Russia launched air strikes deeper into Ukraine and called on foreign “volunteers” to join its war on Friday as Moscow stepped up unfounded allegations over chemical weapons threats. With the invasion in its third week, Russian jets hit the central Ukrainian city of Dnipro while rockets pounded Lutsk in the […]
Russia
Putin’s threatened response to companies ditching Russia may cause ‘even more economic pain,’ Psaki warns
Former Minister of National Defense of Poland Radek Sikorski argues the ‘most urgent task’ is to prevent Putin from ‘winning’ Russia-Ukraine war. After Russian President Vladimir Putin floated the idea of nationalizing companies that refuse to do business in Russia over the Ukraine invasion, White House Press Secretary Jen Psaki […]
The rising costs of China’s friendship with Russia
When the Russian invasion of Ukraine started two weeks ago, Jane Yan, a senior executive at a machine parts maker in eastern China, said she was not too worried about the impact. After all, buyers in Russia and Ukraine accounted for less than 5 per cent of the company’s overseas […]
Dunkin’ Donuts is the latest consumer favorite to take stand on Russia
Russia won’t run on Dunkin’ — at least anymore. U.S. multinational coffeehouse Dunkin’ Donuts is the latest consumer favorite to part ways with its business ties to Russia, joining a growing-by-the-minute list of corporations shunning the country in response to President Vladimir Putin’s military invasion of Ukraine. “Dunkin’ has suspended […]
Stocks plunge as Russia ramps up attacks on Ukraine
U.S. stocks fell sharply on Tuesday to mark a bleak first day of March on Wall Street as investors weighed intensifying Russian attacks on Ukraine and the impact of Western sanctions on Moscow. [Click here to read what’s moving markets heading into Wednesday, March 3] The S&P 500 tumbled 1.55% […]
Visa, Mastercard suspend operations in Russia over Ukraine invasion
March 5 (Reuters) – U.S. payments firms Visa Inc (V.N) and Mastercard Inc on Saturday said they were suspending operations in Russia over the invasion of Ukraine, and that they would work with clients and partners to cease all transactions there. Within days, all transactions initiated with Visa cards issued […]
Cryptocurrency prices higher as world governments try to block Russia from using crypto to bypass sanctions
Here are your FOX Business headlines. Cryptocurrency was surging early Tuesday morning with both Bitcoin and Ethereum reporting percentage hikes in double digits and Dogecoin up more than 7.25%. RUBLE LICKS WOUNDS, YEN AND FRANC HOLD FIRM WITH FOCUS SQUARELY ON UKRAINE At 4:30 a.m., Bitcoin was trading at around […]
Crypto exchanges resist calls for ban on Russia transactions
Crypto exchanges are coming under pressure to block transactions with Russia, as western politicians fear that cryptocurrencies provide a back door to move money around the world while they seek to shut Russia out of the global financial system. Trading between the Russian rouble and crypto assets such as bitcoin […]
Explained: Why economic sanctions are likely to be even less effective against Russia in 2022
The two self-proclaimed republics, where Russian backed rebels have been fighting Ukrainian forces and whose independence Moscow recognised Monday, are located in the rust belt in eastern Ukraine and are collectively part of the Donbass region of Ukraine’s eastern periphery. The White House, which described the Russian actions as a […]
Harvard economist and former Obama advisor says Russia is ‘basically a big gas station’ and is otherwise ‘incredibly unimportant’ in the global economy
Russia’s President Vladimir Putin signed decrees to recognize the independence of Donetsk and Luhansk. Moscow ordered troops into these areas on Monday, escalating the prospect of war between Russia and Ukraine.Alexei Nikolsky/TASS via Getty Images Jason Furman said Russia’s economy is “unimportant” other than gas, The New York Times reported. […]