GE says it temporarily paused support of airlines in Russia
CHICAGO -General Electric Co on Wednesday said it has temporarily paused support of airlines in Russia to be consistent with the sanctions imposed by the …
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Wintershall Dea stops payments to Russia, writes off $1.1 billion Nord Stream 2 loan
By Christoph Steitz FRANKFURT – German oil and gas firm Wintershall Dea said on Wednesday it would stop payments to Russia and write off its …
European chains Metro, SPAR still active in Ukraine, Russia
BERLIN – German wholesaler Metro and Dutch food retailer Spar International BV said on Wednesday they are still operating in Ukraine and Russia, keeping stores …
Jen Psaki notes, Russia invades Ukraine only When Biden is in office, a “pattern of horror”
Russia has once again invaded Ukraine. The last time Vladimir Putin amassed his army and attacked his neighbor to the south was in February of …
Oil, gas, wheat and aluminium jump as Russia sanctions bite
By Pratima Desai LONDON – Oil prices jumped to near eight-year highs and wheat to 14-year peaks, while aluminium, Dutch gas and European coal prices …
Puma says deliveries stopped to Russia but stores open
BERLIN – German sportswear company Puma said on Wednesday that deliveries to Russia have been stopped but its 100 stores in the country are open. …
Canada Goose suspends sales in Russia after Ukraine invasion
– Luxury retailer Canada Goose Holdings Inc said on Wednesday it would suspend all wholesale and e-commerce sales to Russia, becoming the latest company to …
ExxonMobil Joins Other Big Oil Companies In Withdrawing From Russia
U.S. Big Oil corporation ExxonMobil joined multiple other multinational energy firms in announcing that it would distance itself from Russian business ventures Tuesday. The American …
European gas prices touch new highs as Russia supply fears grow
By Susanna Twidale LONDON – European and British gas prices soared on Wednesday, with a benchmark Dutch gas price hitting a record high as countries said …
Global banks eschew risk as they navigate Russia sanctions quagmire
By Michelle Price and Sumeet Chatterjee WASHINGTON/HONG KONG – Faced with an unprecedented level of sanctions on Russia, global banks are taking a dim view …
Airbus halts Russia parts, studying engineering centre options
PARIS – Airbus said on Wednesday it had stopped sending spare parts to Russia and supporting Russian airlines, but was analysing whether its Moscow engineering …
TV Tower Over Thousand Feet Tall Explodes After Russia Warns Of Missile Strikes
A television tower in Kyiv, Ukraine, was targeted in a missile strike that killed five people just minutes after Russia warned Ukrainians to flee the …
Apple Stops Selling All Products In Russia, Drops State-Backed Media Apps
Apple announced Tuesday it would pause the sale of all products in Russia, citing the country’s invasion of Ukraine. “We are deeply concerned about the …
Tiny imploding Russia fund draws rush of options bets
By Saqib Iqbal Ahmed NEW YORK – Options on a small, soon-to-be defunct exchange-traded fund tracking Russian stocks drew a rush of trading on Tuesday, …
BMW halts export of cars to Russia, expects production interruptions
FRANKFURT – The German carmaker BMW said on Tuesday it had halted the export of cars to Russia and would stop production on the ground …
U.S. banks’ Russia exposure unclear; risk of long-term impacts – analysts
By Elizabeth Dilts Marshall NEW YORK – U.S. banks’ exposures to Russia may not be fully understood by investors due to a lack of transparency …
U.S. shipper UPS halts overflights of Russia
WASHINGTON – U.S.-based United Parcel Service Inc said Tuesday it has halted overflights of Russia as the White House continues to debate whether to close …
Asset managers freeze $3 billion in Russia funds in market turmoil
By Carolyn Cohn and Simon Jessop LONDON -Asset managers including France’s Amundi and BNP Paribas, Britain’s HSBC and Switzerland’s Pictet have frozen Russia-focused equity funds …
Philadelphia Credit Card Fraudsters Used Over 200,000 Illegal Cards Tied to Russia, Ukraine Black Market
PHILADELPHIA, PA – The Department of Justice has announced global credit card fraudsters Malan Doumbia, 38, and Souleymane Diarra, 36, both of Philadelphia, PA, were …
Russia says Meta, Google should be held accountable for ‘inciting war’ -Ifax
MOSCOW – Russia’s Foreign Ministry on Tuesday said a system should be created to hold western tech giants, including Meta Platforms Inc and Alphabet’s Google, …
JPMorgan says Russia remains part of its emerging debt indexes, new bonds excluded
LONDON – JPMorgan said on Tuesday that Russian debt remained part of its emerging market bond indexes for now but that new debt issued by …
Nokia stops deliveries to Russia
– Nokia will stop deliveries to Russia to comply with sanctions imposed on the country following the invasion on Ukraine, the Finnish network equipment maker …
Russia to spend up to $10 billion from rainy-day fund on buying Russian shares, source says
– The Russian government has ordered the finance ministry to channel up to 1 trillion roubles ($10.3 billion) from the National Wealth Fund to buy …
TotalEnergies: will no longer provide capital for new projects in Russia
PARIS – TotalEnergies said it will no longer provide capital for new projects in Russia. “TotalEnergies supports the scope and strength of the sanctions put …
Volkswagen’s Skoda limits some output due to Ukraine, production in Russia still running
PRAGUE – Czech carmaker Skoda Auto, part of Volkswagen, will limit some production at its domestic plants due to supply shortages after Russia’s invasion of …
Hyundai to stop plant in Russia on March 1-5 amid supply crunch, Ifax says
MOSCOW – Hyundai Motor Co will suspend its car assembly plant in Russia’s St Petersburg on March 1-5 due to supply chain interruptions, Interfax newsagency …
Japan, U.S. finance chiefs pledge ‘maximum costs’ for Russia
TOKYO – Japan and the United States pledged on Tuesday to work together to force Russia to “pay the high price” for its invasion of …
California pension leaders differ on Russia divestment
By Ross Kerber BOSTON -Top California pension leaders on Monday offered different takes on whether the state’s big retirement funds should divest from Russian assets …
Shell Becomes Latest Big Oil Company To Distance Itself From Russia
Big Oil corporation Shell announced Monday that it would leave its partnership and ventures with Russian state-controlled energy giant Gazprom. Shell will divest from its …
Cummins says expects ‘some impact’ in Russia; Deere says to abide by sanctions
By Bianca Flowers – Cummins Inc. expects “some impact” to its business in Russia and is analyzing and preparing for current and anticipated sanctions, the …
New Jersey Legislators Move to Block Public Investments in Belarus and Russia
TRENTON, NJ – As the Russian invasion of Ukraine continues, legislators in New Jersey are moving to block public investments in Russia and Belarus. “Acting …
Race-Obsessed Liberals Somehow Find A Way To Make Russia Invading Ukraine About Race
As Russian President Vladimir Putin initiated an invasion of Ukraine early Thursday and reports of attacks began, prominent American liberals found a way to make …
Russia Deploys ‘Data-Wiping Malware’ To Cripple Ukrainian Government Systems
The latest string of Russian cyberattacks on Ukrainian systems has destroyed government and financial data, according to cybersecurity researchers. ESET Research detected a “new data-wiping …
Western Leaders Split On Whether To Boot Russia From Major Payment System
Western leaders are divided on the question of whether to kick Russia out of a major international payment system, a move that could cripple the …
Container lines suspend shipments to Russia, Maersk considering
LONDON/COPENHAGEN -Container shipping company Ocean Network Express (ONE) on Monday suspended bookings to and from Russia while Maersk said it was considering doing the same …
More investors join Russia exodus, find it hard to leave
By Simon Jessop, Karin Strohecker and Gwladys Fouche LONDON -The number of investors seeking to ditch their Russian holdings continued to grow on Monday following …
Putin bans forex transfers to outside Russia from March 1
MOSCOW – Russian President Vladimir Putin ordered a ban on foreign exchange loans and transfers by Russian residents to outside of Russia from March 1, …
Factbox-Corporate ties to Russia uprooted as sanctions tighten
– Companies have taken action to limit, put on hold or exit business activities in Russia following a wave of sanctions imposed after Moscow’s invasion …
Russia has internal replacement for SWIFT, cenbank says
– Russia has a system that can replace the SWIFT international payments system internally, Central Bank Governor Elvira Nabiullina said on Monday, stressing the need …
BIS says won’t be avenue for Russia sanctions to be circumvented
LONDON – The Bank for International Settlements, the umbrella body for central banks worldwide, said on Monday it would not be an avenue for any …
Daimler Truck suspends business activities in Russia
BERLIN – Daimler Truck said on Monday it would freeze its business activities in Russia with immediate effect, including its cooperation with Russian truck maker …
Talks between Ukraine and Russia have started, says Ukraine presidential advisor
LVIV – Talks between Ukraine and Russia have started at the Belarussian border, Ukrainian presidential advisor Mykhailo Podolyak told Reuters via text message on Monday. …
Russia to retaliate against sanctions on aviation industry, Kremlin says
MOSCOW – Moscow will retaliate against Western sanctions targeting Russia’s aviation industry over the invasion of Ukraine, Kremlin spokesperson Dmitry Peskov said on Monday. “The …
Ukraine’s delegation has arrived at border for talks with Russia, says presidency
LVIV – A Ukrainian delegation has arrived at the border with Belarus for talks on Monday with Russian representatives that will focus on achieving an …
BP slides as Russia exit plan may result in $25 billion bill
-Shares in BP fell nearly 7% on Monday after the British energy major revealed plans to sell its nearly 20% stake in Russian oil giant …
SocGen and Renault shares slump after sanctions on Russia
PARIS – Shares in Societe Generale, the French bank that owns Russia’s Rosbank, and carmaker Renault slumped on Monday after Western nations imposed sanctions on …
Russia interested in reaching agreement with Ukraine at talks, says negotiator
MOSCOW – Russia is interested in coming to an agreement that is in the interests of both sides at talks with Ukraine, Russian negotiator Vladimir …
Sanctions hit will see Russia economy contract 20% Q/Q in second quarter – JPMorgan
LONDON – Russia’s economy is expected to contract 20% in the second quarter and by around 3.5% for the full year following intensified sanctions, JPMorgan …
Analysis-As Russia invades Ukraine, Moscow battles big tech to control the narrative
By Elizabeth Culliford NEW YORK/MOSCOW – As Russian missiles rained down on Ukrainian cities, another battle took place online and over the airwaves. Moscow ramped …
Factbox-Companies with exposure to Russia
LONDON – International companies with exposure to Russia are girding for further Western sanctions following Moscow’s invasion of Ukraine. Here’s a list of some of …