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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 …
The European Union demands Russia cancel or adjusts several measures that are seen by it as violating the World Trade Organization’s (WTO) rules; reports that it allegedly demands Russia pay €290 billion are not true, the press …
The Turkish lira soared, rebounding from a record low reached earlier, after Turkish President Recep Tayyip Erdogan’s government announced extraordinary measures to bolster the currency. The dollar-lira currency pair plunged as …
Ukraine has appealed to the European Union for additional financial aid as the country struggles to meet its obligations, Bloomberg reported. “We have formally requested from the European Commission a long-term, macro-financial …
Russia’s annual inflation accelerated to a near six-year peak of 8.38% in late November, weeks ahead of a central bank meeting where it is expected to raise rates to rein in stubbornly rising consumer prices, economy ministry data showed on …
The European Union will spend 3.5 million euro to return refugees from Belarus to their countries, head of the executive European Commission Ursula von der Leyen said at the European Parliament Plenary on the conclusions of the October …
Russia’s budget surplus in January-October 2021 amounted to 2.14 trillion rubles, according to the statement posted on the website of the Russian Finance Ministry. In October, Russia’s budget surplus reached …
The Taliban radical militant group (outlawed in Russia) announced a complete ban on the use of foreign currency in Afghanistan on Tuesday, a move sure to cause further disruption to an economy pushed to the brink of collapse by the abrupt …
