The Government of the United Kingdom announced that it will inject US$100 million into the Ukrainian economy to mitigate the financial pressures caused by the invasion of the Russian Army. The funds may be used to defray salaries in the public sector, allow critical state functions to continue to operate, as well as to meet […]
Tag: war in ukraine
Moody’s further cuts Russia’s credit rating and places it on the brink of default
The financial rating agency Moody’s Investors Service lowered Russia’s credit rating from B3 to CA on Sunday with a negative outlook. The new category that the country enters is the second lowest rung on its scoring scale. The downgrade “is therefore driven by serious concerns about Russia’s willingness and ability to service its debt obligations,” […]
The Montreux Convention, key to the Bosphorus in times of war
In the midst of the war in Ukraine, the application of the Montreux Convention by Turkey to prevent the access of warships to the Black Sea has highlighted the importance of this maritime treaty that regulates navigation through the Dardanelles Strait and the Bosphorus, the waterway that connects the Mediterranean with the Black Sea. On […]
IMF: War in Ukraine will have ‘severe impact’ on low-income households
The war in Ukraine will have a “severe impact” on the world economy if the conflict escalates, affirmed the International Monetary Fund (IMF) this last Saturday, March 5. In addition, he specified that countries with economic ties with Kyiv and Moscow are exposed to higher risks. While the situation remains highly fluid and the outlook […]
War in Ukraine: who are Russia’s oligarchs facing global sanctions?
The United States and the European Union opted for the economic alternative rather than the military one to punish Russia for the war in Ukraine. Thus, those who were targeted by the sanctions have been the oligarchs who make up the inner circle of the president Vladimir Putin. According to international reports, some of these […]
More US companies to cut ties with Russia, says labor secretary
Updated on 03/05/2022 03:20 am Labor Secretary Marty Walsh said he expects many more American companies to follow Microsoft Corp. and cut ties with Russia, with no signs of the war in Ukraine ending. “We have to do everything we can in every place we can to support the Ukrainian people.” Walsh told Jon Ferro […]
The war in Ukraine is joined by fear of a nuclear incident
To the destruction and violence of the war in Ukraine is now added the fear of a nuclear accident caused by military clashes, such as the one that happened last night at the Zaporizhia plant, in the southeast of the country, an incident that according to the UN atomic agency It was due to a […]
WTI oil hit its highest peak in nearly 14 years
The barrel of West Texas Intermediate (WTI), the benchmark oil for the US and countries in the region such as Peru, reached peaks of up to US$ 116.57 yesterday, its highest level in almost 14 years (September 2008). However, at the close it contracted -7.63% and fell to US$ 107.67. But so far in 2022, […]
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 […]
BlackRock suspends the purchase of Russian securities due to the war in Ukraine
Updated on 03/03/2022 05:41 pm BlackRock, the world’s largest investment firm, announced that it has suspended the purchase of Russian securities, both in funds it manages directly and in those that track indices, in response to the invasion of Ukraine. “In light of the Russian invasion of Ukraine, BlackRock on Monday, February 28, suspended the […]