Russian Wealthy Flee Markets as Stocks Suffer 19 Week Slide

(MOSCOW, RUSSIA) – Russia’s wealthiest individuals are rapidly reshaping their investment holdings, moving money into cryptocurrency, foreign property and private investment funds as the country’s stock market extends a historic decline. The assessment comes from Ukraine’s Foreign Intelligence Service, which reported that the Russian stock market has been falling forContinue Reading

Kazakhstan Oil Flows Again Through Russia Port

(NOVOROSSIYSK, RUSSIA) – The Caspian Pipeline Consortium has restarted oil loading operations at its marine terminal in the port of Novorossiysk. The move allows Kazakh oil producers to resume full export flows through the Black Sea route. Kazakhstan’s Energy Ministry confirmed on Monday that two tankers, Seamajesty and Milos, wereContinue Reading

Red Sea Pipelines Undercut Russian Crude Revenues

(PERSIAN GULF) – Global oil transport patterns are shifting rapidly, reducing the market power of Russian crude exports. New bypass routes around the Strait of Hormuz are being expanded, adding structural pressure to the price of Russia’s Urals blend. Daily volumes of oil moved through alternative corridors have climbed fromContinue Reading

UK Consumer Giant Reckitt Nears End of Russia Operations

(LONDON, UK) – British consumer goods company Reckitt Benckiser has agreed to sell its Russian hygiene business to local manufacturer Arnest Management, pressing ahead with plans to reduce its presence in Russia first announced in 2022. The sale covers a production facility in Moscow, intellectual property rights for local brandsContinue Reading