How far can you go to contain rising gasoline prices? Joe Biden has engaged in dangerous oil diplomacy to make up for the loss of Russian crude, exposing himself to charges of turning to “dictators” and undermining his own “battle” for democracy. The high-level delegation that traveled to Caracas tried to go as unnoticed as […]
Tag: Russia
Thousands of Russians leave their country in fear and despair
Many of the thousands of Russians who leave their country through Finland to flee the sanctions do so with fear of possible reprisals if they express their opinion in public and the despair of not seeing a future in their own land. The Allegro, the high-speed train that connects Saint Petersburg with Helsinki twice a […]
BlackRock fund bets on Russia and loses
Updated on 03/10/2022 02:07 am A team of hedge funds at BlackRock Inc. saw Vladimir Putin’s invasion of Ukraine as an opportunity to buy more shares in the country. The decision was wrong. BlackRock’s Emerging Frontiers Fund plunged more than 10% in February, suffering its worst trading setback since it began more than a decade […]
Bloomberg Editorial: Hitting Putin With Energy Sanctions Isn’t Easy
President Joe Biden’s announcement that the United States will ban imports of Russian fossil fuels significantly intensifies the response to Vladimir Putin’s unprovoked war against Ukraine. The measure is justified. The United States and its allies should do everything they can to increase economic pressure, and the biggest weakness in their sanctions policy so far […]
Oil and commodity prices could cost more than 4% of global GDP, according to Trafigura
Rising prices of raw materials, from oil to wheat, in the wake of Russia’s invasion of Ukraine could cost the world economy the equivalent of at least 4% of Gross Domestic Product (GDP), the brokerage said. Trafigure. Oil prices, which Trafigurebased in Geneva, Already expected to hit $150 a barrel before the invasion, they could […]
WarnerMedia joins stampede of Russian companies over Ukraine invasion
Updated on 03/09/2022 07:02 pm The WarnerMedia conglomerate, which includes the HBO platform and the TCM channel, joined the stampede of companies that have decided to leave Russia to show their rejection of the invasion of Ukraine. According to an internal statement from company CEO Jason Kilar, WarnerMedia has “paused all new business” on Russiawhich […]
Ukraine bans export of wheat, oats and other
Updated on 03/09/2022 06:42 pm Ukraine’s government has banned exports of wheat, oats and other staple foods crucial to global supplies as part of authorities’ efforts to ensure they can feed their people during the Russian invasion. New rules for agricultural exports, introduced this week, also ban the export of millet, buckwheat, sugar, live cattle, […]
IMF approves $1.4 billion emergency aid for Ukraine
This Wednesday, the executive board of the International Monetary Fund (IMF) approved aid for US$ 1,400 million for Ukraine, within the framework of the warlike conflict with Russia. The resource package is given to “mitigate the economic impact” that Ukraine suffers in the midst of the war. Likewise, the IMF details that the approved amount […]
The US is convinced that Russia will suffer strategic defeat in Ukraine
The Secretary of State of the United States, Antony Blinken, assured that he is convinced that Russia will suffer a strategic defeat in Ukraine, remarking that it has already “failed in its main objectives” almost two weeks after the Russian invasion. “In the end, I am absolutely convinced that (Russian President Vladimir) Putin will fail, […]
Davos Economic Forum cuts ties with Russia
This Wednesday, the organizers of the World Economic Forumwhich takes place annually in Davos (Switzerland), announced the suspension of relations with Russia. In this sense, they will not maintain any link with persons or entities subject to sanctions after the Russian warlike invasion of Ukraine. “Following its condemnation of Russia’s current attack on Ukraine, the […]