China’s Honor Smartphone Maker Halts Russia Shipments – Vedomosti

Chinese smartphone maker Honor has stopped shipments to Russia over fears of secondary sanctions for Moscow’s invasion of Ukraine, the Vedomosti business daily reported Thursday.  Honor halted deliveries to Russia as early as March without an official announcement, the publication cited two unnamed industry sources saying.  The United States and its Western allies announced export…

NATO Summit Proof Alliance Seeks To Contain Russia – Moscow

Moscow said Wednesday that the NATO summit in Madrid served as proof the alliance was seeking to contain Russia and that it saw Finland and Sweden’s NATO bids as a “destabilizing” factor. “The summit in Madrid confirms and consolidates this bloc’s policy of aggressive containment of Russia,” Deputy Foreign Minister Sergei Ryabkov said, Russian news agencies reported.  “We…

Russia’s Military ‘Reshuffle’ Hints at Frustration With Slow Ukraine Advance

Official statements and footage released by Russia’s Defense Ministry suggests the Kremlin has reshuffled the country’s military command structure in recent weeks, according to analysts, as the ongoing Russian offensive in Ukraine yields few territorial gains.  Russian Deputy Defense Minister Gennady Zhidko’s appearance alongside Defense Minister Sergei Shoigu on a visit to eastern Ukraine over…

Occupied Kherson Readying for Vote to Join Russia, Official Claims

Southern Ukraine’s occupied Kherson region is preparing to vote on officially joining Russia, a Moscow-backed official said Wednesday. “We’re preparing for the referendum and we will carry it out,” Kirill Stremousov, deputy chief of the Kherson region’s Moscow-installed administration, said in a video address. “The Kherson region will decide to join the Russian Federation and…

Russia Will Work to ‘Normalize’ Afghanistan – Putin

Russia is working actively to “normalize” the situation in Afghanistan, President Vladimir Putin said Tuesday during a visit to neighboring Tajikistan, evoking Moscow’s responsibilities in the area. “We are doing everything to normalize the situation [in Afghanistan] and we are trying to build relations with the political forces that control the situation,” Putin said during talks…

Russian Oligarch Deripaska Says Destroying Ukraine Would Be ‘Colossal Mistake’

Russian aluminum magnate Oleg Deripaska said Tuesday it would be a “colossal mistake” for Russia to destroy Ukraine with its military offensive, a rare rebuke from a member of Russia’s business elite.  “Is it in Russia’s interest to destroy Ukraine? Of course not, that would be a colossal mistake,” he told a rare press conference in Moscow. He repeated…

Michelin Tire Group to Give Up Russia Business

French tire group Michelin said Tuesday it plans to transfer its activities in Russia to local management, the latest foreign firm to exit the country following Moscow’s invasion of Ukraine. Hundreds of Western companies ranging from furniture store IKEA to fast-food chain McDonald’s and sports retailer Nike have left Russia since the war erupted in late February and sanctions…

Moody’s Declares Russia in Default

Moody’s ratings agency has confirmed that Russia defaulted on foreign debt for the first time in a century after bondholders did not receive $100 million in interest payments. “Missed coupon payment constitutes a default,” Moody’s said in a statement late Monday.  Bloomberg had earlier reported that Russia has defaulted on its foreign debt after the…

Russia Restricts Pilot Exodus Following Mass Layoffs – Kommersant

Russian aviation authorities are preventing jobless pilots from finding work with foreign airlines, the Kommersant business daily reported Tuesday, citing five unnamed industry sources.  Airlines started laying off Russian pilots in the spring after most international flights were grounded due to the risk of aircraft seizures in line with Western sanctions over Russia’s invasion of Ukraine.…

Ukraine’s Richest Oligarch Sues Russia Over ‘Stolen’ Grain and Steel Assets

Ukraine’s richest oligarch has filed a lawsuit against Russia in Europe’s top human rights court, citing “grievous violations” in Russia’s seizure of Ukrainian property and resources since the start of Moscow’s invasion in late February. Rinat Akhmetov, a steel tycoon who owns Ukraine’s largest steel manufacturer Metainvest, filed the lawsuit in the European Court of…

Russia Denies Defaulting on Foreign Debt

Updated at 5:24 p.m. on June 27 to add Russia’s denial. Russia shot down reports that it defaulted on its external debt Monday, after a deadline on $100 million in interest payments passed. Bloomberg had earlier reported that Russia has defaulted on its foreign debt after the expiration of the grace period on about $100 million in interest…

Pay Raises, More News and Tighter Control: Staff at Russian State TV Work Overtime Amid Ukraine War

“No war” and “They are lying to you” were not messages Russian viewers expected to see during a news bulletin on state-run television.  But that was exactly what happened when producer Marina Ovsyannikova stormed a live broadcast waving an anti-war poster shortly after Russia’s attack on Ukraine.  “The atmosphere was terrible at Channel One at…

Russian Student Sapega Seeks Pardon for 6-Year Belarus Sentence – BBC

Russian student Sofia Sapega has sought a pardon from Belarusian President Alexander Lukashenko a month after being sentenced to six years in prison on extremism charges, the BBC’s Russian service reported Monday.  Sapega and her then-boyfriend, Belarusian dissident Roman Protasevich, were detained in May 2021 when Minsk authorities forcibly diverted their international flight as it flew…

Moscow to Send Belarus Nuclear-Capable Missiles Within Months – Putin

Russia will deliver missiles capable of carrying nuclear warheads to Belarus in the coming months, President Vladimir Putin said Saturday as he received Belarusian leader Alexander Lukashenko. “In the coming months, we will transfer to Belarus Iskander-M tactical missile systems, which can use ballistic or cruise missiles, in their conventional and nuclear versions,” Putin said…

Russia Plans First Mass Drone Production – Kommersant

Russia plans to scale up industrial drone production following China’s exit from the commercial market and increasing demand from the Russian military in Ukraine, the Kommersant business daily reported Friday. The open-source drone manufacturer Copter Express (COEX) sold its industrial division to the drone nest maker Hive for an undisclosed sum, the publication reported. Industrial…

Car Bomb Kills Russia-Installed Official in Occupied Ukraine

A Russian-appointed official in southern Ukraine’s occupied city of Kherson was killed in an apparent car bomb attack, local authorities reported Friday. Kherson’s so-called “military-civilian” administration told the state-run TASS news agency that one person died in a car explosion in a residential neighborhood in the early morning. “Today, my friend, head of the department of family,…

Russia Recruits Teachers, Construction Workers and Politicians to ‘Rebuild’ Occupied Ukraine

Russian authorities have launched a campaign to recruit essential workers for the “reconstruction” of eastern Ukrainian territories occupied by its forces, according to public online job postings and news reports. Since shifting the focus of its invasion eastward following a failed effort to capture Kyiv, Russia has said its main objective is to “liberate” areas…

Nike Says Permanently Exiting Russian Market

Nike will make a complete departure from Russia in the coming months, Reuters reported Thursday, citing an emailed statement from the company. The exit comes nearly four months after the U.S. athletic-wear giant suspended its Russian operations on March 3 following the country’s invasion of Ukraine.  “Nike has made the decision to leave the Russian…