UniCredit begins steps to leave Russia

UniCredit begins steps to leave Russia

Italy’s UniCredit has initiated measures to reduce its presence in Russia, with several top executives leaving and divesting a significant portion of its leasing assets, according to a report by Russian business daily Kommersant. Kirill Zhukov-Emelyanov, who headed UniCredit’s Russian subsidiary for five years and worked at the bank for more than two decades, has…

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Indian refineries move away from Russian oil

Indian refineries move away from Russian oil

Oil prices were little changed in the current week, with bearish sentiment still dominating markets after the United States agreed to a one-year truce in its trade war with China, despite reports that Indian refiners are abandoning Russian oil following fresh US sanctions. Brent crude for December delivery was trading at $65.07 a barrel at…

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Drones, oil and escalation: Ukraine’s deep strikes shock Russia and alter war calculations

Drones, oil and escalation: Ukraine’s deep strikes shock Russia and alter war calculations

KYIV, Ukraine (AP) — At a secret location in rural Ukraine, columns of attack drones gather at night and in near silence to strike deep into Russia. Its objectives are strategic: oil refineries, fuel depots and military logistics centers. Since the summer, Ukraine’s long-range drone campaign has escalated dramatically, hitting energy infrastructure across Russia and…

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Ukraine’s long-range attacks reduced Russia’s oil refining capacity by 20%, says Zelenskyy

Ukraine’s long-range attacks reduced Russia’s oil refining capacity by 20%, says Zelenskyy

kyiv, Ukraine (AP) — Ukraine’s long-range attacks on refineries inside Russia have reduced Moscow’s oil refining capacity by 20%, Ukrainian President Volodymyr Zelenskyy said, citing intelligence from Western governments. According to Zelenskyy, more than 90% of these deep attacks on Russian soil were carried out with Ukrainian-made long-range weapons. He said Ukraine needs additional foreign…

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