Donald Trump’s tariff war adds pressure to Russian economy
Hedge funds and brokers eye the country’s corporate bonds and the rouble
American companies shouldn’t assume that a thaw in US ties with Moscow will make doing business there easier
Also in this newsletter: Germany’s Left gets a boost ahead of Sunday’s vote
How long can Russia fund a war in Ukraine?
Currency jumps almost 3% against US dollar over growing hopes of end to Ukraine war
Report offers rare insight into how Moscow sees invasion of Ukraine harming ties with close allies
The financial underpinnings look increasingly fragile
It would still be very disruptive to try to embargo Russian oil from the world markets altogether
Wealthy customers hit with hefty charges as importers forced to take longer routes
Vladimir Putin’s envoy says more than 10 units are being built in countries such as China, Iran and Turkey
Central bank holds interest rate at 21%
Pressure on currency set to continue as curbs against lenders such as Gazprombank hit export payments
Move in effect bans state-owned bank from global financial system in blow to payments for Moscow’s war effort
Lack of open ownership records complicate efforts to find out who is involved in the trade
Rampant inflation of staple food prices is linked to soaring defence spending
Behind the headline numbers, the resource constraints are evident
Next year’s budget signals Kremlin’s readiness to fight a long war in Ukraine
Fund’s executive director for Russia suggests decision was prompted by pressure from European countries
US sanctions appear to be deterring buyers, satellite images and ship-tracking data suggest
Files outline Moscow’s plan to spend rupees from oil sales on sensitive electronics for war effort
Worsening labour shortages and western sanctions are crimping production
Arctic LNG 2 project in Russia’s high north has so far been unable to export liquefied natural gas
Kremlin has not been stopped in its tracks — but it does have sand in its gears
Poor regions such as Chuvashia experience a boom as Soviet factories are fired up again for the military
