UniCredit plans to split its Russian business and sell a portion of its assets to a private investor from the UAE by the first half of 2027. The deal remains subject to regulatory approvals and the signing of a binding agreement.

Russia to auction 67.2% stake in Yuzhuralzoloto Group on May 8. The state-seized gold mining assets are valued at over 162 billion rubles, with bidding set to conclude by May 18.

Russia's Federal Agency for State Property Management (Rosimushchestvo) announced an auction to sell a 67.2% stake in the Yuzhuralzoloto Group, following a court order to seize the assets for the state. The auction is scheduled for May 8, with a starting valuation of approximately 162 billion rubles.

Shipping traffic through the Strait of Hormuz has fallen by approximately 95% since the start of U.S. and Israeli military operations against Iran in late February, according to Kpler data.

Shipping traffic through the Strait of Hormuz has declined by approximately 95% since the start of military operations by the U.S. and Israel against Iran on February 28, according to data from Kpler cited by Al Jazeera and CNN.

The Russian Ministry of Defense announces that all Russian military units will fully cease combat operations in the special military operation zone during the declared truce.

The Russian Ministry of Defense announced that all Russian military units will fully cease combat operations in the special military operation zone during the declared truce.

Russia announces a ceasefire effective from 00:00 on May 8 through May 10, according to the Russian Ministry of Defense.

The Russian Ministry of Defense announced a ceasefire effective from 00:00 on May 8 until May 10.