Ukraine Financial Crisis
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Five Big Oil Companies Set To Reward Investors With Historic $100 Billion in 2023
The bumper payouts followed a year of record profits for big oil and gas companies after Russia's invasion of Ukraine upended global energy markets.
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UK To Urge PM Modi To "Call Out" Russia Over Ukraine Crisis: Report
UK Prime Minister Rishi Sunak will urge his Indian counterpart Narendra Modi at the upcoming G20 summit to "call out" Russia over its invasion of Ukraine and use its clout to help end the war, the Financial Times reported on Thursday.
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Ukraine Has Tenfold Increase In Poverty Due To War, Says World Bank
Russia's attacks on civilian infrastructure in Ukrainian cities away from the front lines will complicate the dire economic situation facing the country, which has already seen a tenfold increase in poverty this year, a top World Bank official said.
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European Commission Proposes 5 Billion Euros In Financial Aid To Ukraine
The European Commission on Wednesday proposed five billion euros in financial aid to Ukraine, in the latest installment of a promised nine-billion-euro rescue package agreed by EU leaders in May.
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Ukraine Claims To Save $5.5 Billion By Postponing Debt Repayments
Ukraine can save 200 billion hryvnias ($5.45 billion) for priority needs by deferring its external debt repayments, Prime Minister Denys Shmyhal said on Tuesday.
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Sri Lanka's Economic Crisis Should Be Warning To Us All: UN
With the war in Ukraine dragging on and risk seeing the same economic crisis as Sri Lanka, the UN said on Thursday as it advised the international community to introduce radical financial measures to help countries saddled with debt.
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Monetary Aid For Ukraine, Global Food Crisis, Inflation To Top G7 Agenda
G7 financial leaders are likely to focus on how to help Ukraine pay its bills, with reconstruction after the war, and issues like surging global inflation, climate change.
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Russia Could Take to Bitcoin Mining to Evade Sanctions, Warns IMF in New Global Financial Stability Report
The International Monetary Fund (IMF) has mentioned in a new financial stability report that Russia could evade economic sanctions levied in the wake of its invasion of Ukraine by pivoting to cryptocurrency mining.
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Russia Could Consider Using the Digital Ruble as Reserve Currency to Boost Economy
Faced with escalating Western sanctions, Russian officials have been considering ways to evade existing restrictions on the country's access to its foreign reserves and the global financial system with some lawmakers suggesting the introduction of the Digital Ruble as a reserve currency.
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Ethereum Co-Founder Joe Lubin Believes Russia-Ukraine Crisis Could Foster Crypto Adoption
Joe Lubin, the founder of ConsenSys, and a co-founder of the Ethereum blockchain, has shared thoughts about the role of cryptocurrencies in the Russia-Ukraine war. Lubin noted that the conflict would foster the integration of crypto into the global financial markets.
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Five Big Oil Companies Set To Reward Investors With Historic $100 Billion in 2023
The bumper payouts followed a year of record profits for big oil and gas companies after Russia's invasion of Ukraine upended global energy markets.
-
UK To Urge PM Modi To "Call Out" Russia Over Ukraine Crisis: Report
UK Prime Minister Rishi Sunak will urge his Indian counterpart Narendra Modi at the upcoming G20 summit to "call out" Russia over its invasion of Ukraine and use its clout to help end the war, the Financial Times reported on Thursday.
-
Ukraine Has Tenfold Increase In Poverty Due To War, Says World Bank
Russia's attacks on civilian infrastructure in Ukrainian cities away from the front lines will complicate the dire economic situation facing the country, which has already seen a tenfold increase in poverty this year, a top World Bank official said.
-
European Commission Proposes 5 Billion Euros In Financial Aid To Ukraine
The European Commission on Wednesday proposed five billion euros in financial aid to Ukraine, in the latest installment of a promised nine-billion-euro rescue package agreed by EU leaders in May.
-
Ukraine Claims To Save $5.5 Billion By Postponing Debt Repayments
Ukraine can save 200 billion hryvnias ($5.45 billion) for priority needs by deferring its external debt repayments, Prime Minister Denys Shmyhal said on Tuesday.
-
Sri Lanka's Economic Crisis Should Be Warning To Us All: UN
With the war in Ukraine dragging on and risk seeing the same economic crisis as Sri Lanka, the UN said on Thursday as it advised the international community to introduce radical financial measures to help countries saddled with debt.
-
Monetary Aid For Ukraine, Global Food Crisis, Inflation To Top G7 Agenda
G7 financial leaders are likely to focus on how to help Ukraine pay its bills, with reconstruction after the war, and issues like surging global inflation, climate change.
-
Russia Could Take to Bitcoin Mining to Evade Sanctions, Warns IMF in New Global Financial Stability Report
The International Monetary Fund (IMF) has mentioned in a new financial stability report that Russia could evade economic sanctions levied in the wake of its invasion of Ukraine by pivoting to cryptocurrency mining.
-
Russia Could Consider Using the Digital Ruble as Reserve Currency to Boost Economy
Faced with escalating Western sanctions, Russian officials have been considering ways to evade existing restrictions on the country's access to its foreign reserves and the global financial system with some lawmakers suggesting the introduction of the Digital Ruble as a reserve currency.
-
Ethereum Co-Founder Joe Lubin Believes Russia-Ukraine Crisis Could Foster Crypto Adoption
Joe Lubin, the founder of ConsenSys, and a co-founder of the Ethereum blockchain, has shared thoughts about the role of cryptocurrencies in the Russia-Ukraine war. Lubin noted that the conflict would foster the integration of crypto into the global financial markets.
