Wall Street’s main benchmarks attempted a comeback into Tuesday’s close but turned lower as investors weighed an announcement by President Joe Biden that the U.S. will ban Russian imports of oil and energy, stoking worries the move could raise gas prices further and worsen inflation. [Click here to read what’s […]
Russian
Kremlin says Russian economy in ‘shock’ after sanctions
The Kremlin on Thursday said Russia’s economy was experiencing a “shock,” after the U.S. and its allies imposed sanctions on the country. The Russian government said that efforts are being made to minimize the impact of crippling economic sanctions imposed on Moscow. “Our economy is experiencing a shock impact now […]
Deutsche Bank’s key Russian IT unit hangs in the balance
Deutsche Bank is bracing itself for the loss of a quarter of its investment bank IT specialists as sanctions against Russia threaten to cut off its key software technology centres in Moscow and St Petersburg. The German lender employs 1,500 people in its Russian technology centre (RTC), who are responsible […]
Russian oil has Europe in ‘stranglehold’: Bill Browder
The sanctions regime slapped on Russia by the US and its allies continues to feature one glaring omission: an embargo on oil and gas, which accounts for nearly half of Russia’s export revenue. When asked on Wednesday about sanctioning Russian oil exports, President Joe Biden said, “Nothing is off the […]
Russian invasion of Ukraine complicates global climate agenda
Soaring energy prices driven by Russia’s invasion of Ukraine, and the potential for disruptions in Russian oil and natural gas deliveries are threatening to derail the global transition away from fossil fuels, just three months after world leaders vowed to take aggressive climate action in Glasgow. Global oil prices surged […]
West to impose sanctions on Russian central bank and cut some lenders from Swift
The US and western allies will place sanctions on Russia’s central bank and remove some of the country’s lenders from the Swift global financial messaging system, in their harshest response yet to the invasion of Ukraine. In a joint statement on Saturday, the US, UK, Canada, France, Germany, Italy and […]
Stocks stage massive comeback after Russian attack on Ukraine roils global markets
U.S. stocks staged a massive reversal Thursday after Wall Street’s main benchmarks each plunged more than 2% in early trading as Russia’s military invasion of Ukraine roiled financial markets around the globe. [Click here to read how stocks are trading heading into Friday, February 25] The Nasdaq Composite rebounded from […]
Germany warns of Russian gas retaliation if war breaks out
Germany fears Russia could retaliate against western sanctions in the event of war with Ukraine by cutting off gas supplies, its finance minister has said, a move that could cripple Europe’s largest economy. Christian Lindner told the Financial Times that Russia had always been a reliable supplier of natural gas […]
Crypto, Stocks Fall After White House Alleges Russian Plot to Stage Attack
Tension between Russia and NATO member have continued to build as US alleges Russia is planning a staged attack to provoke invasion The European Central Bank has released its monetary policy plans revealing it plans to keep interest rates the same while reducing asset purchases Russia-Ukraine tension The White House […]
Russian public covers ears as state media heighten Ukraine rhetoric
Russia’s aggressive state television talk shows are a familiar platform for Vyacheslav Kovtun. The broadcasting pundit was for years one of the few Ukrainians regularly invited to air his views in live broadcasts that often became so heated they ended with punches being thrown. But Kovtun, who is introduced as […]