The price cap on Russian oil introduced by the G7 and EU is being completely ignored, as almost no seaborne crude cargos have been traded below the $60-a-barrel limit, the Financial Times reported on Tuesday, citing Western officials and Russian export data.

The ruble has been bolstered by a recent key rate hike and increased sales of foreign earnings by exporters The Russian ruble continued to strengthen against major currencies on Tuesday, surging to a five-month high, trading data from the Moscow Exchange (MOEX) showed.

New legislation aims to protect permanent residents in apartment blocks from discomfort caused by constant tenant turnover Russian apartment owners may soon have to get permission from their neighbors before renting out their property on a per-day basis, according to a new bill being debated by the country’s lawmakers.