Author Archives
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ETF Trading In Russia Is Similar To Meme Stock Fever
The damaged shares of Van Eck’s Russia ETF have experienced a surge of trading activity as investors seek techniques to benefit from market wild swings induced by the Ukraine conflict, evoking comparisons to last year’s so-called meme stock frenzy. Since… Read More ›
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Fitch, And Moody’s Have Both Downgraded Russia’s Sovereign Rating To Junk
Fitch and Moody’s reduced Russia’s sovereign ratings to “junk” level, a six-notch fall, citing Western sanctions that have questioned the country’s ability to service debt and weakened the economy. Russia’s financial institutions have been thrown into disorder as a result… Read More ›
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Ukraine Government Raises $270 Million Through Sale Of War Bonds To Fund Its Fight Against Russia
The government of Ukraine has generated up to 8.14 billion Ukrainian hryvnia ($270 million) through selling war bonds, according to the ministry. The bonds will have an 11 percent yield and a one-year maturity, according to a tweet from the… Read More ›
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Russian Users Who Have Been Sanctioned Blocked By Cryptocurrency Exchange Bianance
After Ukraine asked for a restriction on Russian users at key digital currency platforms, crypto exchange Binance told Reuters on Monday said that it was freezing the accounts of any Russian clients that have been targeted by sanctions, but it would not freeze… Read More ›
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Western Sanctions On Russia Won’t Be Offset By Its Trade With China, Says The US
According to the White House, China’s commerce with Russia is insufficient to counterbalance the impact of US and European sanctions on Moscow. In the hours following Russia’s invasion of Ukraine on Thursday, the United States, United Kingdom, and European Union… Read More ›
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Taiwan Claims Its Semiconductor Makers Are Following Russia’s Export Regulations
Taiwanese companies that manufacture semiconductor chips are keeping up with the export controls imposed by the government to Russia. According to the Economy Ministry of Taiwan on Sunday, these controls were put in place as a part of Taiwan’s sanctions… Read More ›
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Russian Planes Subjected To A Near-Total Airspace Prohibition To The West
Following an EU’s announcement that most European nations will implement flight bans, Russian airlines face a near-total airspace blockade to the country’s west. On Sunday, a formal decision on the measure is likely. European countries, one by one, announced that… Read More ›
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Despite The Ukraine Crisis, Airbus CEO Says Transatlantic Flights And Europe Tourism Will Expand Post-Covid
Airlines are now trying to assess the future and fate of air travel in Europe given the crisis in Ukraine. This crisis is hardly what airlines wanted as it comes as another stumbling block for the European airline industry wihch is… Read More ›
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China Eases Restrictions For Importing Of Russian Wheat
China has eased limits on Russian wheat imports, potentially alleviating food security worries in the world’s second largest economy while also reducing the impact of Western sanctions on Russia. The decision to allow wheat imports from all areas of Russia… Read More ›
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Crypto Exchange BitMEX Founders Accept Guilt Of Violation Of Bank Secrecy Act
The founders of cryptocurrency exchange BitMEX pled guilty to violating the Bank Secrecy Act by failing to develop an anti-money laundering programme, according to the United States Attorney’s Office in Manhattan. According to the U.S. Attorney’s office, Arthur Hayes and… Read More ›
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