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Ukraine

Damages from attacks on Ukraine valued at $60 billion

The World Bank affirmed that the costs of material damage suffered by Ukraine since the beginning of the war amount to nearly 60 billion dollars, and warned that the figure does not include the "increasing costs" of the conflict with Russia for the country's economy. "The World Bank concluded an…

IMF estimates 2.5 % growth for Latin America in 2022

The International Monetary Fund (IMF) published its new estimates on economic growth and slightly modified its forecasts for the Latin American and Caribbean region by 2.5 % for this 20220 in the framework of an environment marked by…

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G7 will give 24 billion dollars to Ukraine

The ministers of the countries belonging to the G7 pledged to deliver more than 24 billion dollars in assistance to Ukraine for 2022 and 2023. The group has been concerned about the "continued and brutal aggression of Russia against…

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IMF asks central banks to deal with inflation

The managing director of the International Monetary Fund (IMF) asked the central banks to adopt "decisive actions" for the benefit of the economies of their countries in the current inflationary context, aggravated by the war situation in…

Cryptocurrencies

Cryptocurrency prices drop 4 % in a volatile market

The most popular digital currencies in the global market, such as Bitcoin and Ethereum, registered a drop in their prices of around 4 %, within the framework of a fairly volatile market environment exacerbated by the war between Russia and…

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Russia cuts visa deals with EU countries

Russian President Vladimir Putin signed a decree suspending visa facilitation agreements with the European Union (EU), Norway, Denmark, Iceland, Switzerland and Liechtenstein. The decree, published this Monday by the Kremlin, emerges as a…

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IMF warns of increased use of cryptocurrencies in Russia

The International Monetary Fund (IMF) warned about the increase in the use of cryptocurrencies in Russia, due to the economic restrictions that have arisen due to the conflict with Ukraine. According to the agency, the restrictions they…

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The US will release a million barrels of oil daily

Joe Biden, President of the United States, ordered the release of one million barrels of oil per day for the next six months, in order to replicate the increase in energy prices as a result of the war between Russia and Ukraine. This is…

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Sánchez presented a plan to alleviate the effects of the war

The President of Spain, Pedro Sánchez, presented the measures that allow establishing the bases for a decree on the national plan to deal with the economic and social consequences of the war between Russia and Ukraine, which will be…

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The US and the EU could apply more sanctions against Russia

The European Union (EU) and the United States (USA) are discussing possible additional sanctions against Russia as part of a joint response to damage its economy in retaliation for the military attack on Ukraine. "We will continue to…

Cryptocurrencies

El Salvador postpones the launch of Bitcoin bonds

Due to the current geopolitical crisis, the government of El Salvador announced that it is going to postpone the launch of the bonds backed by the bitcoin cryptocurrency. The "Volcano Bond", as the government itself baptized it, was…

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Moscow stock exchange resumes operations

The Moscow Stock Exchange restarted its operations with shares, after having been closed since last February 25 in what has been the longest period of closure of the Moscow stock market. It reopened although with a series of limitations,…

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