US court backs 1990s Russian oligarchs

The former owners of the defunct oil major Yukos are seeking $50 billion from Moscow A US court has dismissed Russia’s sovereign immunity defense in the high-profile Yukos case and upheld the enforcement of a $50 billion award to the former shareholders of the now-defunct company, RBK business daily reported on Sunday, citing documents.

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Russia-China de-dollarization almost complete – deputy PM

95% of trade between the countries is now settled in their national currencies, according to Andrey Belousov Western currencies have been almost completely phased out in Russia-China trade, as nearly all payments between the countries are now carried out in rubles and yuan, Russian First Deputy Prime Minister Andrey Belousov announced on Monday.

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Ukraine ‘utterly dependent’ on US aid – Treasury secretary

Janet Yellen suggested Russia may attack a “NATO ally” if the US stops funding Kiev’s military and civil society Ukraine is completely reliant on US aid for the functioning of both its military and civil society, US Treasury Secretary Janet Yellen told CNBC on Monday.

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