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Russian Central Bank Cuts FX Restrictions for Banks

The Russian central bank announced on Saturday its decision to ease foreign currency restrictions on the country's banks in an effort to ease the concerns of Russian households regarding the supply of foreign currencies. This move is also aimed at easing pressure on the...

Russian Coal Exports Effectively Halted By EU Ban

Coal exports from Russia have been effectively halted due to the ban that the European Union has placed on Russian shipments. This ban extends to the servicing of shipments of Russian coal by any of the Union's 27 member states. Furthermore, it has become...

China’s July Coal Imports From Russia Hit 5-Year High

China's imports of Russian coal have rose by 14% in July compared to a year earlier, resulting in the highest level of shipments in the last five years. While the West has largely avoided Russian imports amid the country's decision to invade Ukraine, China...

Coca-Cola HBC Reports 190 Million Euro Loss From Russian Operations

Coca-Cola HBC announced on Thursday that it suffered a one-time loss of 190 million euros ($195.36 million) in the first half of 2022 relating to its Russian business due to its halting of sales to the country following its invasion of Ukraine. As a...

Russia to Resume Oil Flow to Central Europe as Outstanding Payment Settled

Russia is set to resume oil flows to central Europe after Hungary’s sole refiner settled a payment issue with regards to a transit fee to Ukraine. As a result, Russian crude-pipeline operator Transneft received confirmation from Ukraine that it is ready to resume oil...