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Ukraine Says Russia's Attacks Are Threatening Energy Security

Ukraine says Russia's attacks threatening energy security

Peoples Bank names new chief financial officer

Peoples Bank named a new chief financial officer after its last CFO left for another job.

Russian billionaire launches fresh appeal of Canadian sanctions listing after wife removed

Andrey Melnichenko argues he built his wealth without the help of the Russian state and is therefore not an ‘oligarch’, something experts say sanctions compliance officials may find difficult to believe

Sanctions for show: Russian oil sales to China, India single main driver of Ukraine invasion

As Western sanctions designed to cripple Russian energy exports barely slow them down, the Kremlin continues to make enough money to keep its war against Ukraine going indefinitely, just by selling oil to China and India. Oil money pays for weapons, ammunition, and high enlistment bonuses that keep the army topped up with 25,000 men per month to replace the 20,000 it loses on average in its war against Ukraine, according to Viktor Kevliuk, a military expert with the Center for Defense Strategies. With steady oil production and much of the Russian economy retooled for total war, this pattern is set to continue, likely resulting in the attrition of Ukraine’s Armed Forces and the country requiring even more weapons from allies over time.