Russia finances hit by cheaper oil and costs of Ukraine war

London CNN Business — There are new signs of strain in the Russian economy as energy prices fall and nearly seven months of war in Ukraine prove costly seven months. Russia’s budget surplus all but disappeared over the summer, according to data published by the Russian finance ministry this week. At the end of June, … Read more

Premarket stocks: Ukraine’s victories are exciting Wall Street. The boost could soon fade

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. London CNN Business — In the past week, Ukrainian troops have dealt a huge blow to Russia’s … Read more

Revealed: How Russia’s security service preys on young activists to turn them into informants

Amsterdam, The Netherlands CNN — Mikhail Sokolov knows Russian agents might be watching him. He says he spied on his own colleagues for Moscow for years. Now he says he is seeking asylum in the Netherlands, as he walks warily around the canals of Amsterdam, telling CNN about his recruitment as an informant, his betrayal … Read more

Ravil Maganov: Lukoil chairman dies after falling from a Moscow hospital window

Moscow/London CNN Business — The chairman of Russian oil and gas giant Lukoil has died after falling out of the window of a hospital in Moscow, according to Russian state media. “The man fell out of the sixth-floor window and died as a result of his injuries,” a source told TASS. Lukoil confirmed the death … Read more

UN says similar numbers of refugees are fleeing Venezuela as war torn Ukraine

CNN — More than 6 million Venezuelans have fled their country amid deteriorating conditions, matching Ukraine in the number of displaced people and surpassing Syria, according to the United Nations. The refugee crisis in Venezuela is striking because there is not a war in the country like Ukraine, where ongoing conflict has pushed people out … Read more

Gorbachev’s moral authority did little to stop Putin

CNN — It’s hard to sift history’s judgment from the hot takes, and Russian President Vladimir Putin’s telegram of condolence on the death of former Soviet leader Mikhail Gorbachev does little to help. “He led our country during a period of complex, dramatic changes, large-scale foreign policy, and economic and social challenges,” the statement read. … Read more

Forty years on, Hezbollah is isolated but more powerful than ever

Editor’s Note: A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. Abu Dhabi, UAE CNN — Hezbollah capped off the 40th anniversary of its founding on Monday with large-scale celebrations on a stage in southern Beirut that featured … Read more

JPMorgan forces sale of Russian oligarch’s megayacht

A $75-million superyacht linked to a sanctioned Russian steel billionaire was auctioned on Tuesday in Gibraltar, court sources said, in what is understood to be the first sale of its kind since Russia invaded Ukraine in February. The Axiom was impounded by the Gibraltar authorities in March after JPMorgan said its alleged owner Dmitry Pumpyansky … Read more

Car bombs and confusion: Dugina killing is a flashback to 1990s Russia

CNN — The death of Darya Dugina, the daughter of Russian ultranationalist firebrand Alexander Dugin, is at first glance a flashback to 1990s Russia, when gangsters settled scores with contract killings and car bombs. Dugin is a creature of the same decade. He emerged from fringe politics, most notably as a founding member of the … Read more

‘New normal’ across the Taiwan Strait as China threat looms ever closer

Editor’s Note: A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here. CNN — China is attempting to establish a “new normal” across the Taiwan Strait, eroding self-ruled Taiwan’s territorial control … Read more