The US bank Citigroup has announced its intention to extend the scope of its withdrawal from the Russian market, from which it had already announced its intention to leave the consumer business, as well as the cessation of the search for new businesses or clients in the country.
"In April 2021, we…
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Russia
War conflict between Russia and Ukraine disturbs oil market
The economist and oil expert Rafael Quiroz considers that the war between Russia and Ukraine is of a political nature, however, its effects disturb the oil market, particularly in the increase in the price of crude oil, because for the…
Russians seek to convert their assets into cryptocurrencies
Several reports assure that some millionaires from Russia would be heading to the United Arab Emirates in order to be able to liquidate their assets in cryptocurrencies.
Given the situation between Russia and Ukraine, added to the number…
Biden banned the import of Russian products
The president of the United States, Joe Biden, prohibited the import of a series of Russian products, such as cereals, vodka or caviar, and restricted trade relations with Moscow as part of a new package of sanctions in response to the…
Goldman Sachs announces the suspension of operations in Russia
The investment bank Goldman Sachs announced the suspension of its activities in Russia, thus becoming the first large Wall Street bank to announce a measure that has already been previously adopted by numerous multinational companies.
The…
Bitfinex does not want to block Russian accounts
The Bitfinex cryptocurrency exchange assured that it is not in favor of suspending the accounts of Russian citizens who are not sanctioned.
As with all our clients' accounts, we work to ensure that there are no irregular movements or…
IMF warns of possible bankruptcy of Russia
The International Monetary Fund (IMF) assured that the bankruptcy of Russia "is no longer an improbable event" as a result of the sanctions applied in recent weeks after the attacks against Ukraine.
"Russia's default is no longer an…
Joe Biden could sign executive order on cryptocurrencies
US President Joe Biden will probably sign a long-awaited executive order during the week aimed at promoting the regulation of cryptocurrencies in the country, according to information published by specialized sources.
The information from…
McDonald’s and Starbucks suspend operations in Russia
The large American chains McDonald's, Starbucks or Yum! Brands, owner of KFC and Pizza Hut restaurants, announced the temporary closure and suspension of activity of its stores in Russia in reaction to the invasion of Ukraine.
The…
Oil price could hit $300
Given the ban by the United States on the import of oil and gas from Russia, the latter warned that the price of crude oil could reach 300 dollars per barrel.
This was indicated by the Russian Deputy Prime Minister, Alexander Nóvak, who…
Biden blocks import of oil and gas from Russia
The president of the United States, Joe Biden, announced a ban on the import of oil, gas and coal from Russia, assuming that there may be other allies who, like the Europeans, cannot yet take such a big measure.
"We will not subsidize…
Coinbase announces blocking of 25,000 Russian wallets
The Coinbase platform announced the blocking of some 25,000 cryptocurrency wallets related to Russian individuals and entities that would be involved in illicit activities.
As indicated by the cryptocurrency exchange, the objective of this…