But on February 26, with the ship docked on the Spanish island of Mallorca, in the Mediterranean, all that changed. Ostapchuk saw media reports of a Russian missile strike on an apartment building in his home city of Kyiv. It was similar to the one he lived in with his […]
Russia
Anti-sanction measure: Russia moves to seize hundreds of planes from US and European owners
President Vladimir Putin signed a law Monday as part of the government’s anti-sanction measures that will allow Russian airlines to register planes leased from foreign companies in Russia, where they will be issued local certificates of airworthiness, according to a statement from the Kremlin. The bill will make it possible […]
Russia owes Western banks $120 billion. They won’t get it back
The Wall Street giant said Thursday that it is “winding down its business in Russia in compliance with regulatory and licensing requirements,” a Goldman Sachs spokesperson said. The departure follows a scramble by Western banks to tally their exposure to Russia after President Vladimir Putin ordered the invasion of Ukraine, […]
Asia markets sink as tensions between Ukraine and Russia climb
Japan’s benchmark Nikkei 225 (N225) fell 1.9%, and Korea’s Kospi (KOSPI) lost 1.4%. China’s Shanghai Composite (SHCOMP) and Australia’s S&P/ASX 200 were both down more than 1%. Hong Kong’s Hang Seng Index (HSI) fell 3.2%, poised to post the biggest daily loss in five months. The plunge in Asia was […]
Energy prices: IEA urges Russia to pump more natural gas to Europe
The Paris-based group said in a statement that while Russia is fulfilling its long-term contracts to European customers, exports are down from their 2019 level. Russia is the European Union’s largest supplier of natural gas. “The IEA believes that Russia could do more to increase gas availability to Europe and […]