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Kaspersky Lab Developing 'Unhackable' Phone Running Own OS
Kaspersky Lab CEO says the company is working on a smartphone that is impossible to hack, featuring a proprietary operating system and hardware.
Novak: Global Oil Crisis Unprecedented, 12M Bpd Supply Gap Could Lead to Deficit
Russian Deputy Prime Minister Alexander Novak said the current global oil crisis is unprecedented, with roughly 12 million barrels per day not reaching the market. He warned that a deficit could occur within months if the conflict persists, as Gulf producers cannot increase output if key straits remain blocked.
Russia Oil Output Lower on Refinery Repairs; Diesel Export Ban Possible
Russian Deputy Prime Minister Alexander Novak said oil production is below start-of-year levels due to refinery maintenance, but will recover once repairs are completed. He also flagged a potential ban on diesel exports for producers if needed, while noting gasoline price rises remain within inflation.
Russian Lawmaker Says Nabiullina Missed SPIEF Session Due to Objective Reasons
Andrey Makarov, head of the Russian State Duma committee on budget and taxes, stated that Central Bank Governor Elvira Nabiullina had objective reasons for not attending a session at the St. Petersburg International Economic Forum.
Russian Retail Lending Growth to Resume Only After Key Rate Below 10%
Mikhail Alekseev, CEO of the OKB credit bureau, said that active growth in Russian retail lending will not resume until the central bank's key rate drops to single digits, below 10%.
Russian LPG Exports to Asia Surge 1.5x in Jan–Apr 2026
Russia's exports of liquefied petroleum gases (LPG) to Asian countries, including Turkey, rose 1.5 times year-on-year during January–April 2026, according to data.
US House Passes Resolution to Curb Trump's Military Action Against Iran
The US House of Representatives has approved a resolution requiring President Trump to stop military operations against Iran without congressional consent. The bill now moves to the Senate, where a parallel resolution was introduced last month.
US Congress Votes on Tougher Russia Sanctions, 500% Tariffs
A new US bill proposes stricter sanctions on Russia's oil sector, a 500% tariff on Russian imports, and increased military aid to Ukraine.
Russian Energy Sector Fails to Agree on Rosseti Investment Deficit
After a year of discussions, Russian energy market participants have not reached a consensus on closing the deficit in Rosseti's investment program, which exceeds 1 trillion rubles through 2032. Most favor raising the transmission tariff, but the Ministry of Economy opposes.
US House Votes to Restrict Trump’s Iran War Powers
The US House of Representatives passed a measure 215-208 to limit President Trump’s ability to engage in military action against Iran without congressional approval, with four Republicans crossing party lines.
SpaceX Files for Largest IPO in History at $135 Per Share
SpaceX plans to sell approximately 555.6 million shares at $135 each in its upcoming IPO, potentially raising $75 billion and valuing the company at $1.77 trillion, according to SEC filings.
Trump says US close to signing Iran deal, may take uranium soon
President Trump stated that the US is close to signing documents with Iran, possibly within 2-3 weeks or even this weekend, while emphasizing the unpredictable nature of the situation.
Russia Has IPO Pipeline of About 20 Companies, Deputy Finance Minister Says
Russia has a pool of around 20 companies ready for IPOs, many of them tech firms, according to Deputy Finance Minister Ivan Chebeskov at the St. Petersburg International Economic Forum.
Retail Investments on Moscow Exchange Rise 25% in May 2026
Individual investments in securities on the Moscow Exchange reached 195.2 billion rubles in May 2026, up 25% year-on-year, with bonds and mutual funds seeing strong growth.
Sber Exec Compares AI Arms Race to WWI Machine Gun Ban That Failed
Alexander Vedyakhin, first deputy chairman of Sber, warned that international efforts to regulate military AI could fail, comparing them to the failed ban on machine guns in World War I.
Rubio Sees No Prospects for Ukraine Agreement, Sides Unyielding
US Secretary of State Marco Rubio stated he sees no path to a Ukraine agreement as neither side is ready to make necessary concessions, adding that the war with Iran has not disrupted US arms supplies to Ukraine.
Russian Stocks Not Cheap Due to Geopolitical Risk: Moscow Exchange Chair
Sergey Shvetsov, head of the Moscow Exchange supervisory board, said Russian stocks are not cheap today due to persistent geopolitical risk, but will become very cheap once those risks dissipate and foreign investors return.
Russia's Manturov Sets Goals for New United Microelectronics Corp
Russian Deputy Prime Minister Denis Manturov outlined the objectives of the newly formed United Microelectronics Corporation 'Element', focusing on resource consolidation, full-cycle production, and workforce development to achieve technological sovereignty.
Aave CEO: Every Bank Is Now Involved in DeFi; BlackRock CEO Calls It a Trillion-Dollar Revolution
Aave's CEO says all banks are engaged in DeFi, while BlackRock's CEO calls DeFi and tokenization a revolution for trillions in investments. The World Economic Forum urged adoption in 2024, and BIS has been studying the tech since 2021.
Sberbank First Deputy Chair: Key Rate Must Be at Least 10% to Match Real Rate
Alexander Vedyakhin, first deputy chairman of Sberbank, stated that Russia's key rate should be at least 10% to align with the real rate for enterprises and stimulate lending.
Iran warns US against overstepping in talks or ceasefire
Mohsen Rezai, former IRGC commander and current military adviser to Iran's Supreme Leader, warned that Iran will not allow the US to overstep in negotiations or ceasefire processes, threatening a barrage of missiles and drones in response to any aggression.
St. Petersburg International Economic Forum 2026 to Host US Delegation for First Time Since 2018
The 2026 St. Petersburg International Economic Forum (SPIEF) will take place June 3-6, with over 20,000 participants from more than 130 countries. A US delegation led by Rodney Cook is expected to attend for the first time since 2018.
Russian Minister Manturov Hails Gold Miners’ Entry into Rare Earths
Russia’s industry minister says the growing participation of gold-mining companies in rare and rare-earth metal projects is a positive trend.
Cliffwater Private Credit Fund Sees 17% Redemption Requests, Limits Withdrawals
Cliffwater Private Credit Fund, with $33 billion in assets, faced a 17% redemption request rate, prompting it to limit withdrawals as record outflows resumed.