How sanctions complicated day-to-day banking for Russians
Financial sanctions against Russia have strangled its banks’ profits and wrecked many lenders’ international operations, but one year after Moscow sent its troops into Ukraine how much do they matter for average Russians?
UK sanctions Alfa, Gazprombank and Lavrov’s step daughter
Britain sanctioned another wave of Russia’s banks, critical industries and a host of members of its elite on Thursday, including Gazprombank, Alfa Bank, and a woman they said was the stepdaughter of Foreign Minister Sergei Lavrov.
Russia’s Sberbank says sanctions limiting some forex transfers in Russia and abroad
Russia’s largest lender Sberbank (SBER.MM) on Friday said sanctions on its operations meant its customers would be unable to transfer funds in certain foreign currencies to accounts at other banks, both in Russia and abroad.
Is the Russia-Ukraine conflict having an effect on the global economy?
The conflict between Russia and Ukraine has now become a worldwide economic issue. It is not only causing economic instability in Russia, but the ramifications are also threatening the world economy, causing financial markets to tremble and making life more dangerous for everyone from Uzbek migrant workers to European customers to hungry Yemeni families. Russia […]
Explainer: Russian banks isolated, UK cuts insurance ties with Moscow
Britain will ban Russian companies from London’s multi-billion dollar aviation and space insurance market, the latest restrictions Western allies are imposing to isolate Russia from international financial markets.
Russia’s Sberbank in Europe faces closure after savers demand money
The European arm of Sberbank (SBER.MM), Russia’s biggest lender, faces failure, the European Central Bank (ECB) warned on Monday, after a run on its deposits sparked by the backlash from Russia’s invasion of Ukraine.
Russia’s Sberbank in Europe faces closure after savers demand money
The European arm of Sberbank (SBER.MM) , Russia’s biggest lender, faces failure, the European Central Bank (ECB) warned on Monday, after a run on its deposits sparked by the backlash from Russia’s invasion of Ukraine.
Explainer: Western sanctions on banks only scratch surface of Fortress Russia
The United States, the European Union and Britain announced new sanctions on Russia on Tuesday after Moscow’s recognition of two separatist regions in Ukraine as independent entities.
