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☆ Russia will sell natural gas to China at almost a 50% discount compared to European buyers
▼ + stars: | 2023-09-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Russia expects to sell gas to China at almost half the price compared to European buyers, Bloomberg reported. Gas for China will average $271.6 per 1,000 cubic meters in 2024, versus $481.7 for buyers in Europe and Turkey. Buyers in Europe and Turkey, on the other hand, will face an average price of $481.7. AdvertisementAdvertisementThis year, meanwhile, Russia expects to sell gas to China at an average of $297.3 per 1,000 cubic meters, while the remaining clients in Europe and Turkey will pay an average of $500.6. Meanwhile, Moscow anticipates state-run energy giant Gazprom to supply natural gas to China on a $400 billion contract, via the Power of Siberia connection.

Persons: Mikhail Mishustin, Vladimir Putin, —, Jeffrey Sonnenfeld Organizations: Bloomberg, Service, Buyers, Gazprom, Yale Locations: Russia, China, Gas, Europe, Turkey, Wall, Silicon, Moscow, Siberia, Ukraine

☆ Russia strikes Ukraine grain port ahead of Putin-Erdogan talks
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

Sept 4 (Reuters) - Russia launched an overnight air attack on one of Ukraine's major grain exporting ports, Ukrainian officials said, hours before Russian President Vladimir Putin and his Turkish counterpart, Tayyip Erdogan, were due to hold talks. Ukraine's air force urged residents of Izmail port, one of Ukraine's two major grain-exporting ports on the Danube River in the Odesa region, to seek shelter after midnight on Monday. Putin and Erdogan were to meet on Monday in the Russian Black Sea resort of Sochi as Ankara and the United Nations seek to revive a Ukraine grain export deal that helped ease a global food crisis. After quitting the Black Sea grain deal, Moscow has launched frequent attacks on the ports of the Danube River, which has since become Ukraine's major route for exporting grain. Monday's attack - the scale of which was not immediately known - followed Russia's strikes on Sunday on the other major Danube port of Reni, in which the port's infrastructure was damaged and at least two people injured.

Persons: Vladimir Putin, Tayyip Erdogan, Putin, Erdogan, Lidia Kelly, Gerry Doyle Organizations: Turkish, United Nations, United, Thomson Locations: Russia, Izmail, Odesa, Ukraine, Russian, Sochi, Ankara, United Nations, Turkey, Moscow, Reni, Melbourne

☆ Ukrainian drone attacks Russian town near major nuclear plant
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

Summary Drone attacks nuclear townNo damage to nuclear power stationKursk power station is one of biggestUkrainian drone shot down near MoscowMOSCOW, Sept 1 (Reuters) - A Ukrainian drone attacked a town in western Russia which is home to one of the country's biggest nuclear power stations, though there was no damage reported to the plant, Russian officials said. Governor Roman Starovoit said a Ukrainian drone had damaged the facade of a building in the town of Kurchatov, just a few kilometres from the Kursk nuclear power station, early on Friday. Starovoit did not mention any potential damage to the Kursk nuclear power plant. The Soviet-era Kursk nuclear power station has the same graphite-moderated reactors as the Chernobyl nuclear plant. Russia and Ukraine have in the past accused each other of plotting to attack the Zaporizhzhia nuclear power station in Ukraine.

Persons: Roman Starovoit, Starovoit, Sergei Sobyanin, Vyacheslav Gladkov, Guy Faulconbridge, Clarence Fernandez, Michael Perry Organizations: Kremlin, Thomson Locations: Kursk, Moscow MOSCOW, Ukrainian, Russia, Kurchatov, Soviet, Soviet Ukraine, Europe, Ukraine, Russian, Moscow, Moscow's Vnukovo, Belgorod

☆ Former Kremlin official blames the ruble's crash on Russia's stockpile of rupees that's stranded in India
▼ + stars: | 2023-08-29 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Mikhail Zadornov, Russia's former minister of finance, attributed the ruble's recent crash to the Kremlin's stockpile of rupees that are stuck in India. In his view, the ruble's current 95-per-dollar level is in part the result of Russia's inability to convert rupees it earned via exports into its own currency, leaving the rupees stranded. It's state-run Tass agency said Russia's Energy Ministry denied he statements that stranded rupees weakened the ruble. Russia and India previously suspended negotiations over using rupees for trade between the two countries. Russia and India remain deadlocked in a currency dispute that has also frozen weapons sales between the two countries.

Persons: Mikhail Zadornov, Zadornov Organizations: Service, Russia's Energy Ministry, RBC, Russian Central Bank, Kremlin Locations: Wall, Silicon, Russia, India, Moscow, It's

☆ US accuses Russia of intimidation after ex-consulate worker charged with spying
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +2 min

A woman uses her mobile phone in front of the Federal Security Service (FSB) building on Lubyanka Square in Moscow, Russia, June 24, 2023. The FSB said it planned to question U.S. embassy employees who were in contact with Shonov, who has been under arrest since May. "We strongly protest the Russian security services' attempts - furthered by Russia's state-controlled media - to intimidate and harass our employees," said Miller. The Russian embassy in Washington did not immediately respond to a request for comment. Reporting by Reuters; additional reporting by Simon Lewis in Washington; editing Mark Heinrich and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Maxim Shemetov, Moscow, Robert Shonov, Shonov, Matthew Miller, Washington, Miller, Simon Lewis, Mark Heinrich, Rosalba O'Brien Organizations: Federal Security Service, REUTERS, Washington, U.S . Consulate, State, U.S, Reuters, Thomson Locations: Moscow, Russia, United States, U.S, Ukraine, Russian, Vladivostok, Washington

☆ Russia says drone attack on Moscow thwarted, 3 killed near Ukrainian border
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

[1/7] A view shows the damaged facade of a high-rise building in the Moscow City following an alleged Ukrainian drone attack in Moscow, Russia, August 23, 2023. REUTERS/Stringer Acquire Licensing RightsMOSCOW, Aug 23 (Reuters) - Russia said on Wednesday it had thwarted the latest Ukrainian drone attack on Moscow but three people were killed in a drone strike near the Ukrainian border. The governor of Belgorod region, which neighbours Ukraine and has come under frequent attack, said the drone hit a sanatorium in a village. The attempted attack in Moscow was not reported to have hurt anyone and only appeared to have caused minor damage. The state TASS news agency reported that glass planes on three floors of the high-rise building had been damaged.

Persons: Stringer, Felix Light, Mark Trevelyan Organizations: Moscow City, REUTERS, Rights, Defence Ministry, Moscow, Mozhaisky, TASS, Kremlin, Reuters, Thomson Locations: Moscow, Ukrainian, Russia, Belgorod, Ukraine, Khimki

☆ The resilience of Russia's stock market and its economy is a complete mirage masking deeper pain, Yale researchers say
▼ + stars: | 2023-08-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

The functioning of Russia's stock market is an illusion, two Yale researchers told Insider. That apparently stellar performance of the Russian stock market this year is ultimately an illusion meant to mask deepening pain in the country's economy. It's a move that was intended to prop up Russia's stock market, the researchers said. "The Russian stock market performance is very misleading, It is a Roach Motel of assets," Sonnenfeld told Insider. Other experts have warned of more pain for Russia's economy as its costly war in Ukraine drags on.

Persons: Vladimir Putin, Jeffrey Sonnenfeld, Steven Tian, Ukraine haven't, that's, Tian, Sonnenfeld, Putin Organizations: Yale, Investments, Service, Yale School of Management, Putin, Levada Locations: Wall, Silicon, Moscow, Russia, Ukraine, Poland, Baltic, Russian, Armenia, Georgia, Kyrgyzstan

Russia's state space corporation, Roskosmos, said an "abnormal situation" occurred as mission control tried to move the craft into a pre-landing orbit at 11:10 GMT on Saturday, ahead of a planned touchdown slated for Monday. "During the operation, an abnormal situation occurred on board the automatic station, which did not allow the manoeuvre to be performed with the specified parameters," Roskosmos said in a short statement. Russia has not attempted a moon mission since Luna-24 in 1976, when Leonid Brezhnev ruled the Kremlin. Luna-25 was supposed to execute a soft landing on the south pole of the moon on Aug. 21, according to Russian space officials. It was not immediately clear from official sources how serious the "abnormal situation" was - and whether or not Moscow could save the situation.

Persons: Luna, Roskosmos, Yuri Gagarin, Leonid Brezhnev, Alexander Ivanov, Guy Faulconbridge, Christina Fincher Organizations: REUTERS, Kremlin, India, Thomson Locations: Handout, MOSCOW, Moscow, Soviet, Russia, China, United States, Ukraine

SummaryCompanies Russia moon mission failsLuna-25 crashes into the moonFailure is a blow to Russian space prestigeSoviet space veteran: Luna-25 was my last hopeMOSCOW, Aug 20 (Reuters) - Russia's first moon mission in 47 years failed when its Luna-25 space craft spun out of control and crashed into the moon after a problem preparing for pre-landing orbit, underscoring the post-Soviet decline of a once mighty space programme. Russia's state space corporation, Roskosmos, said it had lost contact with the craft at 11:57 GMT on Saturday after a problem as the craft was shunted into pre-landing orbit. Though moon missions are fiendishly difficult, and many U.S. and Soviet attempts have failed, Russia had not attempted a moon mission since Luna-24 in 1976, when Communist leader Leonid Brezhnev ruled the Kremlin. Russian officials had hoped that the Luna-25 mission would show Russia can compete with the superpowers in space despite its post-Soviet decline and the vast cost of the Ukraine war. "This was perhaps the last hope for me to see a revival of our lunar program," he said.

Persons: Luna, Roskosmos, Yuri Gagarin, Leonid Brezhnev, Anatoly Zak, Zak, Mikhail Marov, Marov, Guy Faulconbridge, Christina Fincher, Frances Kerry Organizations: Kremlin, India, Indian Space Research Organisation, ISRO, YP Rajesh, Thomson Locations: Russia, MOSCOW, Moscow, Soviet, Europe, Tenerife, China, United States, Handout, Ukraine, Soviet Union, India, Delhi

☆ Factbox: Russia's Luna-25 moon mission fails: what you need to know
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +3 min

LUNA-25It was Russia's first moon mission since the Soviet Union's Luna-24 returned with samples from the moon in 1976. The lander was boosted out of Earth's orbit toward the moon a little over an hour later. Russia had not attempted a moon mission since Luna-24 in 1976, when Leonid Brezhnev ruled the Kremlin. Luna-25 was supposed to execute a soft landing on the south pole of the moon on Aug. 21, according to Russian space officials. Eventually, in the early 2010s, Russia settled upon the idea of the Luna-25 mission to the south pole of the moon.

Persons: Luna, Roskosmos, Yuri Gagarin, Leonid Brezhnev, Vladimir Putin, Guy Faulconbridge, Philippa Fletcher, Christina Fincher Organizations: 2.1b, Vostochny, REUTERS Acquire, Rights, Soyuz, Luna, Kremlin, Thomson Locations: Amur, Russia, Soviet, Vostochny cosmodrome, Moscow, RUSSIA, Soviet Union

☆ Moscow court arrests U.S. national for 'espionage' -Russian news agencies
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

The Russian flag flies on the dome of the Kremlin Senate building behind Spasskaya Tower, in central Moscow, Russia, May 4, 2023. REUTERS/Stringer/File Photo Acquire Licensing RightsAug 17 (Reuters) - A Moscow court has arrested an already imprisoned Russia-born U.S. citizen on charges of espionage, Russian news agencies reported on Thursday. Russian news agencies did not report any details of the new charges, but said the court session was held behind closed doors as the case materials were classified. Speaking on CNN, White House spokesperson John Kirby said the administration was still collecting information about the case and had no comment yet. Reporting by Maxim Rodionov, Kanishka Singh and Lidia Kelly; Editing by Chris Reese, Daniel Wallis and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Stringer, Gene Spector, Arkady Dvorkovich, Spector, John Kirby, Maxim Rodionov, Kanishka Singh, Lidia Kelly, Chris Reese, Daniel Wallis, Raju Gopalakrishnan Organizations: Kremlin Senate, REUTERS, TASS, Medpolymerprom, CNN, White, State Department, Thomson Locations: Russian, Kremlin, Moscow, Russia, Russia's St, Petersburg, United States

☆ CNBC Daily Open: Tech is back
▼ + stars: | 2023-08-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Tech reboundU.S. stocks started the week on a positive note, thanks to a rebound in chipmakers and technology stocks. Back to golf, not bankingGoldman Sachs' former CEO Lloyd Blankfein can't imagine returning to his old firm, he told CNBC. The Fed, in turn, will begin lowering interest rates before the end of June 2024, the bank forecast.

Persons: Morgan Stanley, Goldman Sachs, Lloyd Blankfein, Blankfein, China's, Russia's staunchest Organizations: CNBC, Tech, Philips, Nvidia, New York Times, Beijing, West, Federal Reserve Locations: chipmakers, China, Ukraine, Russia

☆ Russian ruble slumps to near 17-month low, moves past 100 against the dollar
▼ + stars: | 2023-08-14 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

This pool image distributed by Sputnik agency shows Russian President Vladimir Putin meeting with the Tver region governor at the Kremlin in Moscow on August 9, 2023. The Russian ruble slid past 100 to the U.S. dollar on Monday, nearing a 17-month low as President Vladimir Putin's economic advisor blamed loose monetary policy for the rapid depreciation. Putin's economic advisor Maxim Oreshkin told Russia's state-owned Tass news agency that the depreciation would normalize in the near future." A weak ruble complicates the restructuring of the economy and negatively affects the real incomes of the population. In the interests of the Russian economy — a strong ruble," he said, according to a Google translation.

Persons: Vladimir Putin, Vladimir Putin's, Maxim Oreshkin, William Jackson, Jackson Organizations: Sputnik, Kremlin, Russian, U.S, greenback, Bank of, Tass, Federal State Statistics Service, Capital Economics Locations: Tver, Moscow, Bank of Russia, Russia's, Russia, Russian

Russia in July halted participation in the Black Sea grain deal that allowed Ukraine to export agricultural produce via the Black Sea and Moscow cautioned that it deemed all ships heading to Ukrainian waters to be potentially carrying weapons. "To forcibly stop the vessel, warning fire was opened from automatic weapons," the Russian defence ministry said. BLACK SEA AT WAR? Since Russia left the Black Sea grain deal, both Moscow and Kyiv have issued warnings and carried out attacks that have sent jitters through global commodity, oil and shipping markets. Ukraine also attacked a Russian oil tanker and a warship at its Novorossiysk naval base, next door to a major grain and oil port.

Persons: Vasily Bykov, Okan, Guy Faulconbridge, Nick Macfie Organizations: UN, Russian, Reuters, Thomson Locations: Russia, MOSCOW, Russian, Black, Ukraine, Moscow, Palau, Izmail, Bulgaria, Sulina, Turkey, Kyiv, Novorossiysk

☆ Russian officials are fuming after Ukraine isolated it in peace talks that even China attended: 'They're gossiping without us'
▼ + stars: | 2023-08-10 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Kremlin officials are concerned Kyiv is outflanking them diplomatically, The Moscow Times said. In comments to The Moscow Times, four former and current Kremlin officials familiar with Russia's diplomacy were troubled. A former high-ranking Russian diplomat also expressed concern to The Moscow Times about Russia's isolation, but added that Moscow's participation in discussions was necessary for ending the conflict. In recent months, Russia and Ukraine have intensified their struggle to for diplomatic support for their versions of ending the war. Ukraine hopes to persuade nations by pointing to the devastating effect of Russia's war of the grain exports many countries depend on.

Persons: Kremlin wasn't, Moscow —, Stefan Wolf Organizations: Kremlin, Moscow Times, Service, Birmingham University Locations: Ukraine, Saudi Arabia, China, Kyiv, Wall, Silicon, Russia, Jeddah, Beijing, Moscow, Russian, West, Brazil, India, South Africa, Denmark

"It is not going to be easy for them (Russia)," said one industry executive with knowledge of grains exports. Last year, Russia exported a record volume of wheat on ships chartered from international companies and traders. "Most of what is coming out is dealt with by Russian traders using (shadow) fleet ships, which international traders would not touch". The Black Sea remains a critical area for Russian exports, with other locations more complicated and costly. Russia's Black Sea terminals handle about 70% of the country's grain exports.

Persons: Vladimir Putin, Eduard Zernin, Zernin, Cargill, Louis Dreyfus, Viterra, Dreyfus, Bunge, Denmark's, Mike Salthouse, Rosagroleasing, Victoria Mitchell, Jonathan Saul, Nigel Hunt, Polina Devitt, Gus Trompiz, Frank Jack Daniel Our Organizations: General's, REUTERS, Russia's, Grain, Reuters, International Grains Council, Russian, Control, Thomson Locations: Russian, Odesa, Ukraine, Russia Russia, Moscow, Africa, Novorossiysk, Russia's Union, Russia, Turkey, China, Denmark's NORDEN, Bulgaria, Romania, United States, Europe, Taman, Russia's, ., London, Paris

☆ Russia's tough defenses are getting a boost from regrowing plants that hide them from Ukraine's soldiers, UK intel says
▼ + stars: | 2023-08-03 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +2 min

Russia's strong defensive lines in Ukraine are getting some help thanks to regrowing weeds. British intelligence said the regrowth of weeds and shrubs are providing extra cover for troops. It "helps camouflage Russian defensive positions and makes mine fields harder to clear," UK intel said. Russia's tough defenses along a 600-mile front line include mazes of extensive trenches, barbed wire, land mines, and anti-tank ditches. Retired Australian general Mick Ryan recently described the defensive lines that Russia had built in Ukraine as "much more complex and deadly than anything experienced by any military in nearly 80 years."

Persons: Ukraine's, Volodymyr Zelenskyy, Mick Ryan Organizations: intel, Service, UK's Ministry of Defense Locations: Ukraine, Wall, Silicon, Russia, Australian

☆ Why Russia's defenses are so effective: Deep minefields, adaptable drones, and electronic warfare are proving formidable in Ukraine, experts say.
▼ + stars: | 2023-08-02 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +7 min

Russia's defenses are proving effective in frustrating the Ukrainian counteroffensive. Its use of mines, adaptable drones, and electronic warfare are particularly formidable, experts said. He said there were often more than four rows of minefields in front of the Russian defensive lines. A retired Australian general Mick Ryan appears to agree with Lewis, telling The Economist on Monday that Russia's defensive lines are "much more complex and deadly than anything experienced by any military in nearly 80 years." Justin Bronk, a senior research fellow with RUSI, told Newsweek that Ukraine's "Beaver" drones appear to be vulnerable to Russia's electronic defense systems.

Persons: Oleksandr Tarnavskyi, Maxar David Lewis, Mick Ryan, Lewis, it's, Steve Wright, Wright, ALEXANDER NEMENOV, Justin Bronk, RUSI, Russia doesn't, Mark Milley, Birmingham's Jaroslava Barbieri Organizations: Service, BBC, Royal United Services Institute, Storm, Ukrainian, Police, Moscow International Business, Getty Images, Newsweek, Moscow Sunday, Reuters, Associated Press, University, Birmingham's, Ukraine's Ministry of Defense Locations: Russia, Wall, Silicon, Ukraine, Russian, Kherson, Dnipro, Russia's, Australian, RUSI, AFP, Ukrainian, Kyiv

☆ Putin can't fire his inept defense minister after the Wagner uprising, so he sent Sergei Shoigu to 'break bread and glad hand' in North Korea instead, expert says
▼ + stars: | 2023-07-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Russian Defense Minister Sergei Shoigu met with Kim Jong Un in North Korea this week. North Korea commemorates the national holiday as "Victory Day," even though the conflict ended in a stalemate. Still, the Russian visit to North Korea was an important one. North Korea is one of the few countries to publicly back Russia in the war in Ukraine. The country has denied engaging in arms transactions with Russia, but the White House said North Korea shipped weapons, including rockets and missiles, to Russia in November.

Persons: Sergei Shoigu, Kim Jong Un, Putin, Shoigu, Russia's, Vladimir Putin's, Simon Miles, Miles, Yevgeny Prigozhin, castigating Shoigu, Valery Gerasimov, Wagner, Prigozhin, Jong, —, He's, White Organizations: Russian, Russia, Service, North, Duke University's Sanford School of Public, Soviet Union, Wagner Group, Jong Un, North Korean, Reuters Locations: North Korea, Wall, Silicon, Ukraine, Russian, Soviet, Russia, Belarus

☆ Putin is trying to flex his influence in Africa, but countries are giving him the cold shoulder
▼ + stars: | 2023-07-26 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

Putin is hosting a critical summit with African leaders this week in St. Petersburg, Russia. But only a handful of attending nations are sending their heads of state or leaders. Isolated by the war in Ukraine, Putin seeks to grow influence and support on the African continent. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. On Thursday, Putin will meet with 49 representatives from African nations at the second Russia-Africa summit.

Persons: Putin, Vladimir Putin's, Yuri Ushakov, Dmitry Peskov Organizations: Service, Moscow Times, Reuters, Ukraine, Wagner Group, Central African, Wall Street Journal, Foreign Relations Locations: St . Petersburg, Russia, Ukraine, Wall, Silicon, Africa, Egypt, South Africa, Uganda, Libya, Mali, Sudan, Central African Republic

☆ 'Unusual' numbers of a massive Russian missile built to sink aircraft carriers are hammering a port city in southern Ukraine, intelligence says
▼ + stars: | 2023-07-25 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +7 min

Russia is launching "unusual" numbers of carrier killer missiles, among others, at urban areas in southern Ukraine. The Kh-22 missile is inaccurate when used this way and exceptionally dangerous. The Tupelov Tu-22M supersonic bomber can carry up to three Kh-22 missiles, an anti-ship weapon that Russia has been using against Ukraine's urban areas. An aerial view of the damaged building after Russian missile attacks in Odessa, Ukraine on July 25, 2023. In an aerial view, the Transfiguration Cathedral heavily damaged by Russian missile on July 23, 2023 in Odesa, Ukraine.

Persons: Ercin, Zelenskyy, Yan Dobronosov, Viacheslav Onyshchenko, Yuriy Ihnat Organizations: Service, NATO, AS, Russian Defence Ministry, UNESCO, Heritage, Anadolu Agency, Getty, Russian, Workers, Command, Onyx, The New York Times, Intelligence Locations: Russia, Ukraine, Odesa, Wall, Silicon, Odessa, Odessa ., Russian, Dnipro, Ukrainian, Kremenchuk

☆ Russia says it thwarts Ukrainian drone attack on Moscow
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

July 24 (Reuters) - Two Ukraine-launched drones attacked Moscow early on Monday, but were intercepted and destroyed, Russia's defence ministry said. State news agencies reported that drone fragments were found 2 kilometres (1.2 miles) away from the ministry's buildings. Calling it a "terrorist attack," the defence ministry said on its Telegram messaging app that there were no casualties in the attack. Neither the defence ministry nor the mayor said where the drones were intercepted. Russia's defence ministry television channel Zvezda published a short video on its Telegram channel showing a high-rise building with missing windows on top floors and damaged structure.

Persons: Sergei Sobyanin, Lidia Kelly, Kim Coghill, Simon Cameron, Moore Organizations: Zvezda, Russian Telegram, Thomson Locations: Ukraine, Moscow, State, Moscow's, Russia's, Kyiv, Russia, Melbourne

☆ To help end the war in Ukraine, seize Russia's state assets and use them for reparations
▼ + stars: | 2023-07-24 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +9 min

To end the war, some argue that Ukraine must make difficult territorial concessions to Russia. People in the United States, after all, do not vote for the president of Russia. The Biden administration has already authorized millions of dollars worth of assets from Russian oligarchs to be transferred to Ukraine. But it has refrained from touching Russia's Central Bank foreign currency reserves, which are estimated to be about $38 billion in the United States alone (and $215 billion in the European Union). As Financial Times economic commentator Martin Sandbu wrote last month, seizing state assets for reparations is an unproven legal strategy.

Persons: Cornel, Vivek Ramaswamy, Donald Trump, Ron DeSantis, Robert F, Kennedy Jr, there's, —, Vermont Sen, Bernie Sanders, Sanders, what's, Lawrence Summers, Robert Zoellick, Philip Zelikow, Biden, Martin Sandbu Organizations: Service, Harvard, Princeton, CNN, White, NATO, Russia, Ukraine, Republican, Florida Gov, Vermont, New Lines Institute, UN, Assembly, Kremlin, Bank, Central Bank, European Union, Financial Locations: Ukraine, Russia, Wall, Silicon, Washington, United, United States, Florida, America, Russian, West, Iraq, Washington ,, Mariupol

☆ Russia is trying to keep its army going by raising the age for military call-ups by 5 years, with some reservists able to be mobilized at 70
▼ + stars: | 2023-07-19 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +2 min

Russia increased its military call-up age for men who completed compulsory service by five years. It also increased the age limit for its mobilized reserves, with some 70-year-olds able to be called up. It also introduced a higher age limit for those in Russia's mobilized reserve. These are men who signed up to receive occasional military training and a stipend when their military service ends, according to Reuters. Some reservists called up to fight in September's mobilization were trained, sent to Ukraine, and killed in the span of just a month.

Persons: Vladimir Putin Organizations: Service, Reuters Locations: Russia, Ukraine, Wall, Silicon, Russia's

☆ Putin wanted his own version of NATO. Instead he has a failing alliance that has only made him look weaker since the invasion of Ukraine.
▼ + stars: | 2023-07-18 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +14 min

Putin wanted his own version of NATOPutin has long viewed NATO as a threat to Russia, even citing it as an excuse for his invasion of Ukraine. Russian President Vladimir Putin. He also said that CSTO members states' desires for closer ties with the US weren't new. Russian President Vladimir Putin in Armenia in November 2022. Graham also said the invasion of Ukraine meant Putin is less and less able to deal with CSTO members' complaints.

Persons: it's, Putin, Vladimir Putin, Thomas Graham, NATO Putin, Alexander Cooley, Cooley, Armenia's, Nikol Pashinyan, KAREN MINASYAN, Putin's, isn't Putin, Ilya PITALEV, ILYA PITALEV, Getty Images Graham, Russia's, ANATOLII STEPANOV, you've, Graham, CSTO, Sadyr Japarov, Stanislav Zas, Alexander Lukashenko, Kassym, Tokayev, AP Cooley, – Putin, Vladimir Voronin, Nikol, They've, Hayk Organizations: NATO, Service, Soviet Union, Security, Organization, Yale, Columbia University, REUTERS, Getty Images, SPUTNIK, AFP, CSTO, Kazakh, Russian Defense Ministry Press Service, AP, Collective Security, Vladimir Voronin NATO, Putin, Russian Foreign Ministry Press Service, UN, US, EU, Armenian Locations: Russia, Russian, Ukraine, Wall, Silicon, Soviet, East, Armenia, Kazakhstan, Belarus, Kyrgyzstan, Tajikistan, Azerbaijan, Georgia, Uzbekistan, The Hague, Netherlands, Yerevan, AFP, Soviet Union, Moscow, Asia, Ukrainian, Oskol, Ukraine's Kharkiv, NATO, USSR, Dushanbe, tatters, Photolure, China, Turkey, United States

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