The Russians discovered on Monday morning the 28th the cost of the invasion of Ukraine. As soon as the markets opened, the ruble fell 30% against the dollar. The Russian central bank had to intervene urgently by increasing its key rate by 10 points to bring them to 20%. This intervention allowed the ruble to … Read more
Demonstration in London Broad wave of solidarity. (Foto: imago images/ZUMA Wire) Düsseldorf, New York, Brussels, Berlin, Frankfurt The EU, US and other Western allies further isolated Russia’s financial system over the weekend. First, they want to freeze the assets of the Russian central bank. On the other hand, the country’s most important credit institutions are to … Read more
Ms Ursala von der Leyen, ChairmanEuropean Commission announced on Sunday (February 27) that European Union (EU) has announcedsanctionsmore withRussiafrom the case of aggressionUkraine is to “close the airspace” prohibit “all russian planes“Fly into or over the airspace of 27 EU member states. The said order coversprivate jetof thoseRussian billionairetoo in addition EUThere is also a … Read more
Against Russia, Westerners take out the financial weapon. And this time, they hit hard. The new salvo of sanctions decided during the weekend will prevent most Russian banks from using “Swift” messaging, the tool that allows transactions to be carried out. It will therefore become more difficult to trade with Russia. Only a few banks … Read more
A neutral Switzerland is a pleonasm. The country has enjoyed a status that it has been defending tooth and nail as a non-aligned power since the Congress of Vienna in 1815. This has even been established as a political doctrine, that of “good offices”which can be summarized as follows: “We are a small country that … Read more
New hurdles for Russia Russia is said to feel severe consequences after invading Ukraine. (Photo: Archyde.com) New York The next round of sanctions against Russia also targets the Russian central bank. The Western states want to impose measures that “prevent the Russian central bank from using its international reserves in a way that undermines the … Read more
A senior U.S. government official does not appear to be helping Russia avoid financial sanctions invaded by Ukraine on the 26th, but said it would cause great damage to China. The photo is the national flag of China. Taken on the 24th in front of the Ministry of Foreign Affairs of Beijing (2022 Archyde.com / … Read more
Faced with the worsening of the Ukrainian crisis, Germany ended up resolving to suspend the commissioning of Nord Stream 2, this gas pipeline which runs at the bottom of the Baltic. Germany already sources more than 50% of its gas from Russia. It would therefore be very difficult to do without this supplier. The country … Read more