China eyes cheap Russian energy – media

China’s top liquefied natural gas (LNG) importers are seeking to purchase additional shipments from sanctions-hit Russia to take advantage of cheap prices, Bloomberg reported on Monday, citing people with knowledge of the matter. The increased purchases are reportedly intended for replenishing storage tanks before prices rise again this summer.

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Prosecutors launch corruption case against Russia’s richest man

With an estimated wealth of $25.2 billion, Andrey Melnichenko tops the country’s Forbes list The Prosecutor General’s Office has filed a lawsuit against Russia’s richest man Andrey Melnichenko alleging corruption, according to documents from the courts in the Siberian city of Krasnoyarsk.

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Russia makes sovereign bond payments

Moscow’s Ministry of Finance says dollar payments on foreign bonds previously stuck by sanctions are progressing Russia has finally managed to make dollar payments on two foreign bonds after sanctions introduced on the country’s financial system over its offensive in Ukraine had been holding transactions up for weeks.

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