Canadians are being warned to brace for the retelling of the country’s worst mass shooting in modern history at a public inquiry today. The mass casualty commission will provide a chronological description of the tragedy that claimed the lives of 22 people in rural Nova Scotia in April 2020. Barbara McLean, lead investigator for the…
FIFA Bans Russian Anthem, ‘Home’ Matches, Refuses to Exclude Country From World Cup
FIFA announced a number of restrictions against Russia on Feb. 27, but the sports governing body won’t immediately expel the country from qualifying for international tournaments. The unanimous ruling by the FIFA Bureau, featuring the six regional soccer confederation presidents, said in a statement that Russia’s national team will no longer be allowed to compete under…
Biden Admin Freezes Russian Central Bank Assets Held by Americans
February 28, 2022
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AMERICABusiness & Economyeconomic policieseconomyEuropeExecutive BranchMarketsPoliticsRussiaRussia-Ukraine WarUkraineUSWorld
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The Biden administration placed new sanctions against Russia’s central bank, its National Wealth Fund, and its Ministry of Finance, the U.S. Department of Treasury said in a news release. The moves effectively prohibit Americans from doing any business with those Russian entities. Specifically, the Treasury said that the move, announced Monday, prohibits “United States persons from engaging…
Wall Street Opens Lower as West Ratchets Up Sanctions Against Russia
Wall Street’s main indexes fell at the open on Monday as investors assessed the fallout from a new set of sanctions imposed by the Western countries on Russia over its invasion of Ukraine. The Dow Jones Industrial Average fell 188.13 points, or 0.55 percent, at the open to 33,870.62. The S&P 500 opened lower by…
The Axis of Authoritarianism
February 28, 2022
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alliancesChinaEurope-China RelationsInternational RelationsOpinionRussiaThinking About ChinaUS-China relations
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News Analysis The Chinese regime is determined to dominate the world economically, politically, and militarily by 2049, posing a greater threat than the USSR ever did. As alliances form around the globe, some analysts believe that a new cold war is already here, accelerated by the Russian invasion of Ukraine. The U.S. Department of Defense…
Turkey to Block Russian Warships in Black Sea
February 28, 2022
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EuropeInternationalinvasion of UkraineMiddle EastRussia-Ukraine WarTurkey economyTurkish StraitsWorld
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Turkey will restrict the transit of Russian warships through the Black Sea, according to Ankara’s foreign minister Mevlut Cavusoglu, who also affirmed that Moscow’s invasion of Ukraine comes under the “war” category. “Is this a conflict or a war? We decided on that. Article 19 of the Montreux Convention is very clear. This is a…
Ukraine ‘Not Ready to Surrender or Capitulate’ to Russia: Foreign Minister
Ukraine vowed that it will not surrender to Russia amid talks between delegates from both countries along the border. “Ukraine is ready to continue seeking a diplomatic solution, but Ukraine is not ready to surrender or capitulate,” Foreign Minister Dmytro Kuleba told CNBC on Monday, coming several days after Russian President Vladimir Putin announced the…
Swiss-Based ‘Bank for Central Banks’ BIS Says It Won’t Help Russia Dodge Sanctions
February 28, 2022
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Business & EconomyCentral Bankeconomic policieseconomyEuropeforeign reservesInternationalMarketsRussiaRussia-Ukraine WarWorld
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The Bank for International Settlements (BIS), the Swiss-based global financial umbrella body dubbed the “bank for central banks,” has said it won’t be an avenue for any circumvention of Western sanctions placed on Russia for invading Ukraine. The BIS, which is owned by the world’s central banks and is headquartered in Basel, Switzerland, can conduct…
Russia Doubles Interest Rate to Boost Crashing Ruble as Sanctions Bite
February 28, 2022
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Business & Economyeconomic policieseconomyEuropeinterest rateInternationalMarketsrubleRussiaRussia-Ukraine WarWorld
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Russia’s central bank has more than doubled its key interest rate and taken emergency capital control measures to try stem the collapse of its currency and shore up financial stability as tough Western sanctions over the Kremlin-ordered invasion of Ukraine sent the ruble plummeting. The Bank of Russia, the country’s central bank, on Feb. 28…
Hundreds of Russia Plane Leases to Be Axed After EU Sanctions
Lessors are set to terminate hundreds of aircraft leases with Russian airlines following Western sanctions over the invasion of Ukraine that require the contracts be cancelled. Asian lessor BOC Aviation said on Monday that most of its aircraft in Russia would be affected by European Union sanctions that require the leases be terminated by March…
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