Russia News

Russian Hackers Also Focused on US and NATO Since Invasion

Russia is expanding its espionage and influence operations against Ukraine and its allies, including malicious cyber activity that requires a coordinated, robust response, Microsoft Corp said in a report published Wednesday. Russia has deployed a three-pronged strategy of coordinated military, …

AIG Looks at Cutting Insurance for Russia, Ukraine

AIG, one of the world’s biggest commercial insurers, is considering cutting cover for Russia and Ukraine, to shield itself from the risk of hefty claims as sanctions ratchet up and the war drags on, an insurance broker and a source …

Johnson & Johnson to Suspend Supply of Personal Care Products to Russia

Johnson & Johnson said on Tuesday it would halt sale of personal care products in Russia, joining other companies that have limited their business in the country in response to its invasion of Ukraine. J&J said it would continue to …

Biden’s Russia Cyber Warning Befuddles Ill-Prepared Businesses

A day after U.S. President Joe Biden issued a stark warning that a Russian cyberattack “is coming,” members of his administration hosted a three-hour call with about 13,000 people representing businesses, public agencies and other organizations to discuss the potential …

Kremlin Dismisses U.S. Warning of Potential Russian Cyber Attacks

The Kremlin on Tuesday rejected U.S. warnings that it may be preparing to conduct cyber attacks in response to Western sanctions, and said it did not engage in “banditry.” U.S. President Joe Biden on Monday told businesses to do more …

Biden Sees Risk of Russian Cyberattack on U.S. as Sanctions Bite

President Joe Biden warned Monday about new indications of possible Russian cyberattacks, pumping up the volume on weeks of growing concern about a possible Kremlin-ordered response to crushing sanctions over the invasion of Ukraine. Biden reiterated those warnings, prompted by …

Western Companies Wrestle With Russia ‘Half-Exits’

Western companies that maintain a presence in Russia to provide essential goods such as food and medicines are trying to strike a balance between President Vladimir Putin’s government and advocates of Ukraine pulling them in opposite directions. More than 400 …

As Law Firms Push to Drop Russian Clients, Some Say Not So Fast

Plaintiffs are decrying potential delays involved in law firms ditching sanctioned clients mid-litigation Leaving clients in court is ultimately up to a judge, and timing matters Several major law firms have said they will stop working for sanctioned Russian companies …

California Commissioner Wants Insurers to Withdraw Russian Financial Support

California Insurance Commissioner Ricardo Lara on Monday issued a notice to all insurance companies doing business in the state to review their financial holdings and take immediate steps to identify and divest from any direct investments in Russian assets or …

AM Best Raises Country Risk Level for Russia

The insurance rating firm AM Best said it has moved its country risk tier for Russia to a CRT-5 from a CRT-4 to reflect the “significantly heightened geopolitical, economic and financial system risk” in the country. Sanctions against Russia have …