BELGRADE, Serbia (AP) — A Russian man burned his passport to show his anger over the invasion of Ukraine. Others held up Ukrainian flags while chanting slogans against the war and Russian President Vladimir Putin. A group of Russian citizens living in Serbia were among dozens of people on Sunday who braved freezing weather and…
(Reuters) -Russian bank VTB is preparing to wind down its European operations after being hit hard by Western sanctions, the Financial Times reported on Sunday. VTB has an investment banking operation in London and a retail bank in Germany with 160,000 customers but has decided it is unable to operate outside Russia after its assets…
SARAJEVO, Bosnia-Herzegovina (AP) — News reports from Kyiv and other Ukrainian cities under unrelenting bombardment by the Russian military have been triggering painful memories among the survivors of the 1990s siege of Bosnian capital Sarajevo. And yet, many have been spending hours on end glued to their television screens since Russian President Vladimir Putin launched…
(Reuters) – Russian bank VTB is preparing to wind down its European operations after being hit hard by Western sanctions, the Financial Times reported on Sunday. VTB has an investment banking operation in London and a retail bank in Germany with 160,000 customers, but has decided it is unable to operate outside Russia after having…
LONDON (Reuters) – Russia’s finance ministry said on Sunday that sovereign bond payments to non-residents would depend on the sanctions imposed by the West. “The actual possibility of making such payments to non-residents will depend on the limiting measures introduced by foreign states in relation to the Russian Federation,” the finance ministry said. (Reporting by…
LONDON (Reuters) – Credit cards issued by Russian banks using the Visa and Mastercard payment systems will stop functioning overseas after March 9, Russia’s central bank said on Sunday, adding that some local lenders would look to use China’s UnionPay system instead. Russian-issued Mastercard and Visa cards would be accepted within Russia until their expiry,…
By Dmitry Zhdannikov LONDON (Reuters) – Oil prices are set to surge further this week due to delays to the conclusion of Iranian nuclear talks and the potential return of Iranian crude to global markets, which are already suffering from Russian supply disruptions, analysts said. Russia has raised fresh demand for written U.S. guarantees that…
LONDON (Reuters) -Moody’s cut Russia’s credit rating to Ca on Sunday, the second-lowest rung of its ratings ladder, citing central bank capital controls that are likely to restrict payments on the country’s foreign debt and lead to default. Moody’s said its decision to cut Russia’s rating was “driven by severe concerns around Russia’s willingness and…
FRANKFURT (Reuters) – TUI, the world’s largest holiday company, is seeing a rise in holiday bookings towards pre-pandemic levels, the head of the group’s German business told a newspaper. “Our customers have some catching up to do,” Stefan Baumert told the Funke group of newspapers. “We are convinced that we can get close to the…
(Reuters) – Several Russian banks said on Sunday they would soon start issuing cards using the Chinese UnionPay card operator’s system coupled with Russia’s own Mir network, after Visa and MasterCard said they were suspending operations in Russia. Announcements regarding the switch to UnionPay came on Sunday from Sberbank, Russia’s biggest lender, as well as…
