Business

Russia bans residents from transferring money abroad: Kremlin

Russian President Vladimir Putin on Monday banned residents from transferring money abroad as part of measures to prop up the…

Russia’s central bank hikes key rate to 20 percent

  MOSCOW, Russia (AFP) -- Russia's central bank announced Monday it was raising its key interest rate to 20 percent…

Exclusion from SWIFT: What this could mean for Russia

  PARIS, France (AFP) -- Exclusion from SWIFT, a very discreet but important cog in the machinery of international finance,…

Western allies agree new financial sanctions against Russia

  WASHINGTON, United States (AFP) -- Western allies on Saturday agreed on a new volley of financial sanctions against Russia…

Facebook bans Russia state media from running ads, monetizing

  SAN FRANCISCO, United States (AFP) -- Facebook on Friday restricted Russian state media's ability to earn money on the…

Japan to sanction chip exports to Russia over Ukraine

Japan will impose sanctions on Russia targeting semiconductor exports and financial institutions, Prime Minister Fumio Kishida said Friday after G7 leaders…

Explainer: New US sanctions hit Russian banks, elites; spare energy

Washington said the penalties will be severe, and will have lasting impact on Russia's economy, even though the tried to…

IMF chief warns of ‘significant economic risk’ from Ukraine conflict

IMF Managing Director Kristalina Georgieva on Thursday warned the conflict in Ukraine will have repercussions for the global economic recovery.…

Russia attack on Ukraine reverberates in energy-rich Gulf

Russia's assault on Ukraine is reverberating in the energy-rich Gulf, where top oil and gas producers face economic and political…

A history of $100 crude oil

World oil prices on Thursday breached $100 for the first time in more than seven years, this time on supply…

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