Russia

5 ways Russian sanctions are affecting global financial markets – POLITICO Europe

It’s been over a month since Russian troops attacked Ukraine — and financial markets are still processing the reality of war in Europe and extensive Western sanctions against Moscow. The Moscow Stock Exchange partially reopened its doors last Thursday, with restrictions on foreign investors and short-selling propping up the market — which the U.S. described …

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Tina Fordham: ‘As long as Putin is in the Kremlin, global finance will not be able to work with Russia’ – Financial News

Tina Fordham’s time is in demand. The first and one of the only chief political analysts at a Wall Street bank, she is going it alone after more than 20 years at Citigroup to start her own geopolitical consultancy — just as Russia is launching a full-scale invasion of Ukraine. Fordham has styled herself as …

Tina Fordham: ‘As long as Putin is in the Kremlin, global finance will not be able to work with Russia’ – Financial News Read More »

NDTV News

UK's Indian-Origin Finance Minister Faces Questions On Wife's Russia Link – NDTV

“I have absolutely no idea,” replied Sunak over his wife’s link in Infosys, present in Moscow. London: UK Chancellor of the Exchequer Rishi Sunak on Thursday faced questions about the Russian presence of Infosys, the Indian software services company in which his wife Akshata Murty has a share. With reference to stringent sanctions being imposed …

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Russia to Use Yuan From Its Forex Reserves, Finance Minister Says – U.S. News & World Report

(Reuters) – 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 reserves, Finance Minister Anton Siluanov said on Monday. The finance ministry will instruct the payment of a coupon on a sovereign Eurobond issue due on Wednesday in foreign currency …

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Russian Finance Minister Proposes to Reallocate $5 Billion in Budget Spending in 2022 – U.S News & World Report Money

(Reuters) – Russia’s Finance Ministry said on Friday it has sent its proposals to reallocate 485.9 billion roubles ($5 billion) of budget spending in 2022 to focus on the most important expenditures needed to mitigate the Western sanctions. ($1 = 99.7500 roubles) (Reporting by Reuters; Editing by Alex Richardson) Copyright 2022 Thomson Reuters.

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Ball in U.S. Court on Russian Eurobond Payments, Finance Minister Says – U.S News & World Report Money

(Reuters) – The ball is in the United States’ court as to whether payments due on Wednesday on two Russian dollar-denominated Eurobonds will go through, and Washington should clarify whether the settlements are possible, Finance Minister Anton Siluanov said. The economic cost of Russia’s actions in Ukraine has been fully exposed as President Vladimir Putin’s …

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UK Finance Watchdog Studies 'Side Pockets' for Parking Sanctioned Russian Assets – U.S News & World Report Money

LONDON (Reuters) – Britain’s financial watchdog said on Wednesday it has begun discussions with the asset management sector on using “side pockets” for parking Russian and Belarusian assets which have been suspended due to sanctions. Side pockets would allow a fund to separate suspended assets that are difficult to sell or value, from other core …

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