President Joe Biden has signed an executive order providing the US Treasury Department the authority to sanction financial institutions facilitating Russia's efforts to strengthen its military capabilities.
Russia
Russia's Vladimir Putin on Hunt for Property of Russian Empire, Soviet Union — Here’s Why
Russia's President Vladimir Putin has initiated a search for properties that once belonged to its former empire or were previously owned by the Soviet Union.
How Vladimir Putin's Health Compares to Joe Biden's: Russian Doctor Touts Russia's President 'Excellent' Health
Russia's President Vladimir Putin received a surprise diagnosis during his visit to Chukotka in the country's Far East.
Russia Is Spending Big Chunk of Money on Defense That It's Draining the Rest of the Economy
A former central bank official in Russia said the war in Ukraine is taking much of the nation's financial resources.
Russia's Manufacturing Sector Grows Fastest in 7 Years in December
Activity in Russia's manufacturing industry scaled up at its fastest pace in almost seven years in December, according to a business survey.
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Russian President Vladimir Putin has issued a rare apology for Russia's inflation problem, which resulted in the soaring of egg prices this week.
The International Monetary Fund (IMF) has approved a $900 million disbursement for Ukraine. Amid the economic challenges intensified by its conflict with Russia, the International Monetary Fund (IMF) has approved a $900 million disbursement for Ukraine as part of an ongoing long-term loan.
Russian President Vladimir Putin has asserted that the economic isolation Russia faces due to international sanctions is even helping the country to transform into a "growth center" in a "new global economy."
Military spending within the European Union (EU) reached a historic high of €240 billion ($261.8 billion) in 2022, marking a 6% increase from the previous year.
During the Shanghai Cooperation Organization (SCO) Summit on Tashkent, Kyrgyzstan, Russia has restated its support to all the sectors of Afghanistan after the Chief Executive Office of the National Unity Government met with the Russian Prime Minister Dmitry Medvedev.
European banking regulators have begun probing links between banks and tax havens in the wake of leakage of Panama Papers. Switzerland's financial watchdog FINMA has cautioned banks to crack down on money laundering. Geneva has also commenced a criminal enquiry into banks dealing with tax havens in the wake of Panama Papers.
International Monetary Fund (IMF) has warned that slower growth rates among emerging markets are causing cash outflows and could cause another bout of crisis. Narrowing differential in growth prospects between advanced and emerging economies may add to the crisis situation again.
Cyprus-based lender RCB has denied reports of extending unsecured loans. Latest British media reports turned spotlight on alleged role of RCB in providing unsecured loans to people close to Vladimir Putin, President of Russia. Cyprus Central Bank said it was probing into the issue.
The history’s biggest confidential documents leak revealed Russian elites, mostly Mr Putin’s inner circles, as clients of an offshore law firm in Panama. The offshore money trail connected to Mr Putin’s allies is worth $2 billion.
