Tag Archives: sanctions

Moody’s, a credit rating agency, confirmed that Russia had defaulted on its foreign debt for the first time in 100 years after bondholders confirmed they had not received an interest payment of $100 million. Moody’s said Russian sovereign debt holders had not received their $100 million euro bond payment coupons …

A Russian Kremlin spokesman has rejected accusations that Russia has defaulted on its foreign debt for the first time in more than a century. In a call with reporters, Kremlin spokesman Dmitry Peskov said that Russia had made bond payments due in May but had been blocked by Euroclear due …

Data from trade sources showed that Russia became India’s second-largest supplier of oil in May, pushing Saudi Arabia to third place, with Iraq remaining its largest supplier. The data indicated that Indian refineries received in May about 819,000 barrels per day of Russian oil, the highest level so far from …

In the days after Russia invaded Ukraine in February 2022 and the west imposed sanctions, Russia’s ruble collapsed. The number of rubles to one US dollar quickly fell from about 78 to 138, a huge move in the world of forex, and terrifying for those with their wealth in the …

The Kremlin said on Thursday that no agreement had been reached with Turkey on the export of Ukrainian grain shipments through the Black Sea. Kremlin spokesman Dmitry Peskov told reporters that work was continuing to reach an agreement. Turkey has been pressing for an agreement between Russia and Ukraine on …

The UK is considering stricter enforcement of the economic sanctions measures next week after passing a relevant legislation in the wake of Russia’s invasion of Ukraine.Starting June 15, the UK’s Office of Financial Sanctions Implementation will not have to seek evidence that companies or individuals who violate the country’s sanctions …

EU leaders are meeting for an off-schedule summit with some progress regarding Russian sanctions. The EU Council President Charles Michel said the officials have agreed to ban the export of Russian oil to the EU. According to Michel, the EU ”agrees to de-swifting the largest Russian bank Sberbank, banning 3 …

If the Russian ruble is, against any practical scale, an indicator of the nation’s economic conditions, one can easily conclude that an initial storm has been caused by the West’s sanctions. When the West reacted to Russia’s military operation in Ukraine with a bulk of financial and trade sanctions, the …

The Kremlin on Thursday rejected accusations from the United States and the European Union that Russia was blocking grain exports from Ukraine, blaming the West for creating this situation due to the imposition of sanctions.“We do not categorically accept these accusations. On the contrary, we hold Western countries responsible for …

Oil prices rose on Thursday, continuing a cautious performance this week amid signs of tight supplies as the European Union discussed with Hungary plans to ban imports from Russia, the world’s second-largest crude exporter, after it invaded Ukraine. Brent crude futures for July delivery rose 47 cents, or 0.41 percent, …