U.S. President Joe Biden will announce new anti-Russian sanctions on Tuesday, March 8, because of the events in Ukraine. “The President will announce actions to continue to hold Russia accountable for its unprovoked and undeclared war against Ukraine,” the U.S. president’s updated work schedule said. Biden is scheduled to speak at 18:45 Moscow time. A […]

Russia has become the world leader in terms of the number of sanctions imposed on it by other countries. This is stated in the data of the global database for tracking sanctions restrictions Castellum.ai. Until February 22, Russia was in second place after Iran. At that time, 3,616 restrictions were imposed against Tehran and 2,754 […]

British-Dutch Shell will close its gas stations in Russia, as well as abandon Russian oil and gas projects, Bloomberg writes. We will immediately stop buying Russian crude oil on the spot market and will not extend forward contracts. At the same time, in close consultation with governments, we will change our crude supply chain to […]

The dollar rose in value to 130 rubles in international trading, Coca-Cola will suspend business in Russia, PepsiCo will refuse drinks and advertising – these and other important news for Wednesday morning, March 9, in our daily review. U.S. businesses have been asking U.S. President Joe Biden since early March not to ban uranium imports […]

U.S. indexes jumped up and down in a volatile session after U.S. President Joe Biden announced he would ban oil and energy imports from Russia. Britain also said it would stop importing Russian oil and other energy products by the end of the year, Reuters reported. Oil prices have soared above $130 a barrel for […]

Fitch Group has decided to immediately suspend its commercial activities in Russia, according to a press release from the group. The group’s operations cover credit ratings and other services provided in Russia through Fitch Ratings and Fitch Solutions divisions. The group will continue to provide the market with analytical reports prepared outside the country. Fitch […]

The euro exchange rate in the course of trading on the Moscow Exchange on Wednesday morning updated the historical maximum and hit a new upper limit set by the exchange – 127.425 rubles; the dollar was trading near the mark of 117.355 rubles. The US dollar exchange rate amounted to 117.355 rubles at 12:05 Moscow […]

The pace of consumer price growth in China stabilized in February, while the increase in producer prices continued to slow down. Consumer prices (CPI) rose 0.9% year-on-year last month, China’s State Statistics Office (SSO) said. It was the smallest rise since September last year. The result matched both the average forecast of analysts surveyed by […]

Russian President Vladimir Putin has signed a law abolishing VAT on investment gold for individuals, the text of the law was published on the official portal of legal information. It follows from the document that this measure was taken in order to introduce precious metals in bullion into circulation for individuals. The law exempts from […]

Russian President Vladimir Putin has signed a law providing for a number of measures in the economy and social sphere under foreign sanctions. The document was published on the official Internet portal of legal information on Tuesday. Under the law, the government will be able to carry out additional indexation of insurance pensions, pension coefficient […]

Russian Foreign Ministry spokesperson Maria Zakharova has commented on the course of the military special operation in Ukraine. According to her, there was no question of any peaceful use of biological programs in Ukraine, they were supported by the US Department of Defense, RIA Novosti reported. Zakharova also said that the Russian side was wondering […]

Payment system Visa has extended the period of work with Russian cards for one day – until March 11, follows from the company’s message. Starting from this date, cards issued in Russia will not work abroad and will not be accepted for payment in foreign online stores. Domestically, Visa cards will continue to work as […]

Bitcoin and other cryptocurrencies rallied sharply after the U.S. Treasury Department released details of an executive order from President Joe Biden that appears to support a stance on digital assets, CNBC writes. The cryptocurrency rally began back on Tuesday night, after the Treasury Department released details and a statement online in response to the US […]

United Arab Emirates (UAE) Energy Minister Suheil al-Mazroui said the country will abide by the terms of the OPEC+ agreement on oil production adjustments. “The UAE is committed to the OPEC+ agreement and the existing monthly production adjustment mechanism,” he tweeted, adding that “the UAE believes in OPEC’s value to the oil market.” OPEC+ countries […]

The world’s largest online retailer Amazon.com Inc. has announced a 20-to-1 stock split. According to the company’s announcement, shareholders will receive 19 shares in addition to each Amazon paper they own. The company has also launched a share repurchase program of up to $10 billion. The stock split does not necessarily change the value of […]

In February 2022, consumer prices in Germany, calculated according to national standards, rose by 5.1% compared to the same month in 2021, after rising by 4.9% a month earlier, final data from the country’s Federal Statistical Office (Destatis) showed. Relative to the previous month, prices increased by 0.9%. The dynamics of indicators coincided with the […]

This morning, oil prices showed a slight increase after volatile trading the day before, but later again corrected to decline. Yesterday, the benchmark grades demonstrated active growth, the rise was up to 6%. However, in the evening quotations went down due to the strengthening of the dollar, which reduced the attractiveness of raw materials for […]

The Walt Disney Company has announced the suspension of all activities in Russia due to the events in Ukraine. In a statement released Thursday, the company recalls that it had previously suspended the transfer of films for commercial distribution in Russia. Now Walt Disney is “taking steps to suspend all other business in Russia.” This […]