Russian mining giant Nornickel's first-half profit slumps on weak prices | Reuters
Nornickel reported a first-half profit on Friday that fell 22%, hurt by weak nickel prices, while the Russian miner also grappled with logistical difficulties and issues related to cross-border payments.
Russian companies have reported delays and cancellations of payments for goods with major trading partners such as China, as local banks strengthen their compliance efforts under pressure from Western regulators.