Tag Archives: sanctions

Russia is spiraling closer to a historic debt default that could ripple throughout the global economy after the U.S. and its European allies hit the Kremlin with a slew of crippling financial sanctions. Moscow’s invasion of Ukraine nearly one month ago, the biggest attack on a European state in decades, …

European stocks rose to near two-week highs on Wednesday after China promised to roll out more stimulus to boost its economy, while hopes of progress in Ukraine-Russia peace talks kept the mood buoyant. The pan-European STOXX 600 index rose 2.2%, hitting its highest since March 3. Battered stock markets in …

Tesla is raising prices for its entire electric car lineup – a move that came days after CEO Elon Musk warned the firm was under “significant” inflationary pressure given the rising cost of key commodities following the Russian invasion of Ukraine.For example, Tesla’s cheapest available car, the Model 3 with …

Russia’s foreign ministry said, Tuesday, that Russia has decided to impose sanctions on US President Joe Biden and Secretary of State Anthony Blinken.“Russian sanctions also apply to US Defense Minister, National Security Adviser, Chief of CIA and others”. As for the market’s reaction, this development doesn’t seem to be having …

Market players tried to remain optimistic about a potential diplomatic solution to the Russia-Ukraine conflict but peace talks yielded no results.The positive sentiment diluted as the day went by, with Wall Street ending the day in the red territory after a strong opening.Economic DataThe economic calendar on Monday witnessed no …

Russia’s economy has been suffering long before the invasion of Ukraine. That suffering is now increasing but a total collapse is unlikely. It looks like Russia has built an economy that is geared for conflict.The Russian government’s involvement in the economy, and the money it continues to make from oil …

Russia made a request to China for military assistance at some point after the start of the now three-week invasion of Ukraine.The US has told allies that China signaled its willingness to provide military assistance to Russia, according to officials familiar with American diplomatic cables on the exchange.The cables, which …

European shares rose on Monday after investors pinned their hopes on Ukrainian-Russian diplomatic efforts to end the weeks-long war, while Volkswagen rose after its operating profit doubled. The pan-European STOXX 600 index rose 1 percent, extending gains made on Friday after Russian President Vladimir Putin signaled a positive turn in …

In a public address at the White House, US President Joe Biden confirmed on Friday that US would revoke permanent normal trade relations (PNTR) with Russia.US allies would also announce new actions against Russia on Friday, Biden said. The US is also to ban the imports of Russian luxury goods, …

European shares rose on Friday, recouping some of Thursday’s losses, which were close to 2%, after a sudden shift by the European Central Bank towards tightening monetary policy, as it said it would stop pumping money into financial markets this summer. The pan-European Stoxx 600 index rose 0.6 percent, after …