MOSCOW (Reuters) – Russia on Monday barred airlines from 36 countries including Britain, Germany, Spain, Italy and Canada from using Russian airspace in a retaliatory move after sweeping sanctions targeting its aviation sector.
WASHINGTON (Reuters) – Fierce economic sanctions imposed by the United States and its allies on Russia’s central bank and other key sources of wealth are likely to drive Russian inflation higher, cripple its purchasing power drive down investments , U.S. officials said on Monday as new sanctions took effect. Russia’s central bank has been trying…
(Reuters) -Chevron Corp said on Monday it would buy biodiesel maker Renewable Energy Group Inc in an all-cash deal valued at $3.15 billion as the oil major looks to boost its clean-energy business. Chevron will pay $61.5 for each share of Renewable Energy, representing a premium of over 40% to the company’s last closing price….
(Reuters) – Citigroup Inc said on Monday its total exposure to Russian assets was $5.4 billion at the end of December, compared with an earlier disclosure of $5.5 billion at the end of September. The bank’s total third party exposure in Russia was nearly $8.2 billion as of Dec. 31, it said in a regulatory…
TOKYO (AP) — Toyota is suspending production at all 28 lines of its 14 plants in Japan starting Tuesday, because of a “system malfunction” that a domestic supplier suspects is a cyberattack. Kojima Industries Corp., based in Toyota city in central Japan, said Monday the problem could be a cyberattack as an error was detected…
BEREGSURANY, Hungary (AP) — The mass exodus of refugees from Ukraine to the eastern edge of the European Union showed no signs of stopping Monday, with the U.N. estimating that more than 500,000 people have already escaped Russia’s burgeoning war against Ukraine. Long lines of cars and buses were backed up at checkpoints at the…
By Tom Sims and Alexandra Schwarz-Goerlich FRANKFURT/VIENNA (Reuters) -The European arm of Sberbank , 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. Western allies have taken unprecedented steps to isolate Russia’s economy and financial system…
By Bozorgmehr Sharafedin LONDON (Reuters) -Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports. Brent crude rose $4.82, or 4.9%, to $102.75 by 1028 GMT after touching a high of $105.07 a…
The latest developments on the Russia-Ukraine war: PARIS — French Finance Minister Bruno Le Maire says France is getting ready to seize all assets of Russian officials and business leaders who are being targeted by EU sanctions. Le Maire said France is in the process of listing property including financial assets, real estate, yachts and…
MOSCOW (Reuters) – Moscow will retaliate against Western sanctions targeting Russia’s aviation industry over the invasion of Ukraine, Kremlin spokesperson Dmitry Peskov said on Monday. “The guiding principle will be reciprocity, and our own interests will be at the forefront of that,” he told reporters on a conference call.
