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2 mins read
World Bank approves $723 million for Ukraine amid Russian invasion
The World Bank announced that it has approved a $723 million financial package for Ukraine as the c…
1 min read
World Bank slashes global growth forecast due to Russia's invasion of Ukraine and preps a relief package bigger than its COVID-19 funding
"Sixty percent of low-income countries are already in debt distress or at high risk of it," World B…
Phil Rosen
1 min read
China's biggest banks are finally getting scared by the West's sanctions against Russia
Chinese banks are tightening compliance checks with Russian businesses as they fear getting caught …
Huileng Tan
2 mins read
Proposed US sanctions will sever financial institutions' ties with Russian banks should Ukraine be invaded: report
Meanwhile, Biden and Putin agreed on Sunday to hold a summit over the Ukraine-Russia crisis, under …
Matthew Loh
1 min read
EU Ready To Provide $15 Billion Of Financial Aid To Ukraine
The assistance would be delivered in coordination with the European Bank for Reconstruction and Dev…
2 mins read
Russia holdout HSBC has cut references to a 'war' in Ukraine from its analyst research reports, the FT says
Committees at the research department at HSBC — which is under pressure to exit Russia — have softe…
Hamza Fareed Malik
3 mins read
Sanctions-hit Russia is rushing to set up payment systems, including crypto, to make trading easier
Russia is facing so many issues with its international trade payments that it's shifting its previo…
Huileng Tan
2 mins read
European Commission head says Russia 'manufactured' the crisis in Ukraine and is 'responsible' for its escalation
Ursula von der Leyen said the European Commission is working to finalize a sanctions package as a r…
Jake Epstein
1 min read
The EU for the first time will seek sanctions against Russia's mining sector, expanding efforts to cripple Russia's wartime economy
The EU has previously avoided targeting Russia's metals sector over fears about the impact of sanct…
Carla Mozée
2 mins read
The US has announced new sanctions targeting Russia's war machine — and says more are coming
The US Treasury and State Department issued 400 sanctions on individuals and entities still support…
Filip De Mott
3 mins read
Ukrainians and Russians are packing ATM lines, prompting fears of what happened in the US during the Great Depression
When Americans withdrew cash too quickly for banks during the Depression, it triggered unemployment…
Jason Lalljee
2 mins read
Senate's proposed foreign aid package includes $14 billion for 'security assistance' in Israel and $10 billion in humanitarian aid to Gaza and Ukraine
If passed, the Senate's foreign aid package will provide billions in military aid to Ukraine and Is…
Katherine Tangalakis-Lippert
5 mins read
Governments are set to step up sanctions on Russia after it invaded Ukraine. They may not be enough to force Moscow to stand down soon.
Sanctions may not be immediately sufficient to deter President Vladimir Putin, who has taken steps …
Kate Duffy
1 min read
Ukraine's president urges a 'decisive,' 'immediate,' and 'harsh' response from the international community over Russian aggression
Volodymyr Zelensky said he is "confident" that the future of European security is "being decided no…
Jake Epstein
1 min read
Russia's central bank has $8 billion frozen in Switzerland, which is still deciding what to do with the funds
The Swiss broke their historically neutral standing last February when they adopted EU sanctions ag…
Phil Rosen
3 mins read
Russia is holding a $3 billion sword over Ukraine's neck
Back in January, Russian Finance Minister Anton Siluanov announced that Ukraine had breached the te…
Tomas Hirst
2 mins read
Ukrainian Prime Minister Denys Shmyhal says up to $5 billion a month is needed to keep the war effort in Ukraine afloat
Ukrainian prime minister Denys Shmyhal highlighted the need for weapons and medical support to keep…
Cheryl Teh
1 min read
Ukraine is going to do even more long-range attacks on Russian soil, a key ally said. The US won't like it.
The UK's military chief told the FT that Ukraine's "ability to continue deep operations" inside Rus…
Sinéad Baker
1 min read
Most Ukrainians say Western support is critical to success in their fight, but confidence they'll get it has hit a new low
The number of Ukrainian people who feel that the West has grown war weary and weaker in its support…
Ella Sherman
2 mins read
The Russian ruble has hit an over 2-year high even as the EU plans to intensify sanctions against the country with an oil embargo
On Wednesday, the Russian ruble closed 6.6% higher against the US dollar at 66.30 — the highe…