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 ›
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 ›
Analysts from JPMorgan have warned, Western sanctions on Russia have significantly increased the likelihood of Moscow defaulting on its dollar- and other international market government debt. Russia has more than $700 million in government bond repayments scheduled for this month…. Read More ›
Executives of Citigroup Inc have warned, the bank faces billions of dollars in losses from its Russian business even as it continues to help some of its 200 staff in Ukraine to leave the country. Towards the end of last year,… Read More ›
In a statement the head of Russia’s space agency said, Moscow will treat any hacking of its satellite systems as a casus belli and a justification for war. Dmitry Rogozin, the head of Roscosmos has denied media reports that Russian… Read More ›
In a statement French Finance Minister Bruno le Maire said, the European Union aims to find ways to ensure that Russia does not use crypto currencies to circumvent EU sanctions. The European Union has fired three salvos of economic sanctions… Read More ›
In a statement the head of the International Atomic Energy Agency (IAEA) said it is slated to visit Tehran on Saturday. The development suggests that this could potentially help pave the way for a revival of Iran’s 2015 nuclear agreement…. Read More ›
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 ›
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 ›
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 ›
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