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US officials have raised concerns about effective sanctions on President Putin if Russia invades Ukraine because of “dirty money” tolerance in the UK.
European markets had a slightly more resilient tone yesterday, reversing some of their early week losses, however we still remain below the closing levels of last week, so it might be a little early to sound the all clear so to speak. US markets also saw another rollercoaster session, opening sharply lower, as they looked [...]
Euro 2020 may not have started yet but it has already kicked off between Ukraine and Russia. Ukraine tweaked the nose of Russia earlier this week when it revealed a Moscow-baiting new football kit, to be worn at Euro 2020. The yellow shirt features a map of Ukraine that includes Crimea, which Russia annexed in [...]
Switzerland has frozen the financial assets of the president of Belarus, Alexander Lukashenko, following the violent aftermath of the elections in the east European country. Lukashenko and son Viktor are among 15 people banned from entering or travelling through Switzerland, the government said. The individuals are alleged to be responsible for the use of violence [...]
Russia and Ukraine have exchanged prisoners in a long-awaited deal that is widely hoped will reduce tensions between the pair. Among the 70 prisoners freed were the 24 Ukrainian sailors, a “person of interest” regarding the crash of flight MH17 that took the lives of 298 people, and Ukrainian film director Oleg Sentsov. Read more: [...]
International Monetary Fund (IMF) boss Christine Lagarde has said that Ukraine's economic reforms are starting to yield results, and the country is on the cusp of "turning the corner". Lagarde stressed she was "extremely encouraged" by the recent progress towards stabilising Ukraine's economy, even against a backdrop of difficult circumstances. The heavily indebted country has suffered amid [...]
Ukraine has cut its interest rate to 27 per cent, a reduction of three percentage points – despite having inflation of 55.3 per cent in July. The Ukrainian central bank said in a statement: "Tight monetary policy pursued by the National Bank of Ukraine for the past six months has significantly contributed to reducing inflation [...]
I am becoming worryingly convinced that Vladimir Putin must be a big fan of this column. Just a few days on from me revealing that he is odds-on favourite to become the super-villain in the next Bond caper, the Russian President confirmed my worst suspicions. Falling back on one of his late-Roger-Moore-era stunts, Putin piloted [...]
Russian gas company Gazprom announced today that it has stopped all natural gas supplies to Ukraine, after a bid to hash out a quarterly price agreement between the two countries fell through. "Ukraine did not pay for July gas supplies," Gazprom said in a statement. "Gasprom halted gas supplies to Ukraine from 10am (7.00am GMT) [...]
The rouble fell 0.4 per cent against the dollar to $0.01848 in the early afternoon after reports suggested ambassadors from all 28 EU member states had agreed to extend sanctions against Russia by six months. Reuters reported sources saying the sanctions, which were due to expire in July, will run until January next year. Imposed [...]
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