Tag Archives: Putin

Stock futures headed for a higher open Friday morning after Russian President Vladimir Putin at least momentarily struck an upbeat tone about diplomatic discussions with Ukraine. Contracts on the S&P 500, Dow and Nasdaq each rose more than 1% in pre-market trading. The S&P 500 and Dow were on track to still post weekly losses, while the Nasdaq Composite aimed for a slight weekly gain if advances hold through market close. Crude oil prices edged higher after tumbling on Thursday, when U.S. West… Source link

Half measures are for the half-hearted. If President Biden and other democratic leaders around the world are really going to punish Russian President Vladimir Putin for his brutal invasion of Ukraine, then it’s time to apply the muscle needed to clip his power permanently and smash his ability to wreak destruction wherever he chooses. The way to corral Putin is with robust energy sanctions that will raise prices even more and cause genuine hardship for millions outside of Russia—but pay… Source link

WASHINGTON (AP) — President Joe Biden announced Tuesday the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, but he acknowledged it will bring costs to Americans, particularly at the gas pump. The action follows pleas by Ukrainian President Volodymyr Zelenskyy to U.S. and Western officials to cut off the imports, which had been a glaring omission in the massive sanctions put in place on Russia over the invasion…. Source link

Russia and Russian companies will be allowed to pay foreign creditors in rubles, according to a decree signed by President Vladimir Putin on Saturday, as a way to stave off defaults while capital controls remain in place. The decree establishes temporary rules for sovereign and corporate debtors to make payments to creditors from “countries that engage in hostile activities” against Russia, its companies and citizens. The government will prepare a list of such countries within two… Source link

Russian President Vladimir Putin is now determined to ruthlessly crush Ukrainian resistance no matter what the cost to his country, and the Ukrainians fighting Russian forces will “all die,” says a former CIA station chief in Moscow. In an interview on the Yahoo News “Skullduggery” podcast, Daniel Hoffman — for years one of the CIA’s top experts on Russia — said the Russian president is “not the Vladimir Putin I was tracking back in the day at the CIA. He’s a different… Source link

President Vladimir Putin (R) and Yandex CEO Arkady Volozh visit the Yandex headquarters in Moscow TASS via Getty Images Arkady Volozh, the tech entrepreneur behind Yandex—the Russian equivalent to search engines like Google and Yahoo—has seen the value of his stake in Russia’s top tech giant fall by over 60% since last Thursday, the day Putin attacked Ukraine. Volozh himself lost more than $400 million that day, as Russia’s wider business community… Source link

Bill Browder has pondered how best to put the squeeze on Vladimir Putin and Russia for nearly 20 years now. The financier and head of the Global Magnitsky Justice Campaign has been targeted by Putin for over a decade now and, in a new interview with Yahoo Finance Editor-in-Chief Andy Serwer, offered up his grade of where things stand on sanctions so far. Those sanctions got a failing grade from Browder early on. Before the invasion, he gave the West just a two out of 10 and said the actions… Source link

Prominent economist and Harvard professor Kenneth Rogoff offered a biting take on how the world will remember Russian president Vladimir Putin. “Putin is a pariah. I have many Ukrainian friends and Russian friends who are utterly distraught. They look at being cut off from the world for a long time,” the former chief economist at the International Monetary Fund said on Yahoo Finance Live. “He is going to be looked at as a mass murder. People are going to be looking at again genocide charges…. Source link

As the U.S. and other Western powers line up to impose sanctions on Russia for its armed incursion into Ukraine, the looming economic penalties are likely to squeeze the energy giant’s economy. However, there are questions about whether the booming cryptocurrency sector could allow oligarchs close to Russian President Vladimir Putin to skirt the effort to put the financial squeeze on Moscow, thanks to the anonymity and decentralization of digital tokens. According to Capital Economics,… Source link

Last month, Valentyna Kostyantynovska heard the building drumbeat toward Russia’s invasion of Ukraine and decided to join the defense forces. She figured that the only way her homeland stood a chance against such overwhelming force was if everyone chipped in. And by everyone, she meant everyone. Even someone such as herself, a 79-year-old from Mariupol, located along the Sea of Azov which is connected to the Black Sea. “I cannot do much,” Kostyantynovska told Reuters. “I can help the… Source link