Tags: Ukraine-Russia War
Cypriot Banks End Risky Deals Worth $2.17 Billion With Russian and Ukrainian Clients Over International Sanctions
Cypriot banks reduced their exposure to Russian and Ukrainian clients, cutting over 13,000 and 35,000 accounts, respectively due to increasing international sanctions.
Russia Set to Raise Taxes on Wealthy, Big Corporations to Fund Ukraine War
The finance ministry of Russia has proposed implementing new tax rates for high-income earners and specific industries starting in 2025.
Western Companies Are Finding It Hard to Leave Russia Amid Increasing Kremlin-Imposed Exit Costs
Despite initial pledges to exit Russia following the 2022 invasion of Ukraine, many Western companies, including Avon Products, Air Liquide, and Reckitt, remain in the country.
Joe Biden Administration Sanctions Hundreds of Companies to Choke Russia's Supplies of Military Technology
The administration of President Joe Biden has announced nearly 300 new sanctions targeting international suppliers of military equipment technology accused of helping Russia in its war against Ukraine.