Corporate / Market Regulation

China Shinopek discontinues Russian investment talks Western sanctions impact = sources | Reuters

China’s state-owned oil and gas giant, Sinopec Group, has terminated talks on Russia’s large-scale petrochemical investment and gas sales business, sources said. Taken in August 2008 (2022 Archyde.com / Bobby Yip) [Archyde.com]–China’s state-owned oil and gas giant, Sinopec Group, has terminated talks on Russia’s large-scale petrochemical investment and gas sales business, sources said. It is … Read more

Evergrande China to announce debt restructuring plan by the end of July | Reuters

China’s real estate developer, Evergrande Group, which has a large amount of debt and is in financial difficulty, announced on the 22nd that it will announce a debt restructuring plan by the end of July. Taken in September 2021 (2022 Archyde.com / Aly Song) [Beijing / Hong Kong, 22nd Archyde.com]–China’s real estate developer, Evergrande Group, … Read more

Information Box: US, Ukraine Reasons for Refugee Acceptance | Reuters

[Washington, 16th Archyde.com]-Since Russia invaded Ukraine on February 24th, more than 3 million people have fled Ukraine to neighboring countries, according to UN data. However, the number of Ukrainian refugees accepted by the United States so far is only a few hundred, and some have questioned the policy. Since Russia’s invasion of Ukraine on February … Read more

Putin warns “Russia to become a mighty country”, sanctions bounce back to the west | Reuters

Russian President Vladimir Putin said yesterday that sanctions on Russia would bounce back to Western nations in the form of rising food and energy prices. At the same time, Russia declared that it would become a more powerful nation while solving the problems. Taken in Moscow (2022) [Archyde.com]-Russian President Vladimir Putin said on the 10th … Read more

China refuses to supply aircraft parts to Russia = Russian officials | Reuters

On March 10, a senior Russian aviation official said China refused to supply parts to the country’s aircraft. Several Russian news agencies reported. Taken in March 2020 at Moscow Sheremetyevo International Airport (2022 Archyde.com / Maxim Shemetov) [Archyde.com]–A senior Russian aviation official said on the 10th that China refused to supply parts to the country’s … Read more

Accelerating withdrawal of investment from Russia, Russia responds by banning asset sales | Reuters

[London, 1st Archyde.com]-The Russian government announced on the 1st that it will temporarily ban the sale of Russian assets by foreign investors amid strong western sanctions against Russia and accelerated withdrawal of investment from the country. The aim is to put a stop to the withdrawal. On March 1, the Kremlin announced that it would … Read more

Focus: SWIFT sanctions, devastating blow to Russian economy | Reuters

[London / New York, 27th Archyde.com]–The decision by Western countries to exclude “some” banks from Russia from the SWIFT (International Interbank Communications Association) on the 26th will have a serious impact on the country’s economy. It also causes great pain to Western companies and banks. It is also important that the West leaves room for … Read more

Russian central bank to unrestricted funding “Financial system is stable” | Reuters

On February 27, the Central Bank of Russia announced that it would carry out operations (open market operations) on the 28th without any restrictions on the amount of funding. The photo is the Russian central bank in Moscow. Taken in February 2019 (2022 Archyde.com / Maxim Shemetov) [Moscow 27th Archyde.com]–The Central Bank of Russia has … Read more