As per three sources familiar with the matter at hand, regulators at the European Union have told some banks to scrutinise transactions by all Russian and Belarusian clients, including EU residents, in order to ensure that they are not used… Read More ›
As per a report from the Wall Street Journal, a few U.S. hedge-funds which have investments from Russian oligarch Roman Abramovich have been told to freeze his assets after Britain imposed sanctions on him. Britain has frozen his assets and… Read More ›
As per a news report from Russian agencies, China has refused to supply aircraft spare parts to Russian airlines after Boeing and Airbus halted supply of components to Russia. The Russian aviation sector is being squeezed by Western sanctions following the invasion… Read More ›
On Monday, the central bank of Portugal said, it has instructed lenders to freeze the accounts of entities and people who have been targeted by sanctions. Western countries have moved to isolate Russia and have targeted it’s economy and financial… Read More ›
With VISA and Mastercard deciding to withdraw from Russia following its invasion of Ukraine, the Russia’s central bank said local lenders could look to using China’s UnionPay system. It also went on to add, Russian-issued Mastercard and Visa cards would… Read More ›
On Monday , New Zealand’s government stated, it will introduce legislation to allow it slap a first-of-its-kind sanctions against Russia following its invasion of Ukraine. New Zealand’s Prime Minister Jacinda Ardern said, the sanctions will give the country the ability… 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 ›
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 ›
In a statement Swiss President Ignazio Cassis said, it was “very probable” that Switzerland would follow the European Union (EU) on Monday in sanctioning Russia and freezing Russian assets in the country. In an interview to RTS, Cassis said the… Read More ›
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