Russia to use yuan from its forex reserves, finance minister says
– Russia will use Chinese yuan from its foreign exchange reserves after Western sanctions blocked Moscow’s access to the U.S. dollars and euros in the …
russia
Swiss Re halts new business with Russia and Belarus
FRANKFURT – Swiss Re said on Monday that it was not taking on new business with Russian and Belarusian clients, and that it was not …
Ukraine to insist in talks with Russia on presidents’ meeting – Zelenskiy
– Ukrainian officials negotiating with their Russian counterparts are to ensure direct talks between the countries’ leaders that could lead to bringing peace, Ukraine’s President …
Ukraine president calls on software giants to stop supporting their products in Russia
LVIV, Ukraine – Ukrainian President Volodymyr Zelenskiy on Sunday called on U.S. software firms Microsoft Corp and Oracle Corp and German business software group SAP …
Below Their Lines: American Corporations Cancel Russia But Remain Silent On Uyghur Genocide
Below Their Lines: American Corporations Cancel Russia But Remain Silent On Uyghur Genocide Philip Lenczycki on March 12, 2022 Major American companies are suspending operations …
Ukraine trusts in Israeli mediation, denies Bennett advised caving to Russia
By Natalia Zinets and Dan Williams LVIV, Ukraine/JERUSALEM – Ukraine voiced hope on Saturday for positive results from Israel’s bid to broker peace with Russia, …
Russia to include electronics firms on list of essential companies -report
– Russia’s trade and finance ministries will widen the criteria for systematically important firms to include companies from the electronics sector, the TASS news agency …
Debt deadline and central bank hikes loom in Russia
By Marc Jones LONDON – The cost of Russia’s invasion of Ukraine will become a lot clearer next week, with a previously unthinkable sovereign default …
U.S., European allies intensify economic pressure on Russia
By Steve Holland and Francesco Guarascio WASHINGTON/BRUSSELS – The United States, European Union and other allies on Friday escalated their economic pressure on Russia, moving …
London Stock Exchange Group suspends all services in Russia
LONDON -Britain’s London Stock Exchange Group said on Friday it is suspending all products and services for all customers in Russia, days after suspending the …
Sony Pictures Entertainment has paused business operations in Russia
– Sony Pictures Entertainment said Friday that it has paused business operations in Russia, two weeks after the studio suspended theatrical releases in the country. …
Deutsche Bank to wind down Russia business
FRANKFURT -Deutsche Bank said on Friday that it would wind down its business in Russia. Deutsche had faced stinging criticism from some investors and politicians …
Tobacco group BAT to exit Russia, cuts 2022 outlook
By Richa Naidu and Aby Jose Koilparambil -Camel and Lucky Strike cigarette maker British American Tobacco Plc said on Friday it would exit Russia and …
Factbox-Biden throttles trade between the U.S. and Russia
WASHINGTON – U.S. President Joe Biden on Friday said the United States will revoke Russia’s “permanent normal trade relations” status to punish Moscow over its …
Russia Moves To Declare Facebook Parent Company An ‘Extremist Organization,’ Ban Instagram
Russia Moves To Declare Facebook Parent Company An ‘Extremist Organization,’ Ban Instagram Ailan Evans on March 11, 2022 Russian prosecutors asked a court to classify …
Biden says U.S. to strip Russia of permanent normal trade status
WASHINGTON – U.S. President Joe Biden on Friday said the United States will revoke Russia’s “permanent normal trade relations” status to punish Moscow over its …
Don’t take Russia back to 1917, Russian metals king Potanin warns
By Guy Faulconbridge LONDON -Confiscating the assets of companies that have fled Russia since the invasion of Ukraine would shatter investor confidence for decades and …
Nestle says halts non-essential food exports and imports to Russia
ZURICH – Nestle has stopped exporting and importing non-essential food items such as Nespresso coffee or S.Pellegrino water from and to Russia, a spokesperson told …
Russia looking at sourcing aircraft spare parts from Asia
-Russia is working on sourcing spare parts for aircraft from China and other Asian countries, the transport ministry said on Friday, and has not yet …
Deutsche Bank bucks trend as it maintains ties to Russia
By Tom Sims, Carolyn Cohn and Jesús Aguado LONDON – Deutsche Bank said it was not withdrawing completely from Russia, drawing anger from investors and …
Factbox-U.S. banks in Russia by the numbers
NEW YORK – Major U.S. banks have started announcing plans to wind down operations in Russia in the wake of its invasion of Ukraine and …
South American nations push to exclude fertilizer from Russia sanctions
By Roberto Samora SAO PAULO – Six South American nations are proposing the exclusion of fertilizer from sanctions on Russia, a major world producer whose …
Another Fast Food Giant Says Its Canceling Russia
Another Fast Food Giant Says Its Canceling Russia Harold Hutchison on March 10, 2022 Fast food chain Burger King decided to take action against Russia …
Factbox-Mining companies distance themselves from Russia
– Mining companies with ties to Russian businesses are scrambling to sever them in the aftermath of Russia’s invasion of Ukraine. Britain on Thursday imposed …
Russia to pay external debt in roubles if forex accounts remain blocked, TASS says
– Russia will service its external obligations in roubles if foreign exchange accounts of the central bank and the government remain blocked by the western …
Russia bans car, airplane exports until end-2022, TASS says
– The Russian government has banned exports of cars, airplanes and drones until the end of this year, the Russian TASS news agency said on …
Russia to suspend grain exports to Eurasian Economic Union until Aug 31
– Russia will suspend exports of wheat, meslin, rye, barley and corn to the Eurasian Economic Union (EEU) until Aug 31 in a move to …
Insurance broker Marsh to exit Russia
– Marsh & McLennan, the world’s largest insurance broker, said on Thursday it will exit all of its businesses in Russia. “We intend to transfer …
Warner Music Group says it is suspending operations in Russia
– Warner Music Group said Thursday it is suspending operations in Russia, as all three major labels have issued a call for an end to …
Putin warns the West: Russia will emerge stronger
LONDON – Russian President Vladimir Putin said on Thursday that Russia would ultimately emerge stronger and more independent after overcoming the difficulties caused by what …
Russia draft law raises doubt over fate of $10 billion of jets
By Tim Hepher and Jamie Freed – Russia published a draft law on Thursday that could prevent its airlines returning leased aircraft, raising the stakes …
Holiday inn-owner IHG suspends investments in Russia
– Holiday inn-owner IHG said on Thursday it was suspending future investments, development activity and new hotel openings and will close its Moscow office following …
Russia says China refuses to supply aircraft parts after sanctions
– China has refused to supply Russian airlines with aircraft parts, an official at Russia’s aviation authority was quoted by Russian news agencies as saying …
Russia to pay a price for Ukraine invasion, says U.S. VP Harris
WARSAW – U.S. Vice President Kamala Harris will discuss issues with Poland that will force Russia to pay a price for its invasion of Ukraine, …
Suzuki’s Hungarian factory suspends car exports to Russia and Ukraine
By Gergely Szakacs BUDAPEST – Suzuki Motor Corp has suspended car exports to Russia and Ukraine from its Hungarian factory as of March due to …
Sony, Nintendo halt gaming shipments to Russia
– Sony Group Corp’s game division and Nintendo Co Ltd said they have suspended shipments of software and hardware to Russia following the invasion of …
Ukraine accuses Russia of genocide after bombing of children’s hospital
LVIV, Ukraine – Russia’s war in Ukraine entered its third week on Thursday with none of its key objectives reached despite thousands of people killed, …
New Jersey Governor Passes Law Barring Public Investments in Russia
TRENTON, NJ – New Jersey Governor Phil Murphy has signed a law that forbids public investments in Belarus and Russia in the wake of the …
Russia Admits To Using Thermobaric Bombs In Ukraine, Sucking Oxygen From Air, UK Says
Russia Admits To Using Thermobaric Bombs In Ukraine, Sucking Oxygen From Air, UK Says Sebastian Hughes on March 9, 2022 Russia has admitted to using …
BlackRock’s Fink says Russia essentially cut off from global capital markets
– Russia has essentially been cut off from global capital markets as western companies and investors increasingly shun doing business in the country following its …
Citigroup says operating Russia consumer business on ‘more limited basis’
NEW YORK – Citigroup Inc said on Wednesday it is operating its Russian consumer business on a more limited basis following the country’s invasion of …
Hilton to suspend development activity in Russia
– Hilton Worldwide Holdings Inc said on Wednesday it would suspend all new development activity in Russia and had closed its corporate office in Moscow, …
Biden Begged Russia And OPEC For Oil Last Year. Now He’s Just Begging OPEC
Biden Begged Russia And OPEC For Oil Last Year. Now He’s Just Begging OPEC Thomas Catenacci on March 9, 2022 President Joe Biden has shifted …
Russia may be using unguided ‘dumb’ bombs in Ukraine war -U.S. official
By Idrees Ali and Phil Stewart WASHINGTON – The United States has seen indications that Russia’s military in its assault on Ukraine is using so-called …
Russia acknowledges conscripts were part of Ukraine operation, some are POWs
– Russia’s defence ministry acknowledged on Wednesday that some conscripts were taking part in the conflict with Ukraine after President Vladimir Putin denied this on …
WarnerMedia says it will pause all new business in Russia
– AT&T’s WarnerMedia unit will pause all new business in Russia in response to the invasion of Ukraine, WarnerMedia CEO Jason Kilar said in a …
Global funds with exposure to Russia faced big outflows in Feb
– Global mutual funds and exchange-traded funds with significant exposure to Russian equities and bonds have seen massive outflows and an erosion in their net …
Honeywell suspends business in Russia, Belarus
– U.S. industrial conglomerate Honeywell International Inc said it suspended business in Russia and Belarus, following Moscow’s invasion of Ukraine. The company said late on …
Explainer-Ousting Russia from WTO, IMF would mark end of an era
By David Lawder and Andrea Shalal WASHINGTON – Amid the devastation of World War Two, the United States and its allies created the institutions that …
McDonald’s says Russia store closures to cost $50 million per month
– McDonald’s Corp said on Wednesday the temporary closure of its 847 stores in Russia will cost the fast food chain about $50 million a …