Tag Archives: Western allies

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 …

As market participants expected, in a public address from the White House, US President Joe Biden announced US ban on all Russian imports including oil and gas.Biden’s decision was made in consultation with the US’s Western allies, Biden added, noting that he understood that many European allies that don’t produce …

The GBP/USD is back into the red territory on Monday as the US session continues in risk-off sentiment. At 1.3404, the price is down 0.04% after travelling between a low of 1.3307 and a high of 1.3431. The Sterling declined on Monday after Western nations imposed tough new sanctions on …