Tags: Ukraine-Russia War

CYPRUS-ECONOMY-FINANCE-EU

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.


Latest News

US Approves Ukraine's Emergency Request to Buy $138 Million Worth of Hawk Missile Parts, Repair Services
The US has approved Ukraine's emergency request to purchase spare parts and repair services for its HAWK missile systems.
Russia is reportedly considering Kazakhstan as a potential source of gasoline in the event of shortages aggravated by Ukrainian drone attacks on oil refineries.
Zelenskyy's statement comes as Republicans in Congress have blocked tens of billions of dollars in military assistance for Kyiv for months.
Ukrainians can now start filing claims for damage to their homes as a result of Russia's invasion at a newly established register that opened Tuesday.
In another sign of warming ties between the two countries, Russia has reportedly begun supplying oil directly to North Korea in defiance of sanctions imposed by the United Nations (UN).
In what Kyiv described as the most devastating attacks against its energy infrastructure in two years of war, Russia pounded electrical power facilities in much of Ukraine on Friday.
Russia's President Vladimir Putin could decide to increase taxes after this month's election to fund the country's war in Ukraine.
Elon Musk was confronted by the president of a key member nation of the North Atlantic Treaty Organization (NATO) after making a false claim about the military alliance amid the Russia-Ukraine conflict.
North Korea has delivered millions of artillery shells to Russia, according to South Korea’s defense minister.
Ukraine's President Volodymyr Zelenskyy said that former President Donald Trump does not seem to understand that Russia's President Vladimir Putin "will never stop."
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