A Citigroup correspondent bank has blocked the money due to sanctions. Russia's Severstal, owned by Alexei Mordashov, which has come under EU and British sanctions, has been unable to pay investors its Eurobond debts due to a bank blockade. This was reported by Bloomberg. Thus, the company became the first Russian company to allow a…
Economic losses, including numerous incidental losses, have not yet been assessed. During the week, the amount of damage to Ukraine's infrastructure during the war increased by $ 3.5 billion, reaching $ 63 billion or 1.8 trillion hryvnias. This is evidenced by the analysis of the Kiev School of Economics, said the head of the Center…
The country supported EU sanctions against Russia. Switzerland has frozen Russian assets worth about 5.75 billion Swiss francs, or $ 6.17 billion, which includes a number of real estate properties. At the same time, the country continues to work on finding assets and the amount is likely to be higher as a result, according to…
Over the past month, Germany's dependence on coal from Russia has fallen from 50 to 25 percent, oil from 35 to 25 percent, and gas from 55 to 40 percent. Germany is sharply reducing its dependence on Russian energy, as it sees it as a path to energy security and a way to “put an…
On the account only 20 million hryvnias. As of March 25, UAH 21 million remained in a special account opened by the National Bank for the needs of the army. This was reported by the press service of the NBU. It is noted that the NBU transferred to the needs of the military almost 13…
And this amount will grow. Switzerland has frozen Russian assets, which are subject to sanctions worth about $ 6 billion. This was announced by the Commissioner of the State Secretariat for Economic Affairs Erwin Bellinger, writes Reuters. Assets include a number of properties that served as tourist resorts. “With the arrival of new reports (on…
The dollar in Russia may rise at least twice. The real price of the ruble is unknown today. The Central Bank of Russia did everything possible to keep the ruble from falling further, and its real price has become a mystery. However, it will not be possible to keep the ruble at this level for…
Russia is suffering enormous economic losses due to the invasion of Ukraine. US President Joe Biden and European Commission President Ursula von der Leyen have said that the United States will increase sales of liquefied natural gas in the EU by 15 billion cubic meters this year, reports The New York Times . Increasing gas…
In fact, these planes were lost in less than a month. Since the invasion of Ukraine, Russia has lost 78 of its 1,367 civilian aircraft due to sanctions. This was admitted by the head of the Ministry of Transport of the Russian Federation Vitaly Savelyev, reports TASS. According to the head of the Ministry of…
The outflow of money from banks was stopped by the Central Bank of the Russian Federation. The outflow of money from the population of Russia from bank deposits in February 2022 amounted to 1.2 trillion rubles. And this is the largest monthly outflow, at least since 2008. And most of the outflow occurred in the…