French tire group Michelin said Tuesday it plans to transfer its activities in Russia to local management, the latest foreign firm to exit the country following Moscow's invasion of Ukraine.

Hundreds of Western companies ranging from furniture store IKEA to fast-food chain McDonald's and sports retailer Nike have left Russia since the war erupted

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Moody's ratings agency has confirmed that Russia defaulted on foreign debt for the first time in a century after bondholders did not receive $100 million in interest payments.

“Missed coupon payment constitutes a default,” Moody’s said in a statement late Monday. 

Bloomberg had earlier reported that Russia has defaulted on its foreign debt after the

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Russian aviation authorities are preventing jobless pilots from finding work with foreign airlines, the Kommersant business daily reported Tuesday, citing five unnamed industry sources. 

Airlines started laying off Russian pilots in the spring after most international flights were grounded due to the risk of aircraft seizures in line with Western

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A Russian missile strike on a crowded mall in central Ukraine killed at least 18 people in what Group of Seven leaders branded "a war crime" at a meeting in Germany where they looked to step up sanctions on Moscow.

The leaders vowed that Russian President Vladimir Putin and those responsible would be held to account for Monday's strike in the city

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Moscow opposition politician Ilya Yashin has been sentenced to jail a month after being found guilty of “discrediting” the Russian military.

Independent journalist Irina Babloyan said she and Yashin were on a walk at a park in central Moscow’s Khamovniki district late Monday evening when police officers detained him and took him in an unknown d

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A Russian missile strike on a crowded mall in the central Ukrainian city of Kremenchuk on Monday has killed at least 18 people, Ukrainian authorities said, amid global outrage toward the attack.

Video footage shows plumes of black smoke rising from the burning shopping center in the industrial city of Kremenchuk as dozens of rescuers rush around

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