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Russia’s banking sector lost 1.5 trillion rubles ($24.8 billion) in the first half of 2022, a top Central Bank official said Friday.
This is the first time the Central Bank has disclosed financial results since Moscow invaded Ukraine in February.
“The loss-making banks lost 1.9 trillion rubles and profit-making banks made 400 billion rubles,” Dmi
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Read more: Russian Banks Post Record $25Bln First Half Loss
Write comment (99 Comments)One hundred Russians have been accused or convicted under Russia’s draconian wartime censorship law on spreading "false information," according to leading human rights lawyer Pavel Chikov.
Those convicted under the so-called "war fakes" law face up to 15 years in prison.
Two people have so far been sentenced to prison terms and 28 people accused
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Read more: Russia Hits 100 ‘War Fake’ Case Milestone
Write comment (99 Comments)China’s UnionPay paymentsystem has stopped accepting cards issued by Russian banks under Western sanctions over fears of penalties, the RBC news websitereported Friday, citing financial industry sources.
Demand for UnionPay cards in Russia surged following Visa and Mastercard’s exit in the wake of the invasion of Ukraine.
A number of major Russian
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Read more: China’s Visa Alternative Cuts Off Russian Banks Over Sanctions – RBC
Write comment (94 Comments)Alexei Kovalev wasfound Sunday shot to death in his home in the Russian-occupied Ukrainian town of Hola Prystan.
Nearby lay his girlfriend, reportedly badly injured with stab wounds to her neck, and a Mossberg pump-action shotgun.
Prior to Russia’s attack on Ukraine in February, Kovalev was a deputy in the Ukrainian parliament and a member of P
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Read more: Assassinations Of Russia-Installed Officials On the Rise in Occupied Ukraine
Write comment (96 Comments)UN inspectors arrived at a Russian-held nuclear plant in southern Ukraine Thursday despite an early shelling attack, as the ICRC warned the consequences of a strike on the facility could be "catastrophic".
After crossing the frontline into Russian-held territory, the 14-strong team from the International Atomic Energy Agency (IAEA) reached the
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Read more: On Risky Mission, UN Team Reaches Ukraine Nuclear Plant
Write comment (93 Comments)Russia has lost more than 900 special forces soldiers, paratroopers, marines and pilots in over six months of war in Ukraine, the BBC’s Russian service reported Thursday citing publicly available data.
The deaths of such soldiers are particularly problematic for the Russian Armed Forces because they are very costly to replace.
At least 337 marines
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Read more: Russia Lost 900 ‘Elite’ Soldiers in Ukraine Fighting — Report
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