Bitcoin holding steady in the face of Putin’s escalating threats February 28, 2022 The price of Bitcoin, the largest cryptocurrency by market cap, climbed past $39k yesterday and even looked set to surpass $40k, before dropping back to $38,500 last night.
Ukraine vice prime minister urges crypto exchanges to block Russian users February 28, 2022 Ukraine’s vice prime minister has called for crypto exchanges to block Russian accounts amid concerns digital assets are being used to evade sanctions. Mykhailo Fedorov made the plea on Twitter yesterday as invading Russian forces advanced on Kyiv, the country’s capital city. “I am asking all major crypto exchanges to block addresses of Russian users,” [...]
Abramovich-owned steelmaker Evraz plunges in value as sanctions spark investor exodus February 28, 2022 Shares in Russian steelmaking giant Evraz plunged over 20 per cent this morning as Western sanctions sent the Russian economy into chaos, with the rouble falling over 28 per cent.
Poland and Sweden pile pressure on Fifa to expel Russia from World Cup February 28, 2022 Poland’s football association has criticised Fifa for allowing Russia to carry on competing at international level, calling the stance “totally unacceptable”. On Sunday Fifa issued a list of sanctions against Russia following the state’s invasion of Ukraine, including that they must compete as the Football Union of Russia on neutral territory and without an anthem [...]
Shares in BP slump sharply following decision to sell stake in Russian oil giant Rosneft February 28, 2022 Shares in BP slumped sharply after the markets opened lower again in London. The oil giant initially dropped by as much as seven per cent, before moving back to roughly 5.58 per cent lower at 363p per share following its decision to sell its nearly 20% stake in Russian oil business Rosneft. The FTSE 100 [...]
Not a good morning for Putin: 500 Russian soldiers killed, rouble crashes, bankrun in Moscow, Russia kicked out of SWIFT February 28, 2022 Tens of thousands of Russians are trying to take out cash across the Russian capital of Moscow, while the Russian rouble is down by nearly 30 per cent cent against the US dollar this morning after Western nations moved to block Russian banks from the SWIFT global payment system. The rouble was trading at a [...]
Norwegian wealth fund to dump all Russian holdings following Ukraine invasion February 27, 2022 Norway’s $1.3 trillion sovereign wealth fund will drop all its Russian holdings following Russia’s invasion of Ukraine, the prime minister said today. The fund’s Russian assets consist of shares in 47 companies and government bonds worth $2.83bn, the Oslo government said. “We have decided to freeze the fund’s investments and have begun the process of [...]
Editorial: Business should be just business, until it’s much more than that February 27, 2022 ONE assumes it wasn’t supposed to play out quite like this for Vladimir Putin. The Russian President surely anticipated a quick and easy military incursion into Ukraine – a military horribly overmatched, an inexperienced leader, and with the west unwilling to support. It is still so very early, but it does not appear that Putin [...]
Russia central bank pleads with citizens to exercise restraint as lenders brace for SWIFT exit February 27, 2022 Russia’s economy is set to descend into turmoil after an alliance of Western nations over the weekend launched a sweeping set of sanctions to hobble the country’s financial system. The measures prompted Russia’s central bank yesterday to plead with the country’s citizens to exercise calm amid growing concerns among Russian citizens that their money could [...]
EU closes airspace to Russian air traffic February 27, 2022 The EU is closing its airspace to Russian air traffic as part of a new set of measures against the Kremlin’s invasion of Ukraine, European Commission president Ursula von der Leyen said this afternoon. “We are shutting down the the EU airspace for Russians,” she said during a press conference. “We’re proposing a prohibition on [...]