In a statement German Finance Minister Christian Lindner said, it was impossible to say how much it would cost to rebuild Ukraine. “The Ukrainian side doesn’t talk a lot about reconstruction. The priority is stopping the war, the priority is… Read More ›
finance minister
Sri Lanka in early debt refinancing talks with China
On Tuesday, a spokesman for Sri Lanka’s cabinet said, Sri Lanka has started negotiations with China on refinancing its debt as it struggles to manage its worst financial crisis in decades. “Now since the IMF is willing engage with Sri… Read More ›
EU embargo on Russian oil being prepared: French Finance Minister
On Tuesday, French Finance Minister Bruno Le Maire said, an embargo on Russian oil at a European Union level was in the pipeline. “I hope that in the weeks to come we will convince our European partners to stop importing… Read More ›
Sri Lanka approaches IMF & World Bank for bridging loans
On Tuesday, in a statement Sri Lanka’s Finance Minister said, Sri Lanka has approached the International Monetary Fund (IMF) for rapid financial assistance. The island nation has been embroiled in a deep financial crisis midst allegation of gross mismanagement of… Read More ›
Moscow will take legal steps if forced to default on sovereign debt payments: Finance Minister
On Monday, in a significant development, Russian Finance Minister Anton Siluanov said, Moscow will initiate legal steps if the United States tries to force it to default on its sovereign debt. “Of course we will sue, because we have taken… Read More ›
EU will make sure Russia does not use crypto assets to circumvent sanctions: French Finance Minister
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 ›
Ready to join US led sanctions on Russia: Japan
On Tuesday, Japan said it is ready to join the United States and allied nations in imposing economic sanctions against Russia, in the event Russia President Vladimir Putin orders an invasion of Ukraine, The statement from Japan, the world’s third… Read More ›
Germany will offer tax relief to companies and individuals worth $34.1 billion from 2023
In a statement Germany’s new Finance Minister said, the government will offer tax relief to individuals and companies worth $34.1 billion (30 billion euros) in this legislative period. “We will relieve people and small and medium-sized businesses by significantly more… Read More ›
British Finance Minister Rishi Sunak accepts calls to review Britain’s financial regulations
Following the collapse of the Greensill Capital, British finance minister Rishi Sunak has ordered two immediate reviews of the country’s financial regulation. On Friday, in a letter to a parliamentary committee Sunak said he had accepted its call for reform… Read More ›
UK should flip business tax on its head: Confederation of British Industry
In a statement the Confederation of British Industry has urged British finance minister Rishi Sunak to not raise taxes and instead offer assistance to meet challenges stemming from COVID-19, climate change and Brexit. Sunak is scheduled to make major budget… Read More ›