Ukraine

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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Growing political tension in Pak poses risks for economy: Finance Ministry – Business Standard

The political situation in Pakistan is one of the main domestic risks to the economy due to uncertainty over the growing tensions between the government and opposition alliance, endangering a fragile economic recovery, the Ministry of Finance warned. “The domestic and international scenario has begun to change which may have …

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How to Avoid Ukraine Scams | Family Finance | US News – U.S News & World Report Money

If you want to help people suffering from the war in Ukraine, there are plenty of worthwhile causes and charities accepting donations. But experts warn that there are also plenty of Ukraine-related scams targeting consumers that span fundraising, social media, cryptocurrency and even dating. Here’s a look at several types of scams aiming to profit …

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Financial advisors are still reluctant to use cryptocurrencies. Investor demand may change that – CNBC

A man walks past a bitcoin symbol in the window of a company that offers blockchain application services on Dec. 21, 2021 in Berlin, Germany. Bitcoin and other virtual currencies rose strongly in value in 2021. Sean Gallup | Getty Images News | Getty Images Financial advisors have been reluctant to integrate cryptocurrency into client …

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How the West Unplugged Russia From the World’s Financial Systems – The Wall Street Journal

Two weeks ago, Russia’s companies could sell their goods around the globe and take in investments from overseas stock-index funds. Its citizens could buy MacBooks and Toyotas at home, and freely spend their rubles abroad. Now they are in a financial bind. Soon after Russia invaded Ukraine, another war began to isolate its economy and …

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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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