Russian troops continue to close in on Kiev, Ukraine’s capital, as Moscow defied new sanctions imposed by Western powers. European stock indexes rebounded, but the market on Wall Street will open lower ahead of a flood of economic data that could guide the Federal Reserve at next week’s monetary policy-setting meeting. Crude oil prices stabilized […]

Private brokerage companies saw an active inflow of new clients at the end of last week, the Kommersant newspaper reported citing its sources. Thus, the number of accounts opened at “BKS Investment World” on February 24 and 25 quadrupled compared to the previous days. Raiffeisen Capital told the publication about “clients’ interest” in opening new […]

The Board of Directors of the Bank of Russia decided to raise the key rate from February 28, 2022 to 20.00% from 9.50%, the regulator said. At the same time, the Ministry of Finance and the CBR reported that today it will decide to introduce a mandatory sale of foreign currency for exporters from February […]

The current unprecedented intensity and breadth of Western sanctions against Russia raises concerns about their overall impact on the global economy and the possibility of a retaliatory response from Russia, Julia Friedlander, director of the Atlantic Council’s Economic Governance Initiative, told The Wall Street Journal. “I am concerned about the consequences of the destruction of […]

The Russian government is ready to additional capitalize commercial banks and is also planning a large-scale capital amnesty amid tough Western sanctions in response to Russia’s invasion of Ukraine. “The government together with the Bank of Russia is monitoring the situation on financial markets and will take measures if necessary in order to maintain financial […]

Citigroup Inc on Monday reported total assets at risk in Russia of $5.4 billion at the end of December, up from $5.5 billion at the end of September. The bank’s total assets to third parties in Russia totaled nearly $8.2 billion as of Dec. 31, the bank said in a filing with the SEC.

TCS Group founder Oleg Tinkov said that states should spend money not on military conflicts, but on treating people and finding ways to defeat cancer. “Now, innocent people are dying in Ukraine, every day, this is unthinkable and unacceptable!”, – wrote Tinkov in his Instagram. He emphasized that his foundation saves the lives of people […]

The administration of U.S. President Joe Biden called on cryptocurrency exchanges to provide guarantees that Russian individuals and organizations under sanctions will not be able to use digital currencies to circumvent restrictions. About it writes Bloomberg. The White House National Security Council and the U.S. Treasury Department addressed the largest cryptocurrency exchanges on this issue, […]

Western sanctions will not make Moscow change its stance on Ukraine, Kremlin spokesman Dmitry Peskov has said. “In general, the apologist of sanctions is the United States, they are fans of sanctions. And adherence to this practice, like a bacillus, has now spread to Europe. Probably they think that by imposing sanctions they will force […]

The cost of May futures for Brent crude oil on the London-based ICE exchange soared by 5.08% to $112.76 per barrel as of 10:43 MSC. The last time oil futures traded above $112 per barrel was July 21, 2014, RBC reported. WTI crude oil is up 4.5% to $111.05. Investors continue to assess the prospects […]

Sberbank, Russia’s largest bank, has decided to withdraw from the European market amid Russia’s military operation in Ukraine. “In the current environment, Sberbank has decided to withdraw from the European market. The group’s subsidiary banks are facing abnormal cash outflows and a threat to the safety of employees and branches,” the bank said in a […]

Russian companies involved in the oil and oil products business are transferring their accounts from Russian banks hit by U.S. and EU sanctions to other financial institutions, including Rosbank, Unicredit and Raiffeisenbank, five Reuters sources familiar with the situation said. The U.S. has imposed sanctions on five key Russian banks, including major state banks VTB […]

The Central Bank has reduced the commission for buying currency from brokers for individuals, and Google has suspended advertising sales in Russia due to the requirements of Roskomnadzor – these and other important news for Friday morning, March 4, in our daily review. The Bank of Russia has announced a change in the commission for […]

Concerns about inflation returned to the stock market on Thursday as investors assessed rising prices for fuel and other commodities amid the escalating crisis in Ukraine. Russia continues to step up its special operation in Ukraine, and the U.S. has added more Russian oligarchs and officials to its sanctions list, threatening to confiscate luxury yachts […]

“Yandex” has published a message to shareholders about the consequences of the restrictions imposed after the start of the Russian special operation in Ukraine. In it, the company warns that bondholders who suspended trading in the company’s securities on Nasdaq for more than five trading days have the right to demand repayment of the bonds […]

A fire broke out at Europe’s largest nuclear power plant, but there were no reports of radiation leaks. The euro and European stock market fell on the prospect that existing sanctions loopholes will be closed to strangle Russian commodity exports. Commodity prices, meanwhile, are on track for their biggest weekly rise since the 1960s along […]