BREAKING: 1) The @moscow_exchange website is still down & the Russian stock exchange remains closed. The Central Bank orders export led businesses to sell 80% of foreign currencies & bans foreigners from selling Russian securities to try and keep ruble afloat.
6) The @moscow_exchange
website is still down & the Russian stock exchange remains closed on Thursday. The exchange's index has (on a monthly basis) lost over 34% of its value as Russian economy continues to collapse
11) The @moscow_exchange
website is still down & the Russian stock exchange remains closed on Friday as the Russian economy continues to collapse. The value of the #ruble remains below one cent.
12) Yandex may not be able to pay its debts due to #sanctions
17) Moodys has further downgraded Russia's credit rating - to Ca the second lowest on its scale evaluated at 'with likelihood of being near or in default'
21)The @moscow_exchange website is still down & the Russian stock exchange remains closed until at least 8 March - the longest shut down in Russia's modern history
22) The exodus of firms from the collapsing Russian economy continues with major accountancy @PwC , @KPMG and @EYnews all pulling out. The @EYnews press office has described the invasion of Ukraine as “shocking and abhorrent”
High profile law firms including review their relationship with Russia - @LinklatersLLP & @NLawGlobal are closing their Moscow offices & @Freshfields are reviewing their relationship with VTB Bank
28) Since Russia invaded Ukraine over 200 companies have stopped at least some level of trading with Russia - detailed below. Lets hope the last few follow suit.
30) Cryptocurrency exchange #Binance announces that from 9 March transactions initiated with #Visa & #Mastercard cards issued in Russia will be unavailable
31) We are seeing reports that #KFC , #PizzaHut and #TacoBell parent company Yum! Brands has suspended all investment & restaurant development in Russia & will also redirect all profits from operations in Russia to humanitarian efforts
37) @FitchRatings have downgraded Russia to a C rating - meaning they regard a sovereign default to be imminent. The #Russian economy continues to collapse.
THREAD:🧵
Partners in Crime: Russian and Chinese cooperation in drone production and sanction evasion.
Our latest investigation in the series on Russian Drone operations.
The fact Russia uses third parties to avoid sanctions when acquiring drones is not a new phenomenon, however, a pertinent example in this area is the rapid rise of Aero-HIT, a previously obscure Russian drone manufacturer headquartered in Khabarovsk, near the Chinese border.
Aero-HIT has evolved into a key supplier of tactical drones for Russian forces operating in occupied Ukraine. The company secured Russian state funding with ambitious plans to produce 10,000 drones per month in 2025, including sophisticated variants beyond its current models.
Breaking:
Russia's casualty processing disaster.
Facilities geolocated @GeoConfirmed
A thread:🧵
Since the beginning of the Russian invasion of Ukraine in February 2022, the Russian military has suffered enormous losses, far beyond the level initially imagined by the Kremlin. The dreams of a three-day victory, with many soldiers arriving in dress uniform to crowds of celebrating Ukrainians, couldn’t be further from the truth.
In reality, Russian casualties have gone so far beyond the realm of anticipated combat losses, that the running total is almost hard to comprehend. Ukrainian sources indicate that Russian casualties, both dead and wounded, have now surpassed 850,000 - with Russia losing more than 1000 soldiers a day on multiple occasions. In October 2024, the bloodiest month of the invasion so far, Russia averaged over 1500 soldiers killed, per day.