Russia has more than doubled its interest rate to 20% in a bid to halt a slump in the value of its currency. The Bank of Russia raised the rate from 9.5% after the rouble sank 30% after new Western sanctions. The currency then eased back to about 20% down. The collapse in value erodes […]
Tag: russia
Defiant Zelensky vows ‘I’m here’ after Russian attack
After Ukrainian forces said they had repulsed a Russian attack on their capital Saturday, President Volodymyr Zelensky shot a selfie-style video to vow to stay and fight on. “I am here. We will not lay down any weapons. We will defend our state because our weapons are our truth,” he declared, denouncing as disinformation claims […]
EU slaps ‘massive’ sanctions on Russia
European Union leaders have announced what they called “massive” sanctions against Russia for invading Ukraine during an emergency summit in Brussels that spilled into the early hours of Friday. The measures come amid reports of Russian troops moving ever closer to Ukraine’s capital, Kyiv. This is the European Union’s second set of sanctions against Moscow […]
Shares dive, oil soars after Russian action in Ukraine
Stocks plunged and oil prices surged by more than $5 per barrel Thursday after President Vladimir Putin launched military action in Ukraine, prompting Washington and Europe to vow sanctions on Moscow that may roil the global economy. Market benchmarks in Europe and Asia fell by as much as 4% as traders tried to figure out […]
Bitcoin plunges below $37,000 as tensions between Russia and Ukraine climb
Bitcoin and other major cryptocurrencies have been feeling the heat this week as tensions between Russia and Ukraine escalate and investors shun riskier assets. On Tuesday, bitcoin was trading at $36,649 at 2:30 a.m. ET, falling nearly 6.5% in the last 24 hours, according to data from CoinDesk. The world’s most valuable cryptocurrency fell below […]