UK chairman of Polymetal among ‘mass exodus’ from Russian firms
By Sachin Ravikumar -Board members at Russian companies, including the British chairmen of gold and silver producer Polymetal and metals and hydropower group EN+, have …
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London bullion market bars Russian gold refineries
By Peter Hobson LONDON – The London Bullion Market Association (LBMA) said on Monday it had suspended its accreditation of six Russian precious metals refiners, …
Governments urged to give banks more detail on Russian sanctions
By Huw Jones LONDON – Banks need to be given more guidance on how to sever ties with Russia because they have never before had …
Stock Market Sinks, Oil Tops $130 As West Considers Russian Energy Sanctions
Stock Market Sinks, Oil Tops $130 As West Considers Russian Energy Sanctions Thomas Catenacci on March 7, 2022 The stock market dropped during early trading …
Russian no show at U.N. court hearing on Ukrainian ‘genocide’
By Stephanie van den Berg THE HAGUE -Ukraine sought an emergency order from the United Nations’ highest court on Monday to halt hostilities on its …
How U.S. law enforcement could take control of Russian oligarchs’ assets
By Luc Cohen NEW YORK – The U.S. Justice Department last week launched a task force aimed at choking off assets that Russian oligarchs own …
Iran says Russian demand at nuclear talks ‘not constructive’ – report
DUBAI – Iranian officials said Russia’s demands at talks on Iran’s nuclear deal in Vienna are “not constructive”, Iran’s semi-official Tasnim news agency reported on …
Explainer-Is the war in Ukraine impacting Russian gas supplies to Europe?
LONDON – Despite the cascade of Western sanctions on Russia in response to its invasion of Ukraine, one thing hasn’t been affected so far – …
Russian police detained 5,000 people at Sunday’s anti-war protests – monitor
LONDON – Police detained 5,020 people at anti-war protests in Russia on Sunday, the OVD-Info monitoring group said on Monday. Russia’s last protests with a …
Any decision to stop Russian energy imports would hit next winter’s supplies – Engie CEO
PARIS – Engie chief executive Catherine MacGregor said on Monday that any decision to stop Russian energy imports in retaliation for Russia’s invasion of Ukraine …
U.S. Congress to ‘explore’ Russian oil ban, enact $10 billion in aid for Ukraine this week -House Speaker Pelosi
WASHINGTON – U.S. House of Representatives Speaker Nancy Pelosi on Sunday said the chamber is “exploring” legislation to ban import of Russian oil and that …
JPMorgan polls investors over potential exclusion of Russian debt from indexes
LONDON – JPMorgan, which runs the most widely used emerging market bond indexes, is polling investors over the potential exclusion of Russia’s local and hard …
Russian and Ukrainian weapons compete at Saudi defence show
RIYADH – As the tragic reality of war unfolds in eastern Europe, visitors to a defence show in Saudi Arabia were met with the surreal …
Russian banks rush to switch to Chinese card system
– Several Russian banks said on Sunday they would soon start issuing cards using the Chinese UnionPay card operator’s system coupled with Russia’s own Mir …
U.S. officials travel to Venezuela, a Russian ally, for talks – source
By Matt Spetalnick WASHINGTON -Senior U.S. officials traveled to Venezuela on Saturday for talks with President Nicolas Maduro’s government, seeking to determine whether Caracas is …
Shell to put profits from Russian oil trade into Ukraine aid fund
By Ron Bousso LONDON – Oil major Royal Dutch Shell will put profits from any Russian oil it purchases into a fund that will go …
Zara owner Inditex closes Russian stores and online platform
MADRID -Spanish fashion retailer Inditex has halted trading in Russia, closing its 502 shops and stopping online sales, the company said in a statement on …
Italy steps up freezing of assets linked to Russian oligarchs
ROME – Italian banks were instructed by the Bank of Italy’s financial intelligence division on Friday to urgently let it know of all measures taken …
Canadian business jet maker Bombardier suspends all activities with Russian clients
MONTREAL – Business jet maker Bombardier Inc said on Friday it has suspended all activities with Russian clients, as more companies cut ties in the …
‘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 …
Distraught Russian Stock Analyst Toasts To The Death Of His Nation’s Stock Market Live On Air
Distraught Russian Stock Analyst Toasts To The Death Of His Nation’s Stock Market Live On Air Sebastian Hughes on March 4, 2022 A Russian stock …
US Embassy In Ukraine: Russian Attack On Nuclear Power Plant Is A ‘War Crime’
US Embassy In Ukraine: Russian Attack On Nuclear Power Plant Is A ‘War Crime’ Andrew Trunsky on March 4, 2022 The United States embassy in …
Factbox-Commodity prices fly as sanctions disrupt Russian exports
LONDON – Prices of raw materials such as oil, wheat, aluminium and nickel have soared to multi-year highs since Russia invaded Ukraine on Feb. 24 …
Julius Baer halts business with new Russian clients -sources
By Brenna Hughes Neghaiwi and Saeed Azhar ZURICH – Swiss wealth manager Julius Baer has halted any new business with wealthy Russians, two sources familiar …
Analysis-How the Biden White House is fighting Russian disinformation
By Nandita Bose WASHINGTON – As the United States and Western allies grapple with Russia’s invasion of Ukraine, the Biden administration is taking a unique …
Massive Bipartisan Coalition Introduces Legislation Banning Russian Oil Imports
A group of bicameral Republican and Democratic lawmakers introduced legislation Thursday that would prohibit the U.S. from importing Russian oil and petroleum products. Senate Energy …
Nancy Pelosi Echoes Republicans’ Calls For Russian Oil Import Ban
House Speaker Nancy Pelosi said she would support a ban on Russian oil imports, aligning herself with bipartisan lawmakers pushing for energy independence. “I’m all …
Dutch bank ING says $770 million in loans affected by Russian sanctions
AMSTERDAM – Dutch bank ING provided an update on Friday on its exposure in Russia and Ukraine, saying that about 700 million euros ($771 million) …
New Jersey lawmakers pass bill to prohibit Russian investments
TRENTON, NJ – Democrats and Republicans in Trenton united in solidarity with Ukraine as the country continues to be attacked and bombed by Russian forces. …
TV Producer For Russian Oligarch Charged With Violating Crimea-Related Sanctions
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director-in-Charge of the New York Office …
Goldman Sachs GQG fund cuts Russian exposure to $222 million
By Davide Barbuscia NEW YORK – Goldman Sachs Asset Management has reduced the Russian exposure in its GQG international equity fund to about $222 million, …
JPMorgan: Shock to Russian GDP will be akin to 1998 crisis
LONDON – JPMorgan said on Thursday it expected Russia’s economy to contract 35% in the second quarter and 7% in 2022 with the economy suffering …
France Seizes Russian Energy Oligarch’s $120 Million Super-Yacht
The French government seized a massive yacht belonging to Russian oligarch Igor Sechin, the head of a state-run energy giant, France’s finance ministry said. French …
No restrictions on paying debts to non-residents in FX, says Russian central bank
MOSCOW – No restrictions stopping people from paying debts in foreign currency to a foreign company or bank have been introduced, Russia’s central bank said …
Investors warn of unintended consequences as companies cut Russian ties
By Ross Kerber – A responsible-investing group representing $10 trillion of assets under management and advisement said companies could be right to cut Russian business …
Russian air space closure means millions in extra costs -Lufthansa CEO
BERLIN – Lufthansa Chief Executive Carsten Spohr said routing flights to avoid Russian air space will increase costs for the German flagship carrier by a …
Germany wants inquiry into Russian human rights violations in Ukraine
GENEVA – German Foreign Minister Annalena Baerbock called on Thursday for an urgent inquiry to investigate what she called human rights violations committed by Russia …
Exclusive – Russian firms rush to open Chinese bank accounts as sanctions bite – sources
By Samuel Shen and Andrew Galbraith SHANGHAI – The Moscow branch of a Chinese state bank has seen a surge in enquiries from Russian firms …
Russian finance ministry halts forex, gold purchases for 2022
MOSCOW – Russia’s finance ministry said on Thursday that it was halting purchases of foreign currency and gold for this year as part of a …
In China, a run on Russian chocolates as show of support
BEIJING – A Russian-run online store on Chinese e-commerce platform JD.com thanked Chinese shoppers for their support after it sold out of most items including …
PMI shows Russian service sector grew in Feb, does not mention Ukraine
– Business activity in the Russian service sector returned to growth in February as inflationary pressure eased and business confidence reached a five-month high, the …
White House Announces Fresh Sanctions That Target Russian Energy Sector ‘Over Time’
The Biden administration unveiled a round of fresh sanctions Wednesday, in part targeting a small portion of Russia’s massive oil and gas industry. The Department …
U.S. preparing further sanctions against Russian oligarchs -sources
By Daphne Psaledakis and Matt Spetalnick WASHINGTON -The United States is preparing a sanctions package targeting more Russian oligarchs as well as their companies and …
Yellen says Treasury to curb wealth of Russian oligarchs over Ukraine war
By David Lawder CHICAGO – U.S. Treasury Secretary Janet Yellen said on Wednesday that the United States and Western allies have immobilized half of the …
Russian banking liquidity shortage widens to 7 trillion roubles, central bank says
MOSCOW – The Russian banking system’s liquidity shortage widened to 6.9 trillion roubles ($68.25 billion) on Wednesday, the central bank said, up from 5.4 trillion …
Seaborne Russian gas supplies to Europe disrupted by looming port bans
By Nora Buli, Jonathan Saul and Marwa Rashad OSLO/LONDON – Supplies of Russian liquefied natural gas (LNG) to Europe have been disrupted by uncertainty over …
Factbox-What is the chain of command for potential Russian nuclear strikes?
– Russian President Vladimir Putin said at the weekend that his nation’s nuclear forces should be put on high alert, raising fears that Russia’s invasion …
Russian oil disruptions escalate, global prices rise
By Dmitry Zhdannikov and Julia Payne LONDON – Disruptions to Russian oil exports intensified on Wednesday with more countries and companies refusing to import and …
Here’s why Ukrainians are putting styrofoam in the Molotov cocktails for Russian invaders
The Ukrainian people have united and videos on social media show Ukrainian civilians creating thousands of homemade Molotov cocktails to greet invading Russian troops when …
Russian inflation accelerates to 9.05% as rouble slips
MOSCOW – Annual consumer inflation in Russia accelerated to 9.05% as of Feb. 25 from 8.84% a week earlier, the economy ministry said on Wednesday, …