Sanctions hurt, but Russia’s banks keep profiting
Given that a large portion of Russia's financial reserves was held abroad, the freezing of these assets led to immediate concerns about the ability to manage balance sheets...
Tag : Moscow
Business Leader of the Week: Meet Andrey Melnichenko, Russia’s fertiliser & coal ace
In 2022 Forbes and Bloomberg estimated Andrey Melnichenko's net worth at USD 15.8 billion and USD 17.4 billion respectively, which makes him one of the richest persons in Russia...
The ‘Russian Minefield’ for Western businesses
Just before the Ukraine war, Russia approved measures that could lead to the nationalisation of foreign firms suspending their operations in the country's domestic market...
Global economy’s uncertain future
The West thought of hurting Russia's energy trade, the same resource on which Europe's entire economy keeps running...
IF Insights: An honest take on the ‘success’ of G7 price cap on Russian energy trade
The price cap, imposed by the 2022 end, was seen as an effort intended to reduce Russia's ability to finance its Ukraine adventure...
Dollar’s kingship under threat?
As of 2023, central banks hold about 60% of their foreign exchange reserves in Dollars...
IF Insights: Black Sea Deal saga threatens to derail inflation fight
Experts believe that the domino effect of Russia’s action will be reflected in global inflation which, in 2023, started showing signs of calming down...
IF Insights: Have the sanctions against Russia worked?
One of the primary objectives of the sanctions was to limit Russia's access to the global energy market and reduce its ability to export oil...