In the early hours of Thursday, Russian President Vladimir Putin authorised a special military operation in Ukraine’s Donbass region demanding the Ukrainian military to lay down arms and to go home. In a special televised address on Russian state TV,… Read More ›
Economy & Finance
The West Is Imposing Sanctions, Russia Shifting Trade Towards China
If there is any escalation or military activity in Ukraine by Russia, the United States will impose a much broader range of sanctions against Moscow, with the goal of preventing critical Russian financial institutions and companies from using the US dollar for transactions, as… Read More ›
EU Regulations Target Illicit Data Transfers To Non-EU Countries
According to proposed legislation from the European Commission, Amazon, Microsoft, and other cloud and data processing service providers would be required to include measures to prevent non-EU governments from getting unauthorised access to EU data. The Data Act, which was… Read More ›
Western sanctions on Russia have minimal impact on Russian economy
Even as the European Union, the United States, and Britain announce new sanctions on Russia following Moscow’s move to recognize two breakaway provinces in Ukraine as independent entities, their primary target appears to be the ability of Russian banks to… Read More ›
Russia ratifies treaties of friendship with two Ukrainian breakaway republics
In a statement the Kremlin said, Russian President Vladimir Putin has ratified treaties of friendship with two Ukrainian breakaway republics. The move will now allow Moscow to deploy troops, build military bases, and boost economic integration. The development comes midst… Read More ›
Britain sanctions five Russian banks, 3 Russian billionaires
Britain has imposed sanctions on Russian billionaires including Gennady Timchenko who have close links with Vladimir Putin. The move comes after Russian President Vladimir Putin ordered troops to deploy in the two breakaway regions of eastern Ukraine following their claims… Read More ›
Japan imposes sanctions against Japan
On Wednesday, Japanese Prime Minister Fumio Kishida announced sanctions against Russia over its actions in Ukraine, saying Moscow’s moves are unacceptable violation of Ukrainian sovereignty and international law. Japan’s sanctions include prohibiting the issuance of Russian bonds in Japan and… Read More ›
Canada announces first round of economic sanctions against Russia
In a statement Canadian Prime Minister Justin Trudeau announced the country’s first round of economic sanctions on Russia after Moscow recognised the separatist regions of Donetsk and Luhansk in Ukraine as being independent. In 2014, Russian-backed separatists in Donetsk and… Read More ›
Oil Prices Move Up On Supply Fears Emerging From Ukraine-Russia Tensions
Fears that the Ukraine-Russia crisis would impair global supplies are driving up oil and gas prices. On Tuesday, the price of Brent oil, a global benchmark, hit a seven-year high of $99.38 a barrel. After recognizing two rebel-held territories in… Read More ›
Women Now Hold About 40% Of Board Seats In UK FTSE 100 Companies
According to a government-backed analysis, women currently hold nearly 40 per cent of board posts at the UK’s largest companies. According to the FTSE Women Leaders Review, 414 women served on the boards of FTSE 100 companies last year, up… Read More ›