Business
Russian steel producer Severstal has reported a dramatic decline in profitability for the first quarter of 2026, with net profit falling to just 57 million roubles compared to 21.1 billion roubles during the same period in 2025. The company attributed this sharp decrease mainly to weaker domestic steel......
Russian mining and metals company Nornickel has reported that rising global metal prices are helping to offset higher logistics costs and longer delivery times caused by disruptions linked to the ongoing conflict in the Middle East. The company said that shipping routes for its base metals exports have......
Italian banking group UniCredit S.p.A. is reportedly reconsidering its strategy in Russia and may opt to liquidate its local operations rather than proceed with a previously discussed sale, according to media reports citing unnamed sources. The bank, once among the major foreign lenders operating in......
Dutch banking group ING has announced the termination of its agreement to sell its Russian operations, citing regulatory obstacles that made the completion of the deal unlikely. The agreement, initially reached in January 2025 with a Moscow-based buyer, was part of ING’s broader strategy to exit......
Hungarian energy group MOL Group has lodged a complaint with the European Commission regarding the pricing policy of Croatian pipeline operator Jadranski Naftovod. The complaint concerns what the company describes as excessive transportation fees applied to crude oil shipments through the Adriatic pipeline......
The German government has put the country’s units of Russian oil giant Rosneft under a trusteeship to secure long-term oversight of its local assets, the economy ministry announced on Saturday. The move affects Rosneft Deutschland (RDG) and RN Refining & Marketing (RNRM), including a stake......
U.S. Secretary of State Marco Rubio is continuing his European tour with visits to Slovakia and Hungary, two countries led by political figures who maintain close ideological ties with President Donald Trump. The diplomatic trip follows Rubio’s address at the Munich Security Conference, where......
Ukrainian forces have carried out a series of long-range drone strikes targeting a Russian patrol ship and several oil production platforms in the Caspian Sea, marking a significant escalation in Kyiv’s strategy to disrupt Moscow’s energy revenues. According to Ukraine’s General Staff,......
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