LoginWith negotiations on Russia’s proposed natural gas pipeline to China in limbo, Russian President Vladimir Putin hopes to recover lost European business by routing natural gas to Central Asian states and through them to the energy-hungry Chinese market.
Chechnya is among eight Moscow-controlled entities that have been ordered to cut budget deficits or face an end to their subsidies, as the Russian finance ministry deals with the spiraling cost of the war in Ukraine started by Vladimir Putin.
A move to clamp down on ship operators that have helped Russia trade oil despite Western sanctions could lead to a confrontation at sea between the West and Russia and an environmental catastrophe, a geopolitical risk expert has warned.
Russia has decided not to implement partial capital controls following speculation that the extreme measure was being considered to stem the falling ruble, the Russian business newspaper Vedomosti reported.
