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Iran and Azerbaijan have reached agreement to continue the construction and operation of the Khudafarin and Giz Galasi hydro junctions and hydroelectric power plants over the Araz River on the border between the two countries, according to …
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, …
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 …
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 …
Banks in Britain have warned the government that a plan to ban all Russians from holding more than 50,000 pounds ($65,430) in their accounts is illegal and unworkable, sources said. There are currently more than 70,000 Russian-born …
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 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 …
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 …
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, …
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 …
Sberbank has announced leaving the European market, according to a statement released by Russia’s top lender on Wednesday. "In the current situation Sberbank decided to leave the European market. The group’s affiliates …
The US-based Mastercard has blocked access to many financial institutions because of anti-Russian sanctions introduced in connection with the situation around Ukraine, CEO of Mastercard Michael Miebach said in his statement posted on the …
The head of Crimea, Sergei Aksenov, hopes that large Russian banks that are on the sanctions lists of Western countries will now be able to work in Crimea. "The tightening of the sanctions regime may in some sense …
The White House has asked Congress for $6.4 bln "for the Ukrainian crisis," Bloomberg informs. The administration is requesting appropriations to Ukraine and other countries of Eastern Europe, which will require $2.9 bln and …
The fortunes of Russia’s super-rich have tumbled $32 billion this year, with the escalating conflict in Ukraine poised to make that wealth destruction much larger. Gennady Timchenko heads the list of Russian billionaires who have …
Germany will increase financial support to Ukraine in the coming months. This was announced by German Foreign Minister Annalena Baerbock. "We are in full solidarity with Ukraine, this is evident in our swift response to sanctions. …
Turkey's soft financial policy may fix inflation rate at a high level, according to the report of Fitch Ratings. According to Fitch Ratings analysts, such a policy may exacerbate the consequences of weakening Turkish lira and …
The Bank of Russia will focus on the development of domestic payments with the digital ruble. This was stated by the Director of the Bank of Russia's Financial Stability Department. According to her, cross-border …
Turkish President Recep Tayyip Erdogan said that Turkey would bring consumer prices down as soon as possible, after annual inflation soared to its highest level in 19 years in December. Addressing lawmakers from his ruling Justice and …
U.S. senior Democratic senators will today unveil a new package of sanctions to punish Russian President Vladimir Putin if Moscow engages in hostilities against Ukraine, reads the legislation, obtained by The Washington Post in advance of its …
