According to two sources familiar with the matter at hand, the U.S. nuclear power industry is lobbying the White House to continue the import of uranium from Russia despite sanctions saying cheap supplies of the fuel is key to keeping… Read More ›
Economy & Finance
Russian ruble races past 112 to the dollar
On Wednesday, the Russian rouble weakened further and slipped past 100 to the dollar, heading to record lows. Stock market in Russia continue to be closed. The Russian economy has come under the full weight of Western sanctions following the… Read More ›
Russia’s biggest lender Sberbank closes EU operations
In a statement on Wednesday, Russia’s biggest lender Sberbank said, it was exiting from almost all European markets following threats to its staff, property and large cash outflows. The development comes in the wake of the bank reporting a record annual… Read More ›
Sanctions against Russia fueling growth of de-dollarisation, SWIFT alternatives
With Western countries tightening the noose on Russia over its invasion of Ukraine, Moscow’s allies in the emerging markets have begun exploring channels for trade and finance. Members of the erstwhile BRICs group, Brazil, India and China, are treading cautiously… Read More ›
EU plans virtual summit with China on April 1
In a statement the Vice-President and EU trade chief Valdis Dombrovskis said, on April 1, the European Union will hold a summit with China in an attempt to diffuse growing tensions between the two. “We know we are in a… Read More ›
Western companies largely exiting from Russian market midst sanctions
The number of Western companies looking to exit from Russia is growing with energy giants BP, Shell, HSBC and the world’s biggest aircraft leasing firm AerCap joining the list. Following Russia’s invasion of Ukraine, Western countries have slapped punitive economic… Read More ›
EU aims to link energy grid with Ukraine
Energy ministers from European Union countries have agreed to urgently link their power system to Ukraine’s grid. The move would increase Europe’s energy independence from Russia following Russia’s invasion of Ukraine. The invasion by Russia, Europe’s top gas supplier, has… Read More ›
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 ›
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 ›
Russia central bank blocks foreign entities and individuals to sell Russian securities
The Russian central bank has ordered professional stock market participants to suspend the execution of all orders by foreign legal entities and individuals to sell Russian securities from Monday morning. The order was published by ACI Russia, the national organisation… Read More ›
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