Vanguard will not restrict its active managers’ decisions on Russia
By Ross Kerber -Top mutual fund manager Vanguard Group said on Friday it will adhere to international sanctions being imposed on Russia in the wake …
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PayPal shuts down its services in Russia citing Ukraine aggression
By Paresh Dave – Payments company PayPal Holdings Inc shut down its services early on Saturday in Russia, citing “the current circumstances,” joining many financial …
LVMH to ‘temporarily’ close its 124 shops in Russia
PARIS – French luxury group LVMH will “temporarily” close its 124 stores in Russia from Sunday, a group spokesperson told Reuters on Friday. The group, …
Retailer Canadian Tire pauses Helly Hansen operations in Russia
– Retailer Canadian Tire Corp Ltd said on Friday it will temporarily pause the Helly Hansen brand’s operations in Russia, joining a horde of Western …
Analysis-Global banks face costly, arduous process to exit Russia
By Matt Scuffham and Megan Davies NEW YORK – Global banks face an arduous and costly process if they decide to close businesses in Russia, …
POLL: Biden Approval Gets Big Bump After SOTU, Russia Invasion
POLL: Biden Approval Gets Big Bump After SOTU, Russia Invasion Sebastian Hughes on March 4, 2022 President Joe Biden’s approval rating received a significant bump …
‘Mum Won’t Believe Me’: Ukrainians Lament Russian Relatives Who Don’t Think Russia Is At War
‘Mum Won’t Believe Me’: Ukrainians Lament Russian Relatives Who Don’t Think Russia Is At War Sebastian Hughes on March 4, 2022 Ukrainians with relatives in …
Russia faces lasting consequences from Ukraine war, World Bank chief says
By David Lawder and Andrea Shalal WASHINGTON -Russia’s war in Ukraine has “horrified” the World Bank’s shareholders and will have lasting consequences for Russian President …
Factbox-Commodity supplies at risk after Russia invades Ukraine
LONDON – Russia’s invasion of Ukraine and the imposition of new Western sanctions against Russia have fuelled fears about supplies of key commodities produced and …
Palladium sprints to $3,000/oz mark as Russia supply fears grow
By Brijesh Patel – Palladium extended its rally to near a 10-month high within striking distance of $3,000 an ounce on Friday, as concerns over …
Brewer Carlsberg halts exports, new investments into Russia
COPENHAGEN – Danish brewer Carlsberg said on Friday it would halt new investments into Russia and suspend exports of beer and other beverages to the …
Palladium set for biggest weekly gain in 2 years as Russia supply concerns mount
By Arpan Varghese – Palladium extended gains on Friday, breaking above $2,800 an ounce mark en route to its biggest weekly gains in two years …
UK’s Sainsbury’s stops selling products 100% sourced from Russia
LONDON – British supermarket group Sainsbury’s has removed from sale all products that are 100% sourced from Russia in response to Russia’s invasion of Ukraine, …
Turkish textile industry suffers as customers in Ukraine and Russia cancel orders
By Ceyda Caglayan ISTANBUL – Textile and leather goods’ makers in Istanbul’s garment district are feeling the impact of Russia’s invasion of Ukraine as customers …
RWE: one of our long-term gas contracts with Russia is dormant
By Christoph Steitz and Tom Käckenhoff FRANKFURT – RWE on Friday said one of its long-term gas contracts with a Russian supplier was dormant, limiting …
We don’t seek conflict with Russia but we are ready for it, U.S. says
BRUSSELS – NATO will defend all its allies and territory against a Russian attack, U.S. Secretary of State Antony Blinken said on Friday, as he …
Palladium set for best week in 2 years as Russia supply concerns mount
By Arpan Varghese – Palladium extended gains on Friday, breaking above $2,800 an ounce mark en route to its best week in two years as …
Russia offers fast-track bankruptcy to departing companies
MOSCOW – Foreign companies that want to leave Russia will receive fast-tracked bankruptcy protections or can hand their stakes over to local managers until they …
Stuck but not sweating it: some U.S. investors in Russia not kneejerk-selling
By Davide Barbuscia NEW YORK – U.S. investors may be in a rush to dump Russian assets after Western allies hit Moscow with sanctions, but …
U.S. waives COVID test for Americans leaving Russia, Belarus
WASHINGTON – The United States is waiving a requirement for negative COVID-19 tests from Americans leaving Belarus or Russia to travel home, the State Department …
Factbox-Harsh words, tough action: how companies have rebuffed Russia
– Corporate actions to censure Russia after its invasion of Ukraine vary widely and include some measures required by law and some voluntary, with comments …
NY pension chief says McDonald’s, PepsiCo should consider Russia risk
By Hilary Russ NEW YORK – The chief of New York state’s pension fund said on Thursday that McDonald’s Corp, PepsiCo and other companies with …
CalPERS says has ceased new investment flows into Russia
By John McCrank NEW YORK – The California Public Employees’ Retirement System, the largest U.S. pension fund, said on Thursday it has ceased all transactions …
Russia Could Fire Missiles At Itself In False Flag Attack, Ukraine’s Foreign Minister Says
Ukraine’s minister of foreign affairs, Dmytro Kuleba, said Thursday that Russia might be planning a false flag attack by firing missiles at itself. “Worrying reports: …
Russia Drafts Plans For Public Executions In Captured Cities: REPORT
Russia devised plans to stage public executions in cities its forces conquer as a way to cut down the morale of Ukrainians, a European intelligence …
Italy’s Generali to pull out of Russia as Intesa reviews business
MILAN – Leading Italian insurer Generali said on Thursday it was pulling out of Russia after Moscow’s invasion of Ukraine, while Intesa Sanpaolo, Italy’s biggest …
Analysts downbeat on Citigroup’s repair timeline, Russia risks
By David Henry NEW YORK – Bank analysts offered downbeat assessments on Thursday of the timeline Citigroup Inc laid out this week for lifting profits …
Ex-Goldman Sachs banker calls on Wall Street giant to exit Russia
By Kirstin Ridley and Sinead Cruise LONDON – A one-time Goldman Sachs banker has written an open letter to David Solomon calling on the Wall …
Nike to temporarily close all stores in Russia
– Nike Inc said on Thursday it would temporarily close all its stores in Russia, joining a slew of Western brands that have suspended their …
Accenture to suspend business in Russia
– IT consulting firm Accenture Plc said on Thursday it is discontinuing business in Russia in response to the country’s invasion of Ukraine. The company …
U.S. Treasury warns crypto firms on Russia cybersecurity threat – source
By Hannah Lang – The U.S. Treasury Department has reached out to cryptocurrency companies about their cybersecurity controls amid concerns that Russia could wage retaliatory …
Jack Daniel’s maker Brown-Forman pauses hiring in Russia
– Jack Daniel’s maker Brown-Forman Corp said on Thursday it has paused hiring for its own distribution business in Russia following the country’s invasion of …
World Bank Makes Big Show Of Cutting Off Russia Just Weeks After Being Accused Of Oppressing Uyghurs In China
World Bank Makes Big Show Of Cutting Off Russia Just Weeks After Being Accused Of Oppressing Uyghurs In China Ailan Evans on March 3, 2022 …
Explainer-Which international banks are exposed to Russia?
By Valentina Za MILAN – The latest wave of sanctions on Russia over its invasion of Ukraine has thrown the global banking industry deeper into …
Russia halts deliveries of rocket engines to the U.S
MOSCOW – Russia has decided to stop supplying rocket engines to the United States in retaliation for its sanctions against Russia over Ukraine, Dmitry Rogozin, …
Factbox-Companies cut Russia operations and trade as sanctions tighten
– Companies have limited, put on hold or exited business activities in Russia following a wave of sanctions imposed after Moscow’s invasion of Ukraine. Below …
Smirnoff vodka maker Diageo pauses exports to Ukraine and Russia
LONDON – Spirits company Diageo, the maker of Smirnoff vodka and Guinness, has paused exports to Ukraine and Russia, the company said on Thursday. “Our …
Analysis-Chinese banks scramble for ‘workarounds’ as Russia sanctions impinge
By Engen Tham and Julie Zhu – Top Chinese banks are rushing to ensure they can maintain business ties with Russian clients without running afoul …
German imports exceeded exports in 2021 trade with Russia – stats office
BERLIN – German imports from Russia exceeded exports last year because prices for imported crude oil and natural gas had risen sharply, Germany’s Federal Statistics …
Russia central bank increases capital of reinsurance firm specialising in sanctions risk
MOSCOW – Russia’s central bank on Thursday said it was increasing the capital of affiliated reinsurance firm AO RNPK, which specialises in providing protection against …
Russia imposes 30% commission on forex purchases by individuals – brokers
MOSCOW – Russia’s central bank has imposed a 30% commission on foreign currency purchases by individuals on currency exchanges, brokers told Reuters, citing a letter …
Oil Hits 11-Year High As Big Oil Dumps Russia, White House Mulls Energy Sanctions
The price of crude oil touched its highest level in nearly 11 years on Wednesday amid the ongoing Ukraine crisis which has roiled energy markets. …
Yellen says U.S. will address potential gaps in Russia sanctions
By David Lawder CHICAGO -The United States will address potential gaps in tough sanctions imposed on Russia over its invasion of Ukraine, U.S. Treasury Secretary …
World Bank halts all programs in Russia, Belarus
By Andrea Shalal WASHINGTON -The World Bank said on Wednesday it had stopped all programs in Russia and Belarus with immediate effect, following the Russian …
Factbox-The funds that have large Russia exposure
By Davide Barbuscia NEW YORK – Overseas investors in Russia have tens of billions invested in the country’s stocks and bonds, according to Morningstar data. …
U.S. investment manager Capital Group was among top exposed to Russia -data
By John McCrank and Davide Barbuscia NEW YORK – Capital Group Companies Inc, one of the world’s largest investment management companies, known for its American …
PayPal stops accepting new users in Russia
By Paresh Dave, Elizabeth Culliford and Sheila Dang – Online payments company PayPal Holdings Inc stopped accepting new users in Russia on Wednesday given current …
BoE’s Cunliffe says Russia crisis will add to risks from rates shift
By William Schomberg LONDON -Bank of England Deputy Governor Jon Cunliffe said the crisis triggered by Russia’s invasion of Ukraine would add to risks in …
Royal Caribbean joins rivals in canceling 2022 sailings to Russia
– Cruise operators Royal Caribbean Group and Viking Cruises canceled sailings to Russia on Wednesday, joining their rivals and many Western brands in suspending operations …
U.S. delays ICBM test-launch in bid to de-escalate Russia nuclear tensions
By Phil Stewart and Idrees Ali WASHINGTON -The U.S. military said on Wednesday it will postpone a scheduled test launch of a Minuteman III intercontinental …