Officials of the European Union (EU) are examining the possibility of curbing Russia’s influence and its access to financing in the International Monetary Fund (IMF) after its invasion of Ukraine, six officials have told Reuters. This scenario now being discussed would increase pressure on Russia’s economy and financial system and would also mark an important […]
Tag: Russia
Thousands of Russians leave their country through Finland fleeing sanctions
Thousands of Russian citizens have left their country through Finland in recent days fleeing the sanctions imposed on Moscow by the European Union (EU) and the United States in response to the invasion of Ukraine, local media reported Friday. The closure of airspace has led to the suspension of flights between Russia and Europe, forcing […]
Russia occupies Ukraine’s largest nuclear power plant
The russian troops occupied this Friday the largest nuclear power plant in Ukraine and Europe, after an attack that caused a fire without consequences in radioactivity levels, but that paralyzed the world in fear of a new atomic catastrophe. Russian projectiles hit the facilities of the Zaporizhia nuclear plant located about 150 kilometers north of […]
War in Ukraine: consequences for agriculture and food security in Peru
Last year, the price of fertilizers rose by up to 128% and became one of the main problems affecting local farmers. Among the factors that drove the increase in prices are the energy crisis in Europe, the rise in the exchange rate and the high freight rates that increased tariffs. To these agents is now […]
Vladimir Putin asks his neighbors not to aggravate the situation or impose limitations
Updated on 03/04/2022 08:06 am the president of Russia, Vladimir Putinrecommended to his country’s neighbors “not to aggravate the situation, not to impose limitations” and assured that “he has no bad intentions” towards neighboring states. “I want to emphasize again, and we have always said it, that we have no bad intentions in relation to […]
The ambiguity of the large emerging countries in the face of the war in Ukraine
With a large majority, the UN General Assembly approved on Wednesday a resolution condemning the invasion of Ukraine, while demanding a withdrawal of Russian troops from Ukrainian territory. Of the 193 member states of the United Nations, 141 supported the text, while only five voted against it: Russia itself, Belarus, Syria, North Korea and Eritrea. […]
Doubts of possible default hang over Russian bond market
The big question now facing Russian debt holders is whether they will ever get their money back. The government is paying the coupons on its bonds for now, but with the war in Ukraine and foreign reserves frozen, it’s unclear how or when investors will receive their cash. Despite the central bank calling the ban […]
The war unleashed by Russia against Ukraine is also being waged online
Wars are no longer fought only on the battlefield. The Russian military offensive launched on February 24 against Ukraine is preceded by a “cyber war” that has been active for months, even years, with attacks on companies, banks, electrical infrastructure or government websites. Although establishing 100 percent authorship in cyberspace is a difficult task, some […]
Vulture Investors Hover Russian Assets Amid Potential Sanctions
For years, Roman Abramovich ignored attempts to buy Chelsea Football Club, even though the UK made it difficult for him on occasion to visit London to see his team. Now, after the invasion of Ukraine by RussiaThe billionaire is looking to sell the club, though his advisers want at least 3 billion pounds ($4 billion). […]
ExxonMobil, Apple, Boeing and US giants breaking ties with Russia
Apple, ExxonMobil and Boeing have announced they are withdrawing or freezing their business in Russia as more US corporate giants take action following the invasion of Russia. Ukraine. The actions, which have already taken place in several industries and precede others such as Disney, Ford and Mastercard, highlight the growing economic cost to Russia to […]