The heads of Russian and Ukrainian diplomacy failed to reach an agreement for a ceasefire in Turkey on Thursday, in their first face-to-face after two weeks of invasion and hours after the bombing of a pediatric hospital in the city of Mariupol, which caused three dead and worldwide revulsion. “We wanted to get a 24-hour […]
Tag: Russia
Nuclear war? Foreign Minister Lavrov of Russia says that he believes that
Russian Foreign Minister Sergei Lavrov said on Thursday that he did not believe the conflict in Ukraine would escalate into a nuclear war, but warned the United States and Europe that Moscow did not want to become dependent on the West again. The Russian economy is facing the most serious crisis since the fall of […]
European banks reveal billions of dollars in risk exposure to Russia
Updated on 03/10/2022 09:02 am Credit Suisse said it had a gross exposure to Russia of 1.6 billion Swiss francs ($1.73 billion) at the end of 2021, the latest European bank to reveal the size of potential losses as Western sanctions exclude Moscow from the financial system. world. Italy’s UniCredit and France’s BNP Paribas have […]
Uniqlo finally cancels its activity in Russia
Updated on 03/10/2022 08:57 am Japanese clothing brand Uniqlo will finally suspend its activities in Russia, its parent company Fast Retailing announced on Thursday, three days after claiming that this decision was not planned immediately, prompting widespread criticism. “As we continued our Uniqlo business in Russia, it became clear to us that we could no […]
Russia feels impact of sanctions; inflation collapses economy
Russia is heading for one of its biggest inflation spikes this century after the wave of sanctions over its invasion of Ukraine caused the ruble to collapse and disrupt its trade. In the first week since the military offensive began in late February, prices for new domestic cars soared more than 17% and the cost […]
Oil prices fall, but there is still anxiety
Oil prices sank in the international market this Wednesday, after four consecutive sessions of gains due to the war in ukraine. The inapplicability of an embargo on Russian oil in the European Union, the diplomatic opening to resolve the war conflict and a request to increase the production of crude oil from the United Arab […]
Financial aid, crucial for services to continue operating in Ukraine after Russian invasion
Humanitarian and security aid is pouring in as the crisis in Ukraine worsens, but financial support is also vital to keep the government going. “The economy is collapsing”said Adnan Mazarei of the Institute for International Economics, a think tank based in Washington. As long as Kiev cannot collect taxes, “It is absolutely crucial that the […]
Biden leans on consumers to pressure Russian economy
The Biden Administration is leaning on American consumers to help pay the price for its economic pressure campaign against Russian President Vladimir Putin. Tuesday’s White House announcement to ban US imports of Russian fossil fuels marked the latest move against Russia. It also reveals that the war in Ukraine will affect Americans at gas stations […]
Russians find ways to bypass Putin’s internet blockade
Russians are quickly turning to internet services that hide their location to help circumvent restrictions on access to foreign social media and news sites. Virtual private network providers, or VPNs, have seen a surge in use from Russia after the Kremlin blocked Facebook and other services as part of a broader effort to silence dissent […]
Between pandemic and war, central banks seek their compass
Continue accommodative monetary policies or turn off the tap at the risk of slowing growth? After two years of uncertainty due to the pandemic, central banks continue to navigate without a compass in the face of the war in Ukraine and inflation. “Until recently, central banks could not get involved in a post-COVID world at […]