Today’s decision completes the package of measures announced by the High Representative on 27 February. The European Union has banned the sale, supply, export to Russia of euro banknotes, as well as investmentRead More
According to Bloomberg sources, the company is working with a financial advisor to settle a number of liabilities and could formally begin bankruptcy proceedings in a Swiss court later this week. Asked forRead More
Oil prices are rising sharply higher after the West imposed tougher sanctions on Russia, blocking Russian banks from SWIFT, (the international payments system) Fears that these moves will disrupt supply, in an alreadyRead More
Ruble, the Russian currency record today a new low, as Russia’s ‘Oligarch’s wealth continues to shrinks rapidly, the latest SWIFT and other sanction imposed on Russia, that led President Putin to summon mainRead More
Russia’s invasion of Ukraine will further strain supplies of semiconductor chips, amid a shortage that has already caused global production disruptions for tech companies and automakers for more than a year. Russia andRead More
Wheat climbed to a nine-year high on worries about potential supply disruptions in the Black Sea region, further buoying costs of food staples around the world. The escalating crisis over Ukraine has sparkedRead More
