The rejection of the invasion of Ukraine and the consequent sanctions imposed on Russia have caused an exodus of foreign multinationals that abandon or reduce their operations on Russian soil, after three decades of benefiting from the lucrative post-Soviet market. The exclusion of some Russian banks from the Swift payment system, the closure by the […]
Tag: Russia
Oil price rises more than 10% due to war in Ukraine
The price of a barrel of US oil WTI raised its price this Tuesday, March 1, by more than 10% and that of the barrel of Brentboth indices reached record levels since 2014, with a value of 106.29 dollars per barrel of WTI and $107.44 from Brent’s. The reference WTI oil for America had closed […]
Sales of Schalke shirts without Russian sponsor logo skyrocket
Updated on 03/01/2022 12:51 pm The sale of Schalke 04 shirts without the logo of the club’s former Russian sponsor Gazprom has skyrocketed and the entity’s digital store has collapsed. “The interest in the special shirt with the ‘Schalke 04’ logo (instead of the sponsor’s name) is huge. That has led to a saturation of […]
Russia intensifies offensive in Ukraine and Zelensky urges Europeans to act
Russia intensified the offensive in Ukraine on Tuesday, launching a major operation against Kiev, a severe bombardment against Kharkov, and a siege against the port of Mariupol, prompting the Ukrainian president to once again ask the Europeans for help. Satellite images captured overnight a column of more than 60 kilometers of Russian vehicles and artillery […]
Athletics, volleyball and skating join the rain of sanctions on Russian sport
After the call made on Monday by the International Olympic Committee (IOC) to exclude Russian and Belarusian athletes from international sporting events, the rain of sanctions continued on Tuesday: the international athletics federation, World Athletics, excluded athletes from both countries from all their competitions, the organization of the Volleyball World Cup has been withdrawn from […]
Foreign banks have exposures to Russia of $121.5 billion
Foreign banks have exposures, such as loans and debt securities, to Russia of US$121.5 billion (about 108 billion euros), according to statistical figures from the Bank for International Settlements (BIS) at the end of September. The BIS, which is based in the Swiss city of Basel and assists central banks around the world, does not […]
Russia will spend US$ 10,018 million from its National Welfare Fund on shares of Russian companies
Updated on 03/01/2022 10:40 am Russia will spend up to 1 trillion rubles (US$ 10,018 million or 8,906 million euros) from the National Welfare Fund, which is fed by oil revenues and is a kind of piggy bank for bad times, to buy shares of Russian companies affected by Western sanctions. The document was signed […]
Russia prepares a decree to stop the departure of foreign investments
Updated on 03/01/2022 10:31 am Russia is preparing a decree to curb the outflow of foreign investment that began since the announcement of sanctions against Moscow, Russian Prime Minister Mikhail Mishustin said on Tuesday. “A draft presidential decree has been prepared to introduce temporary restrictions on the outflow (of foreign investors) of Russian assets“, for […]
Russian missile hits administrative building in Kharkiv, Ukraine’s second largest city
Updated on 03/01/2022 09:43 am Russia began to attack Ukraine’s territories with more force and this time decided to destroy, without measuring the consequences, an administrative building in Kharkiv (Kharkiv).)the second largest city in Ukraine after Kiev. During the early hours of this Tuesday, a video shared by the Ministry of Foreign Affairs of Ukraine […]
Double boycott of Russian Foreign Minister Sergei Lavrov during UN conferences
Russian Foreign Minister Sergei Lavrov faced two major boycotts on Tuesday as he spoke at two international forums, reflecting Moscow’s diplomatic isolation following the invasion of Ukraine. The first case occurred when numerous delegations, including those of Ukraine and Western countries, left the room at a time when the speech of Lavrov at the Conference […]