Arkady Volozh tells the FT he will launch artificial intelligence venture Nebius mostly staffed by former Yandex employees
Volodymyr Zelenskyy calls Indian PM’s trip to Russia a ‘devastating blow to peace efforts’
Chair Mervyn Davies urges governments to review policies that are limiting investment group’s ability to do business
Gemcorp’s past activities in Africa appear aligned with the Kremlin’s strategic priorities. Now it has senior Conservatives on the payroll
Italian bank, one of several regional lenders told to speed up exits, says it is seeking clarification
Growing dependence gives Moscow more leverage over European crop production
Musa Bazhaev, who was placed on western sanctions lists, transferred luxury Forte Village to relative in February 2022
First-ever measures against Russia’s gas part of latest restrictions against Moscow
Gold producer says its European lenders are keen to cut ties once they get their money back despite rebrand
Lawyers for sanctions-hit tycoon accuse Swiss bank of triggering investigation
Rise in market share highlights difficulty of weaning the region off Russian energy
Leaders accuse Beijing of ‘enabling’ Ukraine conflict and consider more confrontational stance on its economic policies
Washington’s latest curbs force transactions in dollars or euros off central exchange
Measure will discourage financial institutions in countries such as China from doing business with Moscow
Research ordered by Russian gas group warns it may not recover lost export revenues for more than a decade
Power of Siberia 2 project would offer lifeline to exporter Gazprom as Moscow’s dependence on its neighbour grows
The private sector must play its part in hobbling Putin’s military-industrial complex
Plan to target €42bn of imports could cover food, medicines and nuclear fuel
Ukraine’s allies and western businesses will be told to stop flow of critical components
Measures imposed on Moscow do not halt business but simply redirect it, DMCC chair says
Companies such as Avon Products, Air Liquide and Reckitt remain in country as bureaucratic obstacles to leaving increase
Billionaire Mikhail Fridman demands compensation for sanctions under investor protection treaty
Regulator has requested detailed plans from lenders including Italy’s UniCredit and Austria’s Raiffeisen
Bank ditched asset-swap plan connected to oligarch Oleg Deripaska after letter warning of potential secondary sanctions
The parties had conducted an ‘attempted sanctions evasion scheme’ connected to the Russian oligarch, Washington says
