• Russia is struggling to make $100 million in debt payments because of US sanctions, and Moscow may see its first default in a century

    14 days ago - By Business Insider

    Mikhail Metzel/Sputnik/AFP via Getty Images
    Russia faces roughly $100 million in debt payments with a grace period ending June 26, Bloomberg reports.
    The US allowed a payment exemption to expire in May, which has made it difficult for Moscow to pay American holders of Russian debt.
    "We've done everything we can to lead the horse to water," Russia's finance minister told media.
    Roughly $100 million of coupon payments on Russian debt has not yet arrived in creditors' accounts, Bloomberg reports, with a deadline approaching later this month that could trigger a default. Moscow aims to pay...
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  • Authorities in occupied part of Ukraine say everyone born there is now Russian, a new step to erase Ukrainian identity

    14 days ago - By Business Insider

    Russian soldiers guard Melitopol, the main city of the Zaporizhzhia region of Ukraine, on June 14, 2022 AP
    Children born in Ukraine's occupied Zaporizhzhia will be made Russian citizens, authorities said.
    The move is part of a longer drive to reshape occupied Ukraine to wipe its Ukrainian identity.
    Russia also forced people to use Russian currency and switched the TV signals to Russian ones.
    Children born in an occupied part of Ukraine will no longer be considered Ukrainians at birth, authorities there said. Instead, they will be given Russian citizenship and considered part of the Russian...
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  • US hires new crew to sail a sanctioned Russian oligarch's $325 million superyacht from Fiji to Hawaii, report says

    14 days ago - By Business Insider

    US authorities have said the Amadea yacht belongs to Russian gold tycoon Suleyman Kerimov. Osman Uras and Mikhail Svetlov/Getty Images
    US authorities hired a new crew to sail a Russian gold tycoon's superyacht to Hawaii, per Bloomberg.
    Suleyman Kerimov's yacht is bearing the US flag on its journey to Hawaii, per ship-tracking data.
    Department of Justice said the "process to determine the disposition of the vessel will continue."
    US authorities have hired a new crew to sail a Russian oligarch's luxury yacht from Fiji to Hawaii, Bloomberg first reported. The $325 million vessel, which US...
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