Western sanctions do not mean that Russia will truly be isolated, as the world, and Russia itself, are “too big” for that, Kremlin spokesman Dmitry Peskov told the media on Saturday. Peskov said that the “rejection of relations” following its offensive in Ukraine, and the introduction of restrictions by Europe, the US, Canada, Japan and … Read more
Stocks have been hard-hit by fears about the Russia-Ukraine war, high inflation, and rising rates. UBS investment chiefs Solita Marcelli and Mark Haefele outlined their firm’s new investing outlook. Here are the four sectors investors should target now with volatility on the upswing. A troublesome trio of risks has rattled stocks so far in 2022: … Read more
RBI has met with select bankers and is trying to assess the exposure that lenders have to Russia and to Ukraine and the impact it may have on banks. MUMBAI: Banks are scrambling after bills for imports from Russia have started bouncing and payments for exports have been stuck in the wake of sanctions imposed … Read more
Boeing suspended maintenance and technical support for Russian airlines and U.S. energy firm Exxon Mobil said it would exit Russia, joining a growing list of Western companies spurning Moscow over its invasion of Ukraine. U.S. tech giant Apple said it had stopped sales of iPhones and other products in Russia, while Ford Motor joined other … Read more
The invasion of Ukraine is causing a mass exodus of companies from Russia, reversing three decades of investment by Western and other foreign businesses there following the collapse of the Soviet Union. The list of those cutting ties or reviewing their operations is growing by the hour as foreign governments ratchet up sanctions against Russia, … Read more
Finance Minister Nirmala Sitharaman said on Tuesday rising crude oil prices amid escalating Ukraine-Russia tensions pose threat to India’s financial stability and the government is closely monitoring the situation. Talking to media persons after the Financial Stability and Development Council (FSDC) meeting here, Sitharaman said the situation is worrisome and India has called for a … Read more