The head of the Central Bank of Russia, Elvira Nabiúlina, invited foreign financial market participants to join the Russian analogue of the international interbank communication system Swift, called SPFS. “We have a financial messaging system, SPFS, which can replace Swift within the country. Outside participants can join”, He pointed out in a statement to the […]
Tag: Russia
Russia and Ukraine plan a “second round” of negotiations
The Russian and Ukrainian delegations agreed on Monday a “second round” of negotiations, both parties announced, after finishing a first meeting and returning to their respective capitals to examine the situation. “The parties established a series of priorities and issues that require some decisions”said Mikhailo Podoliak, one of the Ukrainian negotiators, while his Russian counterpart, […]
Bank of Russia will keep the Moscow Stock Exchange closed at least until tomorrow, March 1
The Central Bank of Russia decided today, February 28, to keep the Moscow Stock Exchange closed until at least tomorrow. The decision was made after the item fell almost 30% after the sanctions imposed by the West on the main Russian banks; as well as by the exclusion of the SWIFT international interbank communication system. […]
Aluminum giant Rusal tycoon calls for an end to “state capitalism” in Russia
Tycoon Oleg Deripaska, of the aluminum giant Rusal, called for an end to “state capitalism” in Russia in the face of the crisis caused by Western sanctions, following the Russian invasion of Ukraine. “It is a real crisis, and real crisis experts are needed, we must absolutely change our economic policy and put an end […]
Russian Central Bank more than doubles its interest rate to 20%
Russia’s central bank more than doubled its official interest rate on Monday and introduced some capital controls, at a time when the country faces growing economic isolation, but its governor said sanctions had prevented him from selling foreign currency. to prop up the ruble. The central bank announced on Monday that it will strongly increase […]
The US asks its citizens in Russia and Belarus to leave immediately
Updated on 02/28/2022 12:51 pm The United States asked its citizens in Russia and Belarus to immediately leave those countries due to the Russian attack in Ukraine, shortly after also announcing changes in the operations of its embassies in those two nations. In a statement, the State Department also recommended not to travel to Belarus […]
Kiev under siege and stock markets collapse this Monday: the war transcends the economic plane
With information from AFP The main world stock markets fell again this Monday, after the new sanctions imposed on Russia for its attack on Ukraine, amid fears that energy prices will skyrocket and reinforce current inflation. In the first hours for Europe, the places were in the red: Frankfurt lost 2.39%, Paris 3.05%, Milan 2.59%, […]
The US warns that global security is at risk after Russia’s attack on Ukraine
Updated on 02/28/2022 12:24 pm European and global security are at risk after the Russian attack on Ukraine, warned the United States Undersecretary of State for Arms Control and International Security, Bonnie Jenkins, who assured that Russia’s decision to start a war “will resonate in the near future and affect us all”. In her speech […]
Russia in the sights of the UN Human Rights Council for invading Ukraine
Ukraine, which gained broad support on Monday for holding an urgent debate at the UN Human Rights Council on Russia’s invasion of its territory, stepped up pressure against Moscow by submitting a draft resolution for an international investigation. However, the head of Russian diplomacy, Sergei Lavrov, canceled his visit to Geneva due to “anti-Russian sanctions” […]
Leave Russia or stay? Foreign companies have no choice
The departure of the British oil giant BP from Russia is an exception among the foreign groups present in the country, which can hardly repatriate factories or supermarkets overnight. On Sunday, on the fourth day of the Russian invasion of Ukraine, the main British oil company announced that it was leaving the Russian giant Rosneft, […]