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The Saudis are buying up Russian diesel — and selling more of the stuff they produce themselves

May 30, 2023
The kingdom's actions are not a violation of sanctions.
Saudi Arabia is now buying roughly180,000 barrels of Russian diesel every day. Above, a refinery in Moscow.
Natalia Kolesnikova/AFP via Getty Images

Has Europe’s highest court made it harder to sanction the assets of Russian oligarchs?

Mar 10, 2023
Anti-money-laundering campaigners say that a recent decision by the European Court of Justice is a blow against financial transparency.
The European Court of Justice, seen above in Luxembourg, recently ruled against a series of registers of true ownership, which are designed to prevent wealthy individuals from hiding their assets.
John Thys/AFP via Getty Images

Sanctions and strong ruble challenge Russia's crypto mining industry

Aug 9, 2022
A cold climate and cheap energy have made Russia a destination for bitcoin mining. But new factors confront its cryptocurrency efforts.
The strength of the Russian ruble has made it costly to mine cryptocurrency there. Above, a bitcoin mining center in Kirishi, Russia.
Olga Maltseva/AFP via Getty Images

For Europe, quitting Russian coal will be easier than quitting Russian natural gas

Apr 5, 2022
Russia supplies more of the EU's oil and gas than it does coal.
A storage site for a coal-fired power plant in Duisburg, Germany, on April 5. The European Union recently banned imports of Russian coal.
Ina Fassbender/AFP via Getty Images

Global pharma industry weighs Russian operations

Mar 21, 2022
Drugmakers have pulled some nonlifesaving products, hesitating to punish ordinary Russians by withdrawing vital treatments.
Frederick Florin/AFP via Getty Images

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