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Russian ex-Defense Ministry official suspected of embezzling $5.8 million
10:50 AM

Russian ex-Defense Ministry official suspected of embezzling $5.8 million.

According to the charges, Vladimir Shishov embezzled 600 million rubles with the help of other businessmen, such as second defendant Dmitry Levchenko, manager of RNGS Capital. Shishov was arrested on suspicion of fraud in October 2023. The embezzled money was allocated for a "special infrastructure project."

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7:17 PM

Russia's crude exports fall to lowest level since February.

Seaborne crude flows averaged 3.12 million barrels a day over the four weeks to July 6, a 3% decline from the previous period ending June 29, according to tanker-tracking data compiled by Bloomberg. That's the lowest level recorded since the four-week period ending Feb. 23.
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