.
Persons: , Petr Fiala, Jens Stoltenberg, Rod Thornton, there’s, ” Thornton, Vladimir Putin, Thornton, , , It’s, ” Nicole Wolkov, Andrei Averyanov, Averyanov, Sergei, Yulia Skripal, d’etat, Oleksandr Danylyuk, , Volodymyr Zelensky’s, Danylyuk, Olga Lautman, Fiala, Sergei Skripal, Yulia, Frank Augstein, ” Lautman, Lautman, Alexander Litvinenko, Andrei Lugovoi, Theresa May, Nikolai Glushkov, Salisbury, Putin, ” “, let’s, ’ ”, that’s, Litvinenko, Skripal Organizations: CNN, Occupation, . Police, European Union, NATO, King’s College London, , Royal United Services Institute, Czech Police, GRU, London –, German Federal Public, Ukraine, Russian, Russia NATO, Center for, European, of Human, Duma, Metropolitan Police, Command, Soviet, West Locations: Prague, Czech, Moscow, Europe, Riga, London, Warsaw, Germany, Russia, Belarus, Russian, Spain, Lithuania, Canada, Ukraine, Kyiv, Russia –, United States, al Qaeda, France, EU, Salisbury, England, Czech Republic, Vrbetice, Montenegro, Moldova, Macedonia, Ukrainian, Poland, Salisbury , England, Finland, Estonia, Lautman, Soviet Union
Morgan Stanley sees a comeback in Wall Street deals underway — and expects some financial stocks to reap the benefits. However, Goldman Sachs said sponsor-led mergers and acquisitions do not necessarily need a decrease in interest rates to take off. Stadnik said a capital markets renaissance is one key reason to be overweight money center banks. Of this group, he called Goldman Sachs the "purest play" on this theme. Goldman Sachs shares have climbed more than 15% this year.
Persons: Morgan Stanley, Andrei Stadnik, Stadnik, Morgan Stanley's, Goldman Sachs, Blackstone, Morgan, LSEG Organizations: Wall Street, JPMorgan, LSEG Locations: U.S
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