Russian banks hobbled by sanctions

UK drugmaker AstraZeneca is in talks to combine with US rival Bristol Myers Squibb, and European governments will hold an online meeting to discuss Spain’s migrant crisis. Plus, wildfires and heatwaves in Europe have already cost more than €3bn this year. Mentioned in this podcas ...  Show more

Amazon reported accelerated cloud growth in the quarter to the end of June, and JPMorgan has walked into another football firestorm as it works on a plan with Fifa. Plus, Citadel bought Situational Awareness equity holdings after the hedge fund suffered steep AI losses, and DR Co ...  Show more

Events over the past week have brought Russia tantalizingly close to its first default on foreign debt since the Bolshevik Revolution more than a century ago. And why Poland's ambassador to the U.S. thinks there's no diplomatic path to end Russia's assault on Ukraine. See pcm.ads ...  Show more

Since Russia launched its full-scale invasion of Ukraine, it has been subject to thousands of sanctions from the West - but despite this, Russia’s economy is thriving. So how is the world’s most sanctioned country getting around them? And what does this tell us about how effectiv ...  Show more

It's been two years since Russia brought war to Ukraine. America, Britain and the European Union may not have intervened by putting boots on the ground—but they have launched a massive financial counteroffensive. Vladimir Putin’s government, his cronies and the businesses profiti ...  Show more

The US and EU are denying a handful of Russian banks access to SWIFT, a key tool in the global financial system. This episode was produced by Miles Bryan, edited by Matt Collette, engineered by Efim Shapiro, fact-checked by Laura Bullard, and hosted by Noel King. Transcript at vo ...  Show more