Russian President Vladimir Putin issued a decree Thursday demanding payment for natural gas in rubles but appeared to temper the order by allowing dollar and euro payments through a designated bank, t...
Tag: trade barriers
Russia Built Parallel Payments System That Escaped Western Sanctions
Western sanctions have disrupted nearly every part of Russia’s financial system, but there is one big exception. The domestic-payments system continued to work smoothly after Visa Inc. and Mastercard ...
How Russia’s Central Bank Engineered the Ruble’s Rebound
The ruble is in a central-bank-induced coma. While Russia’s currency can still see sharp swings in a day, it has trimmed its steep losses and begun to stabilize. It is now trading at around 99 rubles ...
A Russian oil-sparked U.S. recession? This is how it could happen
A global recession “seems unavoidable” if sanctions on Russia keep most of its oil and natural gas off international markets for the rest of 2022. That’s what a pair of researchers at the Dallas Feder...
Fertilizer Stocks Soar on Putin’s War. Proceed With Caution.
Text size Nutrien’s potash mine in Saskatoon, Canada. Potash fertilizer prices have soared by three-quarters this year. James MacDonald/Bloomberg Haven’t earned enough on your oil stocks since R...
Russia Set to Ban Commodity Exports Following Western Sanctions
President Vladimir Putin, pictured Tuesday, gave his cabinet two days to create a list of commodities and of countries subject to a new export ban. Photo: handout/Agence France-Presse/Getty Images Rus...
U.S. oil prices soar Sunday, briefly punching above $130 as talk of Russia oil embargo heats up
Values for U.S. oil soared Sunday evening, driving prices above $125 a barrel in electronic trade as discussions about a ban on Russian oil heated up. Secretary of State Antony Blinken said Sunday the...
Opinion: Sanctioning Russia is a masterstroke that will cement the dollar’s dominant role in world affairs
LONDON (Project Syndicate)— The savage fighting in Ukraine has led many to wonder whether Russian President Vladimir Putin’s supposed strategic brilliance is all that it was chalked up to be. Though P...
Semiconductor sales to Russia banned, but that shouldn’t hurt Intel, AMD and other chip makers
Semiconductor companies are banning sales to Russia following the company’s invasion of Ukraine, but an analyst says the companies shouldn’t feel much of an effect. As Russian forces continued to bomb...
Russia’s Swift Exclusion Could See More Cyber War. 10 Stocks That Could Benefit.
Tough new financial sanctions on Russia over its invasion of Ukraine could lead to a surge in cyber attacks and spur investment in cybersecurity companies, according to research from broker and invest...
Punishing Putin Through Swift Is Thorny
As the U.S. and Europe weigh how to respond to Russia sending troops into Ukraine, financial sanctions are prime among those measures. U.S. and European countries have contemplated seeking to cut off ...
Why Stocks Rebounded After Russia Invaded Ukraine
Russia invaded Ukraine to start the biggest land war in Europe since Hitler. U.S. stocks soared. What gives? It isn’t that Wall Street secretly loves Vladimir Putin. A close look at the market’s perfo...
Opinion: Russia just made a case for owning gold—and nobody noticed
Here’s a strong argument for adding some gold bullion to your retirement portfolio right now, alongside those stocks and bonds. And it comes courtesy of Pavel Zavalny, the head of the Russian parliame...