Tag Archives: Russia

Russian central bank governor Elvira Nabiullina said most Russian banks and 52 foreign organisations from 12 countries had access to the country’s alternative to Swift.Shamil Zhumatov/Reuters Some Russian banks have been banned from the SWIFT banking system due to the Ukraine war. Russia is now urging the use of its alternative System for Transfer of Financial Messages. Russia’s central bank said it will stop revealing the names of those participating in its alternative to SWIFT. Russia’s… Source link

Google says it hasn’t made changes to how it censors satellite imagery of Russia, contrary to widely circulated claims on Twitter that it “opened access to Russia’s military and strategic facilities.” Early Monday morning, Twitter account @ArmedForcesUkr (which is unverified but has been cited several times by the official Ukrainian Ministry of Defence account) tweeted a set of images that appear to show military equipment. The tweeted message translates roughly to “now… Source link

Sanctions on Russia have effectively isolated Vladimir Putin’s country from the global economy, with the country at increased risk of not being able to pay its bills. The major credit rating agencies have begun the process of declaring the country in default, which generally refers to a government unable to meet obligations on its debt. The agencies add that further sanctions at the end of May will further ratchet up pressure on Russia. On Friday, S&P Global Ratings downgraded Russia’s… Source link

Engineers at Russia’s biggest tech firm, Yandex, are fleeing the country and seeking foreign tech jobs. Current and ex-engineers recounted leaving Russia at short notice, often leaving spouses behind. Some said they are struggling to access their Yandex salaries from abroad. Alexei* doesn’t know when he’ll see his wife again. “She’s still in Russia. We call every night.”… Source link

A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register April 11 (Reuters) – Russia on Monday demanded Google (GOOGL.O) take immediate steps to remove “threats” against Russians after it said Google Translate had offered some users the option to translate the phrase “dead Russians” instead of “dear Russians”. Russia’s… Source link

Russian President Vladimir Putin.Pool Sputnik, AP Andrei Illarionov, Putin’s former chief economic adviser, was interviewed by the BBC. He said Putin would likely halt the Ukraine war if the West stopped buying Russian oil and gas. Many Western nations remain heavily reliant on Russian energy exports. Vladimir Putin’s former chief economic adviser has suggested that Russia would halt military operations in Ukraine “within a month or two” if Western countries stopped buying Russian oil and gas. In… Source link

Investor and political activist Bill Browder (left) and Russian President Vladimir Putin (right)TOLGA AKMEN/AFP via Getty Images (left), Mikhail Svetlov/Getty Images (right) Bill Browder once ran Russia’s largest foreign investment fund — now he’s Putin’s “enemy.” In an interview with The New York Times, he said remaining in Russia is like doing “business in Nazi Germany.” He said all companies have a “moral obligation” to leave Russia, “no matter what the cost is.” Bill Browder — an… Source link

(Bloomberg) — Russia’s central bank unexpectedly slashed its key interest rate in a sign of confidence that the worst of the financial turmoil triggered by the invasion of Ukraine is past. Most Read from Bloomberg Reversing part of the steep rate increase delivered after the attack, the central bank lowered the benchmark to 17% from 20% at an unscheduled meeting on Friday and said further cuts could be made in the months ahead if conditions permit. The ruble briefly halted its rebound… Source link

A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/ Register now for FREE unlimited access to Reuters.com Register April 7 (Reuters) – Russia’s communications watchdog said on Thursday it was taking punitive measures against Google (GOOGL.O), including a ban on advertising the platform and its information resources, for violating Russian law. Roskomnadzor accused Google’s YouTube video-sharing platform,… Source link

U.S. stock futures traded mostly higher Monday morning as investors monitored the potential for more sanctions against Russia amid ongoing concerns over inflation and global economic growth. Contracts on the S&P 500 traded slightly higher as the index looked to hold onto last week’s gains. The Dow was flat to slightly higher, while the Nasdaq Composite rose 0.4% as technology shares outperformed in pre-market trading. Shares of Twitter (TWTR) soared by more than 20% after Tesla (TSLA) CEO… Source link