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A defiant Russia said Monday it could ride out Western sanctions over its invasion of neighbouring Ukraine as President Vladimir Putin huddled with officials to discuss the economic turmoil of the five-day-old war. “The Western sanctions on Russia are hard, but our country has the necessary potential to compensate the damage,” Kremlin spokesman Dmitry Peskov told journalists. He added that “today Putin will be working on economic questions” and meeting key ministers. “The economic reality […]
Russian President Vladimir Putin on Monday banned residents from transferring money abroad as part of measures to prop up the ruble which has plummeted in value as a result of Western sanctions over Russia’s invasion of Ukraine. A decree signed by Putin also said that exporters would be required to hold at least 80 percent of revenue in rubles in a move to prop up the Russian economy. jbr/spm © Agence France-Presse
The United States said Friday it would impose sanctions on Russian President Vladimir Putin and Foreign Minister Sergei Lavrov, following similar announcements by Britain and the European Union in the wake of Moscow’s attack on Ukraine. White House press secretary Jen Psaki said that a travel ban would be part of the sanctions. Following the spate of measures, Russian foreign ministry spokeswoman Maria Zakharova said on Russian television that “we have reached the line after […]
by Dave CLARK and Dmytro GORSHKOV Ukraine’s President Volodymyr Zelensky warned Saturday that Russian troops would attempt to take the capital Kyiv before dawn, as Western nations announced personal sanctions targeting Vladimir Putin. Russian leader Putin unleashed a full-scale invasion on Thursday that has killed dozens of people, forced more than 50,000 to flee Ukraine in just 48 hours and sparked fears of a new Cold War in Europe. After Ukrainian forces fought Russian troops […]
EU leaders wrapped up an emergency summit Friday with agreement to punish Moscow for its invasion of Ukraine with “severe” sanctions targeting its financial, energy and transport sectors. “We need sanctions that bite,” Belgian Prime Minister Alexander De Croo said as he went into the Brussels meeting late Thursday — the same day Russia blasted Ukrainian military targets and sent tanks and paratroopers into its pro-Western neighbour Ukraine. The leaders quickly agreed “further restrictive measures […]
Japan will impose sanctions on Russia targeting semiconductor exports and financial institutions, Prime Minister Fumio Kishida said Friday after G7 leaders agreed to punish Moscow economically for invading Ukraine. The announcement came after Russian President Vladimir Putin unleashed a full-scale ground invasion and air assault on Thursday, with deadly battles reaching the outskirts of Kyiv. Kishida said the world’s third-largest economy planned “asset freezes and the suspension of visa issuance for Russian individuals and organisations” as […]
Washington said the penalties will be severe, and will have lasting impact on Russia’s economy, even though the tried to “mitigate” costs on American and European consumers, who already face rising oil prices. Here are the highlights of the measures: – Hitting major banks – The Treasury added five more Russian banks to the sanctions list including country’s the two largest, both majority owned by the government, although each faced penalties with differing severity. Sberbank, […]
IMF Managing Director Kristalina Georgieva on Thursday warned the conflict in Ukraine will have repercussions for the global economic recovery. Following Russia’s invasion of its neighbor, Georgieva said she was “deeply concerned,” and cautioned that the fighting “adds significant economic risk for the region & the world.” The International Monetary Fund continues to assess the economic impact, but will “stand ready to support our members as needed,” she said on Twitter. The Washington-based crisis lender […]
HONG KONG, China (AFP) — Equities mostly rose Wednesday and oil prices stabilized as investors tracked developments in the Russia-Ukraine crisis after world powers imposed less harsh sanctions on Moscow than feared. However, trading floors remain on edge after Russian President Vladimir Putin ordered his forces into Ukraine to secure the self-declared Donetsk and Lugansk rebel republics, with Western leaders warning that a war could break out imminently. Global markets have been in turmoil since […]
The United States said Tuesday that Russia’s move into eastern Ukraine amounts to the “beginning of an invasion” and warned that “severe” sanctions would be announced shortly. The stern message followed an initially more hesitant response from the White House to Russian President Vladimir Putin’s recognition of two rebel-held enclaves in Ukraine as independent, along with reluctance to say that “invasion” was underway after Putin ordered troops there. For weeks, the United States and its […]
by Sebastian Smith WASHINGTON, United States (AFP) — The United States said it will impose sanctions on Moscow Tuesday, following an initially cautious response to President Vladimir Putin’s order for Russian troops to deploy in two Kremlin-backed separatist areas of Ukraine. “We plan to announce new sanctions on Russia tomorrow in response to Moscow’s decisions and actions today. We are coordinating with allies and partners on that announcement,” a White House spokesperson told AFP on […]
by Sebastian Smith The United States said it will impose sanctions on Moscow Tuesday, following an initially cautious response to President Vladimir Putin’s order for Russian troops to deploy in two Kremlin-backed separatist areas of Ukraine. “We plan to announce new sanctions on Russia tomorrow in response to Moscow’s decisions and actions today. We are coordinating with allies and partners on that announcement,” a White House spokesperson told AFP on Monday. This came after President Joe […]
