The Turkish government announced that it is closing the Bosphorus Strait to the passage of military ships from all countries, although those ships based in the Black Sea, such as those from Russia or Ukraine, will still be able to return to their ports, in application of the Montreux Convention. “We have warned all countries, […]
Tag: Russia
Russia suffers onslaught of Western sanctions with historic fall of the ruble
Russia suffered on Monday the onslaught of the new Western sanctions, which put the Central Bank in the spotlight and include the expulsion of several banks from the Swift system, which resulted in the collapse of almost 30% of the ruble and forced Moscow to draw its arsenal to ensure financial stability. In the early […]
Russian airlines cancel their flights to Cuba due to sanctions for invasion of Ukraine
The russian airlines Aeroflot and Azur Air have temporarily canceled their flights to Cuba because of the sanctions applied to Russia for invading Ukrainewhich will affect the island’s economy, according to experts. The companies have made that decision after most European countries closed their airspace to them and Russia, in response, did the same with […]
EU Adds Russian Oligarchs and Kremlin Spokesman to Ukraine Invasion Sanctions Blacklist
Updated on 02/28/2022 05:28 pm The European Union (EU) added several oligarchs and the president’s spokesman RussianVladimir Putin, to the black list of personalities sanctioned with a freezing of their assets and the prohibition of their entry as a result of the war against Ukraine. Six oligarchs, several personalities close to the Russian president -including […]
Faced with EU sanctions, Gazprom will cross Mongolia to supply China with Russian gas
Gazpromthe largest company in Russia and currently controlled by the Russian state, took a new step towards the largest possible natural gas supply agreement in its history with China after nations around the world severed economic and political ties with China. Putin for the invasion of Ukraine. According to the Bloomberg portal, the gas giant […]
Hundreds of aircraft leases in Russia will be canceled after EU sanctions
Updated on 02/28/2022 05:11 pm Aircraft companies are set to terminate hundreds of aircraft leases with Russian airlines, following Western sanctions over the invasion of Ukraine that require cancellation of contracts. AerCapthe world’s largest leasing company, announced it would cease leasing with Russian airlines, while BOC Aviation said most of its Russian leasing contracts would […]
The US orders the departure of twelve Russian diplomats to the UN for espionage
Updated on 02/28/2022 04:50 pm United States declared this Monday persona non grata to twelve Russian mission diplomats in view of United Nations whom he accuses of espionage and gave them until March 7 to leave the country. The information was advanced by the Russian ambassador to the UN, Vasili Nebenzia, who said that this […]
Russia is headed for a deep recession after sanctions, according to JP Morgan
Updated on 02/28/2022 04:07 pm Russia is headed for a deep recession due to the effect of the harsh economic sanctions announced by the United States, the European Union (EU) and other partners in retaliation for the invasion of Ukraine, according to a report published by JP Morgan. In the document, the team of North […]
Russian citizens concerned about their savings in the face of a sharp fall in the ruble
This Monday, the Russian currency fell to historic lows, trading in the morning at 100 items per dollar. This sinking awakened in many Russians, already stressed by the conflict, the memory of financial instability in the 1990swhen millions of people saw their bank savings evaporate in a flash due to the devaluation of the ruble […]
Russian oil buyers have problems with payments and ships amid sanctions
Updated on 02/28/2022 03:07 pm Russian oil buyers have faced huge difficulties over payments and vessel availability following Western sanctions on Moscow over investment in Ukraine, traders said. The West has introduced a wide range of sanctions, including on the banking sector, following Russia’s invasion of Ukraine on Thursday. Russia describes its action as “special […]