LONDON—Confiscating the assets of companies that have fled Russia since the invasion of Ukraine would shatter investor confidence for decades and take Russia back to the calamitous days of the 1917 Bolshevik revolution, metals magnate Vladimir Potanin has said. Potanin, president and biggest shareholder of Norilsk Nickel, the world’s largest producer of palladium and refined…
Don’t Take Russia Back to 1917, Russian Metals King Potanin Warns
March 11, 2022
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EU Agrees New Sanctions Against Russia Over Ukraine Invasion, France Says
March 10, 2022
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Business & Economyeconomic policieseconomyEUEuropeInternationalinvasionMarketsRussiaRussia-Ukraine WarsanctionWorld
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PARIS—The European Union has agreed further sanctions over Russia’s invasion of Ukraine that will hit Russian officials and oligarchs, the maritime sector and three Belarusian banks, France said on Wednesday. The new measures will be formally endorsed by leaders of the bloc’s 27 member states at a summit in Versailles, France, later this week. Reuters…
Markets Stagger as Russia Sanctions Intensify
March 10, 2022
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Business & EconomyCompanieseconomic policieseconomyEuropeIntensifyInternationalMarketsRussiaRussia-Ukraine WarsanctionStaggerstocksWorld
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Plummeting stocks, soaring commodity prices and tightening global financial conditions following Russia’s invasion of Ukraine are clouding the outlook for markets already unsettled by the prospect of a hawkish Federal Reserve. Dramatic moves are everywhere you look, from a bear market in the Nasdaq Composite Index and wild rallies in oil and other raw materials…
Lawmakers Want to Probe Whether China Has Helped Russia Evade Sanctions After Ukraine Invasion
Two U.S. lawmakers have introduced a bill to investigate whether the Chinese communist regime has assisted Russia in evading Western sanctions for the Ukraine invasion. “Silence and deference from the People’s Republic of China [PRC] toward the Russian Federation cannot be ignored,” said Rep. Young Kim (R-Calif.), one of the lawmakers who introduced the bill,…
US Lawmakers Seek Probe of Whether China Has Helped Russia Evade Sanctions Since Ukraine Invasion
Two U.S. lawmakers have introduced a measure that would require an investigation into whether the Chinese communist regime has assisted Russia in evading Western sanctions levied in response to the Ukraine invasion. “Silence and deference from the People’s Republic of China [PRC] toward the Russian Federation cannot be ignored,” said Rep. Young Kim (R-Calif.), one…
Russia Will Be Excluded From All JPMorgan Fixed Income Indexes
March 8, 2022
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NEW YORK—Russia will be excluded from all of JPMorgan’s fixed income indexes on March 31, the bank said in a statement on Monday, joining rival index providers that had excluded Russian securities from their indexes after Moscow’s invasion of Ukraine. JPMorgan had placed Russia on index watch on March 1 after sanctions were imposed on…
Canada Takes Direction From Putin Rival to Sanction 10 More Russians Over Ukraine
Prime Minister Justin Trudeau says Canada is sanctioning 10 more Russian political and business leaders in retaliation for President Vladimir Putin’s invasion of Ukraine. Trudeau says the 10 individuals who are being sanctioned were identified by Alexei Navalny, the jailed Russian opposition leader who is considered Putin’s main rival. Trudeau announced the new sanctions during…
Any Decision to Stop Russian Energy Imports Would Hit Next Winter’s Supplies: Engie CEO
March 7, 2022
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Business & EconomycommoditiesenergyEngieEuropeFranceimportsMarketsRussiaRussia-Ukraine WarsanctionsuppliesUkraineWorld
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PARIS—Engie chief executive Catherine MacGregor said on Monday that any decision to stop Russian energy imports in retaliation for Russia’s invasion of Ukraine would impact the energy supplies of France and Europe next winter. “Winter is coming to an end. The real problem would be next winter because we are replenishing stocks during summer,” MacGregor…
China Changed Supply Chain Strategy With Russia 3 Months Ahead of Ukraine Invasion, Showing It Had Foreknowledge: Analyst
March 4, 2022
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Asia & PacificBusiness & EconomyChinaChina Business & Economycrude oileconomic policiesEuropeEurope-China RelationsInternationalInternational RelationsinvasionRussiaRussia-Ukraine WarsanctionUkraineUSUS NewsWorld
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Around three months ago, China changed how it ordered goods from Russia in a way that would insulate Beijing in the event of Western sanctions on Moscow, according to a supply chain analyst citing insider information. This move suggested that China had foreknowledge of Russia’s plan to invade Ukraine, and had made contingencies to ensure…
China Changed Supply Chain Strategy With Russia 3 Months Ahead of Ukraine Invasion, Suggesting It Had Foreknowledge: Analyst
March 4, 2022
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Asia & PacificBusiness & EconomyChinaChina Business & Economycrude oileconomic policiesEuropeEurope-China RelationsInternationalInternational RelationsinvasionRussiaRussia-Ukraine WarsanctionUkraineUSUS NewsWorld
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Around three months ago, China changed how it ordered goods from Russia in a way that would insulate Beijing in the event of Western sanctions on Moscow, according to a supply chain analyst citing insider information. This move suggested that China had foreknowledge of Russia’s plan to invade Ukraine, and had made contingencies to ensure…
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