Toyota Motor announced that it is suspending “until new notice” its operations in Russia, due to the “supply chain disruptions” and in the face of the impact of international sanctions on Russia for the invasion of Ukraine. The Japanese manufacturer has announced in a statement that it stops, from March 4 and until further notice, […]
Tag: Russia
Brazil will ask Canada to supply part of the fertilizers it bought from Russia
Brazil, one of the largest food producers in the world and also one of the largest importers of fertilizers, will negotiate an increase in purchases of these products from Canada to supply part of those that will stop arriving from Russia due to the current crisis. The Ministry of Agriculture reported in a statement that […]
Ukraine, Russia and the recovery of Peru’s multilateral foreign policy
After remaining silent while the Ukraine crisis convened, less than a month ago, top meetings between the United States and Russia, encouraged political meetings between the Eurasian power and the major Western security and cooperation organizations and stimulated Euro-Russian diplomatic efforts At a high level, the government has finally made public its rejection of the […]
Conflict in Ukraine could wipe $1 trillion from global GDP
Updated on 03/03/2022 05:36 am The conflict in Ukraine could reduce the value of the world economy by US$1 trillion and increase global inflation by 3% this year by causing another crisis in supply chains, according to the National Institute of Economic and Social Research (NIESR). its acronym in English) of the United Kingdom. Supply […]
Concerns grow over Russian default despite ruble coupon payment
Russia paid a bond coupon in rubles on Wednesday, but it is unclear how foreigners will be able to access the cash after the central bank banned transfers to foreign investors. Investors are still struggling to understand whether or not the bonds are in default, even after the widely expected 11 billion ruble ($98 million) […]
Invasion of Ukraine raises the specter of Russia’s first foreign debt default
With much of the reserves of US$ 640,000 million Russia under lockdown in the West and sanctions crippling cross-border capital flows, investors fear Ukraine’s invader is headed for its first foreign-exchange sovereign debt default. On Wednesday, foreign investors were trapped in their investments in ruble bonds – known as OFZ – after the central bank […]
Rich Russians spend on luxury; They seek to prevent savings from disappearing
As sanctions imposed on Russia cause the ruble to fall and keep stock markets closed, the wealthiest Russians are turning to buying luxury jewelry and watches in an attempt to preserve the value of their savings. In recent days, sales at Russian Bulgari SpA stores have surged, the Italian jeweler’s chief executive said, after the […]
Two Putin nuclear nightmares to haunt us
By Andreas Kluth Russian President Vladimir Putin has made the world a more dangerous, brutal and frightening place in many ways. One is by raising the potential for nuclear Armageddon and two main scenarios emerge: one in the short term and the other in the long term. In the short term, we all hope his […]
War would be the beginning of the de-dollarization of the world, says billionaire Novogratz
Updated on 03/03/2022 01:06 am The Russian invasion of Ukraine could cause more people to turn away from the dollar in a possible boost for cryptocurrencies, according to billionaire Mike Novogratz, a longtime token enthusiast. The recent surge in bitcoin trading using the Russian ruble and Ukrainian hryvnia has bolstered advocates’ argument that a decentralized […]
World Bank suspends “immediately” all its programs in Russia and Belarus
The World Bank (WB) reported this Wednesday that they will suspend “with immediate effect” all their programs in Russia and Belarus, due to the war outrage carried out in Ukraine. “As a consequence of the Russian invasion of Ukraine and hostilities against the people of Ukraine, the World Bank has stopped all its programs in […]