Tag Archives: Russian invasion of Ukraine

Western countries should not appease Russia following its invasion of Ukraine even if there are difficult economic consequences, Bank of England Governor Andrew Bailey said on Thursday. “What Russia is doing in Ukraine is appalling,” Bailey said at a discussion in Washington hosted by the Peterson Institute for International Economics.“My …

Gold prices fell on Tuesday as the dollar rose on expectations that prices may in the near term retest the resilience of the yellow metal at the key level of $2000 an ounce. Spot gold fell 0.2 percent to 1975.36 dollars an ounce, and US gold futures fell 0.4 percent …

Oil prices are on the front foot on Monday amid heightened geopolitical tensions and OPEC supply concerns. WTI is heading towards $110 again, up over $16 versus last week’s lows, and eyeing recent highs around $116.Oil prices put in a strong rally on Monday as concerns regarding an escalation of …

The Gold Price remains poised to recapture $2,000, and trades around 1.0% higher on the day. Elevated inflation, recession risks and the Russia-Ukraine war continue to boost the precious metal safe-haven appeal.This week’s speech from Fed Chair Jerome Powell will keep precious metal traders on their toes. Gold prices came …

The ruble swung around the 80 level against the dollar on Monday, while stock indices slipped slightly as the market lacked fresh momentum and monitored developments around what Russia calls a “special military operation” in Ukraine. The Ukrainian Foreign Minister said that there had been no diplomatic contact between Russia …

The euro plunged to a two-year low against the dollar on Thursday, as comments by European Central Bank President Christine Lagarde were taken as a sign that the bank will not be in a rush to raise interest rates. The euro fell to $1.0758, its lowest since April 2020. Lagarde …

The German Foriegn Minister on Monday said that EU Foreign Ministers had agreed that weapon deliveries to Ukraine would be intensified and noted that Ukrainians can only be defended with weapons. The German Foreign Minister added that it is important that the EU doesn’t disappoint the ambition of Western Balkan …

Ukrainian Prime Minister Denis Shmyhal said on Friday that this year’s grain harvest is likely to be 20 percent below its level last year due to the shrinkage of the cultivated area after the Russian invasion. He said there is a shortage of fuel for farmers, but Ukraine knows how …

The Russian Kremlin said that its country could default on its debt performance in theory, but this would be an artificial situation after the Ministry of Finance decided to make payments on sovereign Eurobonds in Russian rubles. The Kremlin spokesman said there are no real reasons for default, adding that …

Amid a looming new sanctions package, the US Treasury Department’s new move would prohibit Russia from using funds held in American banks to pay debt obligations. The Treasury Department on Monday prohibited Russia from withdrawing funds held in American banks to pay its debt obligations, a major escalation aimed at …