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Russian sanctions

Despite EU crypto sanctions, Russians are still using digital currencies

by Levi Bridges
Sep 25, 2023
Crypto sanctions have caused headaches for many anti-war Russians who fled abroad, but crypto use within Russia is still common.
The goal of the the European Union's crypto restrictions is to stop sanctioned Russians from finding loopholes to move money out of Russia.
Matt Cardy/Getty Images
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The Saudis are buying up Russian diesel — and selling more of the stuff they produce themselves

by Lily Jamali
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
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A Year of War

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

by Stephen Beard
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
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Sanctions and strong ruble challenge Russia's crypto mining industry

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

by Lily Jamali
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
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Global pharma industry weighs Russian operations

by Lily Jamali
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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