Ukraine’s Deputy Justice Minister Iryna Mudra told Archyde.com on March 16 that she feared that some allies could set a legal precedent for efforts to secure damages from Russia for a military aggression. citing impediments to progress. A photo of a building damaged by the Russian attack. FILE PHOTO: Donetsk, Ukraine February 2023. REUTERS/Alex Babenko … Read more
BLOOMBERG NEWS (Archyde.com) – Russia is considering buying up to $70 billion in foreign currency this year to keep the ruble at bay, according to Bloomberg News. FILE PHOTO: May 30, 2022. REUTERS/Dado Ruvic (Archyde.com) – Russia is considering buying up to $70 billion in foreign currency this year to keep the ruble at bay, … Read more
US Treasury Secretary Janet Yellen emphasized on July 14 that China is Sri Lanka’s “significant creditor” and that any involvement in Sri Lanka’s debt restructuring would benefit both parties. Representative photo taken in Bali, Indonesia on the same day (2022 Archyde.com) [Nusadore (Indonesia) 14th Archyde.com]-US Treasury Secretary Janet Yellen emphasized on the 14th that China … Read more
[London / New York, 27th Archyde.com]-Russia’s foreign currency-denominated government bonds have been identified as default, and bondholders are facing an unusual situation. The Russian government has funds and has indicated its intention to repay it, but the situation is that it cannot be implemented due to sanctions over the invasion of Ukraine. Bondholders are facing … Read more
On May 28, Sri Lanka’s Minister of Electricity and Energy Wijesekera announced that he would pay $ 72.6 million to buy 90,000 tonnes of Russian oil that had been in the port of Colombo for several weeks. The photo shows a person waiting to buy gasoline. Taken on the 23rd in Colombo (2022 Archyde.com / … Read more
Russian President Vladimir Putin said on the 12th that the strict sanctions imposed on Russia by Western countries following the Ukrainian conflict caused a global economic crisis and catastrophic inflation. Taken in April (2022 Archyde.com / Sputnik / Mikhail Klimentyev / Kremlin via REUTERS) [Archyde.com]-Russian President Vladimir Putin said on the 12th that the strict … Read more
On April 19, the International Monetary Fund (IMF) has “sufficient guarantees” that talks with Sri Lanka over lending programs are in the early stages and that any agreement can make the country’s debt sustainable. He acknowledged that it would be necessary. The photo is the IMF logo. Taken in Washington, September 2018 (2022 Archyde.com / … Read more
[Archyde.com]-Russian Central Bank Governor Elvira Nabiullina has signaled an additional rate cut on the 18th. He also said that inflation will return to its target of 4% in 2024. On April 18, Central Bank of Russia Governor Elvira Nabiullina (pictured) pointed out that the Russian economy has a limited duration of financial reserves and needs … Read more