Hints and tips:
Related Special Reports
...Analysis by the Bank of Finland Institute for Emerging Economies suggests the median price to Russia of a basket of Chinese goods that could support its war effort rose 78 per cent from 2021 to 2023....
...This opens a route for Russian foreign exchange reserves to be transferred to Ukraine without any confiscation ever happening. That matters....
...By sanctioning some Russian financial institutions, the west merely caused the accumulation of foreign assets to shift from sanctioned to non-sanctioned banks....
...The record profits are another sign of the relative resilience of the Russian economy despite US and European efforts to hurt it via trade restrictions and other punitive measures....
...The Russian finance ministry and the central bank did not immediately respond to requests for comment....
...The share of Chinese trade financed in renminbi has doubled in the past three years, helping it to overtake the euro as the world’s second most used currency for trade finance....
...The power company has secured hundreds of millions of dollars in emergency loans from the European Bank for Reconstruction and Development to fix electricity infrastructure hit by Russian bombs....
..., while keeping the pipes clear for the outflows of foreign currency reserves....
...A Russian court has frozen about $36mn worth of Goldman Sachs’ assets in the country after state-owned bank Otkritie, which is under western sanctions, filed a lawsuit against the US bank....
...The person said the US was also making clear to banks — in China and beyond — about the implications of facilitating trade payments from Russia to Chinese groups that help Moscow reconstitute its military...
...Russian assets: US-backed proposals to use more than €260bn of frozen assets to fund Ukraine risk breaking international law, European Central Bank president Christine Lagarde has warned. 2....
...Josep Borrell, the EU’s foreign policy supremo, claims support from the bloc’s foreign ministers for using most of Euroclear’s profits from blocked Russian state assets on weapons for Ukraine....
...By raising the stakes for banks supporting sensitive trade with Russia and continuing to sanction new front companies and procurement networks, our coalition is pouring sand into the gears of Russia’s military...
...The hard economic reality for anyone wanting to govern Britain Market failure: Rishi Sunak considers move to ban smoking for next generation Monetary policy: How long will the Bank of England keep interest...
...The voluntary withdrawal of Visa and Mastercard affected only those Russians fleeing Putin’s regime, while domestic banks continued processing the cards....
...Today’s top stories Russian President Vladimir Putin said his country was prepared for a nuclear war and that testing could resume on a new generation of weapons....
...Most of the world’s economic policymakers are in Washington this week for the IMF/World Bank spring meetings....
...The writer is a former president of the World Bank As Ukraine struggles to survive Russia’s relentless onslaught, the G7 countries are still debating the transfer of frozen Russian reserves to Ukraine....
...It is hard to understate the scale of the needed transformation. The EU was founded on the idea that openness and trade were channels for peace and prosperity, not vectors of vulnerability....
...All in all, Russian foreign policy is gaining some benefits from the close relationship with China, but at the risk of longer-term costs....
...The analysis accounts for $22bn of Russian imports over the first nine months of 2023 and highlights how outsourced production can make it easier for Russia to buy controlled goods from countries whose customs...
...In August, International Paper sold its stake in the Russian Ilim Group to its local partners for $484mn, equivalent to about a half of total foreign exchange trading volume on the Moscow stock exchange...
...bank VTB to convert roubles into US dollars....
...The US has proposed that the G7 should explore ways to seize $300bn in frozen Russian assets, as the allies rush to agree a plan in time for the second anniversary of Moscow’s full-scale invasion of Ukraine...
...But reforms brought in by the Kremlin last summer have made it much harder for foreign banks to sell their Russian subsidiaries....
International Edition