Compass Mining, a provider of crypto mining gear, announced that two of its key executives have resigned. It has also disputed a debt claim by coin miner Dynamics.

A source said the price-per-barrel cap level had not yet been determined, but it would have to be high enough to give Russia an incentive to keep producing oil

China is the second-largest contributor to Russia's import decline since it invaded Ukraine, says a report by the Peterson Institute for International Economics in Washington.

GlobalWafers said the plant, which will make 300-milimetre silicon wafers, will start being built this year and it will generate up to 1,500 jobs in Sherman, Texas

Reliance Industries’ Jamnagar refinery in Gujarat received 27% of its oil from Russia in May, up from 5% in April, according to a report by the Guardian.

Russia has struggled to make payments on $40 billion of outstanding bonds since its invasion of Ukraine, as sanctions have effectively cut the country off from the global financial system

US President Joe Biden and leaders of other G7 nations relaunch newly renamed 'Partnership for Global Infrastructure and Investment'

China and India have been stocking up on Russian oil, but their actions have undermined efforts by the US and Europe to impose sanctions that limit funds to the Kremlin while it wages war in Ukraine

Bank for International Settlements advised that interest rates should be raised "quickly and decisively" to prevent the surge in global inflation turning into a bigger crisis.

China has agreed with the Bank of International Settlements to set up a liquidity arrangement for renminbi/yuan to support to other central banks at times of market fluctuation.

Britain, the United States, Japan and Canada announced a ban on imports of Russian gold, sales of which totalled $15bn last year, at the start of the G7 three-day summit on Sunday

NATO is expected to "harden its stance towards China over its position on Russia's war in Ukraine", a report by the South China Morning Post says