Russian Central Bank To Resume Currency Trades in 2024

Russia’s Central Bank said Monday it will resume buying and selling foreign currency through its sovereign wealth fund next year as the ruble continues to recover from a dramatic summer slide. The Russian currency has been extremely volatile since February 2022, when Russia launched its full-scale military offensive on Ukraine and the West hit Moscow…

Ex-Russian State TV Reporter Sent to ‘Punishment Pit’ in Occupied Ukraine

A former Russian state television correspondent is being held in a so-called “punishment pit” in occupied Ukraine, the independent Novaya Gazeta Europe news website reported Monday. Ilya Andreyev, 42, resigned from the state-run Channel One broadcaster shortly after the February 2022 invasion of Ukraine. He later signed a military contract with the Russian Defense Ministry because, according…

Soaring Turkish Exports of Military-Linked Goods to Russia Raise Western Concerns – FT

Turkish exports of military-related goods to Russia have surged this year, raising concerns that the NATO member is acting as a conduit for sensitive Western goods, the Financial Times reported Monday. Forty-five categories of civilian goods useful to the Russian military, including microchips, communications equipment and parts including telescopic sights, are subject to United States, European Union,…

Three Killed In Methane Blast In Siberian Mine

A methane blast at a diamond mine in Russia’s remote Sakha republic in Siberia killed three miners and injured two others, regional authorities said Monday. The accident occurred at the Udachny (“Lucky”) mine, owned by Russian state diamond giant Alrosa. The site – one of the deepest open-pit mines in the world – lies in…