finances

Biden signs law on $40-bln aid to Ukraine

Biden signs law on $40-bln aid to Ukraine

US President Joe Biden signed a bill providing Ukraine with $40-bln aid, the White House informs. The law provides for "additional emergency allocations to federal agencies to respond to the situation in Ukraine and to provide …

Russia’s gas revenue may top $100 bln - report

Russia’s gas revenue may top $100 bln - report

Russia may receive a record $100 billion for gas supplies to Europe this year against the backdrop of surging prices for the blue fuel, claims a columnist for the French newspaper Les Echos, citing data from Citi analysts. …

Reebok sells its business in Russia to Turkish retailer

Reebok sells its business in Russia to Turkish retailer

Turkey's online shoe store FLO and an American fitness footwear and clothing manufacturer Reebok have signed a cooperation deal: the new owner now has 100 Reebok stores in Russia. The Russian-Turkish deal's three …

EU to provide additional 500 mln Euro military aid to Ukraine

EU to provide additional 500 mln Euro military aid to Ukraine

EU foreign policy chief Josep Borrell said on Friday the bloc would provide a further 500 millions euros worth of military support to Ukraine and that he was confident a deal could be reached in the coming days to agree an embargo on Russian …

Apple is no longer the world’s most valuable company

Apple is no longer the world’s most valuable company

Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to …

US announces Armenia's support for sanctions against Russia

US announces Armenia's support for sanctions against Russia

Armenian banks have promised the US to support anti-Russian sanctions, US Ambassador to Yerevan Lynn Tracy told the Armenian Hraparak newspaper. It is noted that about a month ago, the diplomat met with the heads of Armenian banks, …

Russians allowed to transfer rubles to their foreign accounts

Russians allowed to transfer rubles to their foreign accounts

There are no restrictions on the transfer of funds in rubles by Russian residents to accounts opened in foreign banks, the Central Bank informs. Since March 1, residents of Russia have been banned from transferring foreign currency to …

Russia doesn't default on its foreign debt

Russia doesn't default on its foreign debt

Russian Finance Minister Anton Siluanov has called the information spread by CNN about Russia defaulting on its foreign debt "incorrect". He elaborated that questions about why investors, including Americans, did not receive …

Apple to cut iPhone, AirPods output

Apple to cut iPhone, AirPods output

Apple is planning to cut the output of its iPhone and AirPods devices as the Ukraine crisis and looming inflation start to weigh on demand for consumer electronics, the Nikkei reported on Monday, citing sources. The company plans …

Russia reschedules Belarus’ debt for 5-6 years

Russia reschedules Belarus’ debt for 5-6 years

Russia has rescheduled payments under Russian government loans for five to six years, Belarusian Finance Minister Yuri Seliverstov said. "It was proposed to reschedule some payments for more comfortable dates that are mutually …

US provides $2 billion worth of weapons to Ukraine

US provides $2 billion worth of weapons to Ukraine

U.S. Secretary of Defense Lloyd J. Austin said Kyiv has received or will receive U.S. weapons worth $2 billion. "In the last two weeks, we've provided over $300 million worth of equipment to Ukraine and the $800 …

How could anti-Russia sanctions affect Azerbaijan?

How could anti-Russia sanctions affect Azerbaijan?

The new Western sanctions imposed on Russia for launching a military special operation in Donbass have already affected the Russian economy, but their impact will inevitably spread to neighboring countries as well. Candidate of Economic Sciences, …

Sanctioned Russian banks to be cut from SWIFT on March 12

Sanctioned Russian banks to be cut from SWIFT on March 12

The European Union has disconnected from the SWIFT interbank payment system seven Russian banks, including VTB, Rossiya, Otkritie, Novikombank, Promsvyazbank, Sovcombank and VEB.RF. Relevant regulations were posted in the EU Official …