advertisement The European Commission confirmed on Wednesday it would extend the remit of its sanctions against Russia and Belarus in light of the ongoing conflict in Ukraine, adding details on the cl...
Tag: Russia
Russian Nickel Compounds Pain For Carmakers Contending With Chip Shortages
Volkswagen ID.5 electric cars being built at the company’s Zwickau, Germany, plant Getty Images Carmakers have struggled to maintain production levels for over a year owing to a computer chip sh...
Here is why Shell is stopping crude oil purchases from Russia
On Tuesday, Shell (LON: SHEL) apologized for purchasing a discounted Russian oil consignment. The company bought 100,000 metric tonnes of leading Urals crude from Russia at a considerable discount. Th...
Here’s Why Some Countries Are Pushing Back Against Ukraine’s Call For Volunteer Soldiers
Topline Popular South Korean YouTuber Ken Rhee and a group of four British soldiers are potentially facing criminal charges and court martial for leaving their countries to fight as volunteer soldiers...
Lucid, Rivian and Fisker Miss a Huge Opportunity to Knock Tesla Out
In sport, the challengers know that they must solidify the rare opportunities that will present themselves to bring down the big favorites. They must be realistic and seize any opportunity to destabi...
Crypto Exchange CoinZoom To Block New Accounts In Russia- Report
CoinZoom, a U.S.-based crypto exchange, will stop accepting applications for new accounts in Russia over its invasion of Ukraine and the latest economic sanctions against the country. The exchange wil...
Russian Central Bank Temporarily Suspends Forex Sale
The Central Bank of Russia has issued a new order on Wednesday that immediately suspends banks from selling foreign currencies (forex) until September 9. This move came when the ruble has plunged agai...
NHL Suspends Dealings With KHL As Russia’s Ukraine Invasion Impacts Hockey World
NHL deputy commissioner Bill Daly has informed general managers that the league has suspended its … [+] agreement with Russia’s KHL. (Photo by Ethan Miller/Getty Images) Getty Images Nearl...
Firms Exit Russia, Fitch Sees ‘Imminent’ Default
(Bloomberg) — Most Read from Bloomberg Starbucks Corp. and Coca-Cola Co. joined the steady stream of companies suspending operations or pulling out of Russia, as Fitch Ratings said a bond defaul...
China watches as Ukraine war makes U.S., EU and Japan show unity
Chinese President Xi Jinping and Russian President Vladimir Putin attend a meeting during the BRICS (Brazil, Russia, India, China, and South Africa) summit in Brasilia on November 14, 2019. Pavel Golo...
Russia Roils Plane-Backed Bonds by Keeping $10 Billion of Jets
(Bloomberg) — Russia’s decision to block foreign owners from seizing hundreds of planes worth about $10 billion is roiling a market where aircraft leases are bundled into bonds and sold to inves...
BofA says ‘There is no clear off-ramp’ for Russia and ‘it’s like catching a falling knife,’ issues dire prediction for global economy
The global economy is set to experience uncertainty, sky-high energy prices, and slowing growth as tough Russia sanctions put pressure on markets over the coming months, according to the global resear...
Binance To Stop Accepting Mastercard, Visa Cards in Russia
Binance, the world’s largest crypto exchange said on Tuesday it will stop accepting cards issued by Mastercard and Visa in Russia, effective from Wednesday. All transactions initiated through the two ...
How A Former Under Secretary Of Defense Is Advising Companies To Navigate Ukraine War Disruptions
WASHINGTON – APRIL 02: U.S. Under Secretary of Defense (Policy) Michele Flournoy testifies during a hearing before the House Armed Services Committee on Capitol Hill April 2, 2009 in Washington,...
Yale professor is keeping tabs on companies still operating in Russia despite Ukraine invasion — and the list includes some household names
A Yale professor and his research team are keeping tabs on companies that are still operating in Russia in the wake of its invasion of neighboring Ukraine — and the list includes many household names....
Sanctions on Russia, Switzerland ready to block cryptocurrencies
One of the particular effects of the Russia-Ukraine war is that it has succeeded in breaking Switzerland’s historic neutrality. Switzerland is now ready to freeze the cryptocurrency assets of Moscow’s...
Why No One From Ripple To Russia Has Been Able To Topple The SWIFT Monopoly
Secretary of State Antony Blinken and European Commission President Ursula von der Leyen in … [+] Brussels. The U.S. and its European allies have joined together to ban Russia from SWIFT, among ...
Elizabeth Warren to Crypto Exchanges: Cut Russia Off!
Members of Congress like Senator Elizabeth Warren – a democrat of Massachusetts – have written a letter to Janet Yellen, the Treasury Secretary under Biden, to ensure that crypto exchanges are working...
Coca-Cola follows McDonald’s, Starbucks in suspending business in Russia
Bottles of Coca Cola products are displayed in a cooler at Colonial Liquors on February 10, 2022 in Corte Madera, California. Justin Sullivan | Getty Images Coca-Cola on Tuesday said it was suspending...
Russia reports crypto transactions despite US and European sanctions
TL;DR Breakdown • Russian fiat currency trades remain balanced for a while.• Ukrainians convert local currency to USDT after Russia attack Upon the increase in intensity of conflicts in Russia and Ukr...
Starbucks suspends all business in Russia as Putin’s forces attack Ukraine
A person wearing a protective mask enters a Starbucks coffee shop in San Francisco, California, U.S., on Thursday, Jan. 21, 2021. David Paul Morris | Bloomberg | Getty Images Starbucks is suspending a...
Biden Just Banned Russia Oil Imports. Here’s How The United States Replaces That Supply.
The United States has banned imports of Russian oil and liquefied natural gas in a move designed to reduce domestic reliance on volatile foreign fossil fuels and undercut an enormous source of revenue...
McDonald’s temporarily closes Russia restaurants amid Ukraine war
Pedestrians sit at outdoor tables beneath McDonald’s branded parasols at a closed McDonald’s Corp. restaurant, the first to open in the Soviet Union, on Pushkin Square in Moscow, Russia. A...
As Biden Bans Putin’s Oil, Is Venezuela A Possible Replacement?
WASHINGTON, DC – MARCH 08: U.S. President Joe Biden speaks in the Roosevelt Room of the White House … [+] March 8, 2022 in Washington, DC. During his remarks, Biden announced a full ban on...
Russia may attempt to evade sanctions through crypto, warns FinCEN
The US Financial Crimes Enforcement Network, or FinCEN, a Treasury Department division, has warned financial institutions that cryptocurrency might be used by Russia. They suspect Russia will use cryp...
Justforex Suspends Services for Clients from Russia and Belarus
Justforex, a global forex broker Forex Broker In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencie...
U.K. Premier League Cancels Broadcasts In Russia As Sports World Reacts To Ukraine Invasion
Topline U.K. Premier League will no longer be televised in Russia as fallout continues in the sports world from Russia’s invasion of Ukraine. Harry Kane of Tottenham Hotspur celebrates after scoring h...
Mainland Gives Capitulation Sign As Decliners Outpace Advancers 40 To 1
Key News The wind was howling so loud last night it woke me up as an ill wind was blowing in Asia as equity markets were down overnight apart from India which didn’t get the message that the world is ...