Latest News for: Banks moscow

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Germany backs EU proposal to use frozen Russian assets to finance arms for Ukraine

Press TV 07 May 2024
Around 70% of Russian assets frozen in Western countries are held in Euroclear, a Belgian-based securities depository, which has the equivalent of approximately $204 billion worth of Russian central bank securities and cash.
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The US crackdown on Russian trade is working as Putin struggles to fund his war

Business Insider 06 May 2024
These are consumer goods that are critical to Moscow's war machine ... For instance, rubles are now the mainstay currency for Indian traders buying Moscow crude, after dealers in the UAE cut off payments in dirhams, a Russian banking source said.
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Russian asset seizure to aid Ukraine may hinge on G7 meeting

Roll Call 06 May 2024
... institutions themselves thus far have been more hesitant than Washington about seizing the assets for fear of legal and financial retaliation by Moscow and of destabilizing their own banking sectors.
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G20 members lobby EU against seizure of Russian assets – FT

Russia Today 04 May 2024
The US and its allies have blocked around $300 billion in Russian central bank assets as part of sanctions imposed on Moscow over the Ukraine conflict ... Read more Moscow warns West of ‘retaliatory blow’.
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G20 members lobby EU against seizing Russian assets FT

Beijing News 04 May 2024
The US and its allies have blocked around $300 billion in Russian central bank assets as part of sanctions imposed on Moscow over the Ukraine conflict ... assets that are sitting in American banks.
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G20 members urge EU to rethink seizure of Russian assets

Blitz 04 May 2024
In April, US President Joe Biden signed legislation authorizing the seizure of Russian assets held in American banks, signaling Washington’s commitment to exerting economic pressure on Moscow.
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G20 members lobby EU against seizure of Russian assets FT

Beijing News 03 May 2024
The US and its allies have blocked around $300 billion in Russian central bank assets as part of sanctions imposed on Moscow over the Ukraine conflict ... assets that are sitting in American banks.
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Top EU bank sets timescale for promised Russia exit

Russia Today 03 May 2024
Raiffeisen Bank will start a sharp reduction of its Russian business by the end of this year, its CEO has announced ... The bank ... Read more EU banks paying more Russian taxes since Ukraine conflict – FT.
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Russians who fled abroad return in boost for Putin’s war economy

Stars and Stripes 02 May 2024
While estimates of the number who left vary greatly, Alfa Bank economists in Moscow estimated that Russia lost about 1.5% of its entire workforce in 2022, or roughly 1.1 million people.
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Blackpool FC owner appears in court to face insider trading allegations

The Business Desk 02 May 2024
Sadler founded the Hong Kong hedge fund, Segantii Capital Management, in 2007 and is its chief investment officer ... The 54-year-old studied at UMIST then worked in investment banking in London, Moscow and Hong Kong before launching Segantii in 2007 ... .
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Major European Banks Paying Russia More in Taxes Than Before Ukraine Invasion – FT

Moscow Times 29 Apr 2024
Major European banks that continue to do business in Russia paid the government four times more in taxes in 2023 than in the year before Moscow launched its full-scale invasion of Ukraine, the Financial Times reported.
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China firms go 'underground' on Russia payments as banks pull back

Live Mint 29 Apr 2024
Now the threat of extending these to banks in China - a country Washington blames for 'powering' Moscow's war effort - is chilling the finance that lubricates even non-military trade from China to Russia.
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China firms go ‘underground’ on Russia payments as banks pull back

Philenews 29 Apr 2024
Now the threat of extending these to banks in China – a country Washington blames for “powering” Moscow’s war effort – is chilling the finance that lubricates even non-military trade from China to Russia.
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Western Banks Pay Over $850Mln in Taxes in Russia in 2023 - Reports

Sputnik 29 Apr 2024
MOSCOW (Sputnik) - The largest European banks that continue to operate in Russia paid more than 800 million euros ($857 million) in taxes in 2023, which is four times more than before the start of ...
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How China and Russia are reportedly using 'underground' channels to get around sanctions

Business Insider 29 Apr 2024
Grigory Sysoyev/POOL/AFP via Getty Images Chinese exporters are reportedly going "underground" as domestic banks pullback from transaction business with Russia, Reuters reported ... biggest state banks.
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