Tag Archives: sanctions

Latest economic data published by Moscow do not track private-sector surveys that show a sharp contraction in Russian manufacturing. The consequences of harsh economic sanctions against Russia are already being felt across the globe. Experts are busy explaining the significance of what has happened so far and how the conflict …

Russia’s annual inflation accelerated to 17.70 percent as of April 22, the highest level since early 2002, and up from 17.62 percent a week ago, due to sharp price hikes amid Western sanctions, the Russian Economy Ministry said on Wednesday. Prices of just about everything, from vegetables and sugar to …

The NZD/USD pair is down by 0.33% from a high of 0.6590 but has consolidated into the close in the North American session above the tailspin lows of 0.6527. The pair has been pressured on Wednesday ahead of key data for the US on Thursday and the Federal Reserve next …

Germany’s exports to Russia fell 57.5 percent to 1.1 billion euros ($1.2 billion) in March due to sanctions imposed on Moscow after its invasion of Ukraine, the German Federal Statistics Office said on Thursday. This pushed Russia down from the fifth largest market for Germany outside the European Union in …

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 …

US stock markets were closed for Good Friday and other holidays, while Asian indexes fell. US indexes finished the trading week with declines as investors worried about persistent inflation, prospects of economic slowdown. In addition to US stock markets, bond and commodities markets were also closed Friday. Economic DataFriday witnessed …

The Russian economy is poised to collapse this year after the U.S. and its European allies hit the Kremlin with a slew of crippling financial penalties over its unprovoked invasion of Ukraine. Russian manufacturing activity plunged in March, contracting at the sharpest pace since May 2020 as businesses confronted a …

Kremlin aide Maxim Oreshkin was quoted by the RIA news agency as saying on Friday that Russian imports fell sharply in March due to logistical restrictions and the withdrawal of Western companies from the country. He expected the decline to reach “tens of percent”. The Russian current account surplus is …

US Treasury Secretary Janet Yellen said on Wednesday that it will be “a long time, if ever” before the US dollar is replaced as the key currency for the global economy. The impact of sanctions on Russia show the importance of the US dollar and euro, as well the US’ …

A market breakdown could have extensive economic consequences. The US central bank is believed to be aware of the necessity of being prepared to lend emergency support in the aftermath of the sanctions imposed on Russia, given the fact that the sanctioned country is undoubtedly one of the globe’s largest …