Luxury British Jeweler Pays $7.5 Million in Crypto Ransom to Russian Hackers

Luxury British jeweler Graff Diamonds Corp. paid $7.5 million ransom in Bitcoin to a Russian hacking gang after it leaked data on the jeweler’s high-profile clients, according to a London lawsuit. Graff, that counts Middle East royalty among its client base, sued its insurer for losses over the extortion saying that the payment should be … Read more

Ukraine war: India, China buy Russian oil and gas worth $24 bn in 3 months

Russia has pocketed $24 billion from selling energy to China and India in just three months following its invasion of Ukraine, showing how higher global prices are limiting efforts by the US and Europe to punish President Vladimir Putin. China spent $18.9 billion on Russian oil, gas and coal … Read more

Italian Court Turns Down Request to Lift Freeze on Russian Businessman’s Yacht

ROME – An Italian court has thrown out requests to unfreeze billionaire Alexey Mordashov’s yacht which was seized by the police as part of a drive by Western states to target wealthy Russians after the invasion of Ukraine. Mordashov’s 65 meter (215 ft) Lady M yacht, which has a price tag of 65 million euros … Read more

Shipowners That Still Transport Russian Crude Are Reaping Big Rewards

A handful of shipowners still willing to transport Russian crude are reaping big rewards on at least one route as others shun the trade. Shippers can earn around $1.6 million hauling Russian ESPO oil on a small tanker from the eastern port of Kozmino to China, said shipbrokers. That’s around triple the amount prior to … Read more

Blasts kill 3 in Russian border city, Ukraine hits base in the south

Breadcrumb Trail Links PMN Business Author of the article: Reuters Pavel Polityuk and Simon Lewis and Nick Starkov Publishing date: Jul 03, 2022  •  50 minutes ago  •  4 minute read  •  Join the conversation Article content KYIV/KONSTYANTYNIVKA — At least three people were killed and dozens of homes damaged by blasts in the Russian city … Read more

Mitsui OSK chief says Japan has no choice but to buy Russian gas

Japan will have to continue importing Russian liquefied natural gas because of soaring energy prices and limited prospects of rebooting nuclear plants, according to the head of one of Asia’s biggest shipping conglomerates. Mitsui OSK Lines president and chief executive Takeshi Hashimoto said the country lacked viable alternatives to Russian LNG, which it buys relatively … Read more

Blasts kill three in Russian city near Ukraine border

Breadcrumb Trail Links PMN Business Author of the article: Reuters Pavel Polityuk and Simon Lewis and Nick Starkov Publishing date: Jul 03, 2022  •  50 minutes ago  •  4 minute read  •  Join the conversation Article content KYIV/KONSTYANTYNIVKA — At least three people were killed and dozens of homes damaged in the Russian city of Belgorod … Read more

Russian missile strikes near Ukraine’s Odesa kill 21

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Jul 01, 2022  •  34 minutes ago  •  4 minute read  •  Join the conversation Article content SERHIIVKA — Russia flattened part of an apartment building while residents slept on Friday in missile attacks near Ukraine’s port of Odesa that authorities said killed at least … Read more

JPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian Cut

(Bloomberg) — Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts warned. Most Read from Bloomberg The Group of Seven nations are hammering out a complicated mechanism to cap the price fetched by Russian oil in a … Read more