She added: "More sanctions on Russia are in the works. The longer Russia wages war, the tougher our response." The EU and its Western allies have been progressively cracking down on Russia's shadow fleet of tan
The downgrade “reflects deep downturns in Russia and Ukraine, but growth is set to be considerably weaker than expected in most economies, especially in Europe, where an embargo on oil and coal imports from Russia is incorporated in the projections for 2023.” “The war in ...
[03:00.00]The price of fertilizer has doubled since Russia's war in Ukraine. [03:07.44]"Fertilizer is vital because the land needs food,'' [03:11.44]said Jose Sanchez. [03:14.00]He is a farmer in the village of An...
The direct impact of the war on the financial system seems limited. Markets have withstood the initial shock, though with some losses, to be sure. European banks may be among the most exposed, with about $75 billion of assets at risk in Russia, equivalent to abou...
His comments ignored the fact that rising inflation in Western economies is in part a direct consequence of Russia's war in Ukraine, which has driven up prices for energy and food around the world. The pension increase comes into effect from June 1, while the minimum wage hike kicks in on...
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Russia predicated its February 2022 invasion of Ukraine partly on its opposition to Ukraine's future NATO membership and the bloc's expansion, even though Ukraine's accession was, even then, a remote possibility. NATO refused to bow to Russia's pre-war demands for guarantees that Ukraine would...
ANKARA, March 3 (Xinhua) -- The fallout of the Russia-Ukraine conflict and expected interest rate hikes by the U.S. Federal Reserve in March may put extra pressure on the vulnerable Turkish economy, which is battling high inflation and a weak currency, experts said. ...
From those previous results, it is still unclear the impact of economic uncertainty such as pandemic Covid-19 and Russia-Ukraine war on the financial asset volatility. In other words, the existence of conflicting results on financial assets volatility poses a challenge into the decision-making proc...
The World Bank says Ukraine’s economy will shrink by 45.1% this year because of Russia’s invasion, which has shut down half of the country’s businesses, choked off imports and exports, and damaged a vast amount of critical infrastructure.