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 ›
As per a draft decree, Italy plans on allocating $4.6 billion (4 billion euros) until 2030 towards domestic production of chips as it attempts to attract more investment from tech companies including Intel to invest in its economy. The Italian… 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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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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