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27 Jun 24
Bloc ‘determined’ to reduce sources of revenue but governance for members now critical
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21 Jul 23
A proposed €20bn long-term military support package will provide more “sustainable and predictable” financing for Ukraine, a senior European Union minister has said.
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16 Jun 23
US senators have tabled a bill that would allow the transfer of seized Russian government assets to Ukraine to fund its reconstruction after being devastated by war.
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30 May 23
Potential sanctions linked to South Africa’s position on Russia could push the country into a financial crisis, its central bank has warned.
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14 Apr 23
Economic disruption caused by Russia’s invasion saw the Ukrainian economy contract by almost 30% last year, the nation’s statistics agency has revealed.
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26 Oct 22
The Ukrainian government has appealed for more support from donor countries and multilateral lenders to help fund its war response, meet budgetary needs and begin the reconstruction effort.
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18 Oct 22
The World Bank has placed all development loans made to Belarus through its subsidiary lender to a non-performing status because of overdue payments.
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26 Jul 22
The Russian central bank has slashed interest rates by 1.5 percentage points because subdued customer demand has led to reduced inflation.
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13 May 22
The level of remittances to low-and-middle-income nations is expected to hit $630bn this year, fuelled by increased funding to Ukraine following February’s invasion, according to the World Bank Group...
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5 May 22
The Russian government made a last-ditch dollar payment on two sovereign bonds, avoiding a historic debt default, according to reports.
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11 Apr 22
Russia’s foreign-currency rating has been cut to ‘selective default’ after the government made payments on its dollar-denominated debt in rubles in an attempt to skirt international sanctions...
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6 Apr 22
Russia’s finance ministry has said it had to make dollar bond payments in rubles after the US blocked payments using dollars held in US banks in an attempt to put pressure on the government amid the...
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1 Apr 22
Economic sanctions on Russia following its invasion of Ukraine could wipe 10% off the nation's GDP this year, according to a multilateral development bank.
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25 Mar 22
G7 leaders have announced a crackdown on the Russian central bank’s ability to sell its gold reserves to prop up the rouble, as they draw up fresh efforts to stop Vladimir Putin’s government getting...
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23 Mar 22
The Iranian finance minister has promised to cut spending and reform government institutions in order to foster better financial discipline, in a country whose economy has been beaten by sanctions.
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4 Mar 22
Russia’s ongoing invasion of Ukraine continues to have stark economic and financial consequences that are being felt around the world.
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1 Mar 22
Russia’s continuing invasion of Ukraine has led to yet more sanctions and financial assistance for the embattled Kiev authorities, with huge economic impacts predicted.
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25 Feb 22
The Bank of Russia has taken emergency measures in the face of tumbling Russian currency and asset values, which fell after president Vladimir Putin announced troops were invading Ukraine and Western...
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23 Feb 22
The European Union has strengthened sanctions against Myanmar, including freezing the assets of a state-owned gas company, following a military coup last year.
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21 Feb 22
Western sanctions could put pressure on Russia’s credit rating according to rating agency Fitch, which warned of a “marked increase” in the risk of retaliation over perceived aggression at the border...
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30 Sep 21
More than 75% of Venezuelans now live in extreme poverty, fuelled by the nation’s economic crisis, a study has claimed.
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23 Apr 21
Opposition politicians in Venezuela will use $100m of money frozen in the United States to buy Covid-19 vaccines in the face of the country’s slow rollout of jabs.
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15 Feb 19
US senators have put forward a bill that would impose new sanctions on Russia over its alleged meddling in US elections and its stance on Ukraine.
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4 Nov 16
Sudan has raised fuel prices by around 30% as a severe shortage of foreign currency adds to a growing economic crisis in the country.
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3 Jun 16
Securing debt and sanctions relief will be critical to Sudan’s continued recovery as growth remains constrained despite successful policies, the International Monetary Fund has said.
27 Jun 24Bloc ‘determined’ to reduce sources of revenue but governance for members now critical
21 Jul 23A proposed €20bn long-term military support package will provide more “sustainable and predictable” financing for Ukraine, a senior European Union minister has said.
16 Jun 23US senators have tabled a bill that would allow the transfer of seized Russian government assets to Ukraine to fund its reconstruction after being devastated by war.
30 May 23Potential sanctions linked to South Africa’s position on Russia could push the country into a financial crisis, its central bank has warned.
14 Apr 23Economic disruption caused by Russia’s invasion saw the Ukrainian economy contract by almost 30% last year, the nation’s statistics agency has revealed.
18 Oct 22The World Bank has placed all development loans made to Belarus through its subsidiary lender to a non-performing status because of overdue payments.
26 Jul 22The Russian central bank has slashed interest rates by 1.5 percentage points because subdued customer demand has led to reduced inflation.
6 Apr 22Russia’s finance ministry has said it had to make dollar bond payments in rubles after the US blocked payments using dollars held in US banks in an attempt to put pressure on the government amid the...
23 Mar 22The Iranian finance minister has promised to cut spending and reform government institutions in order to foster better financial discipline, in a country whose economy has been beaten by sanctions.
4 Mar 22Russia’s ongoing invasion of Ukraine continues to have stark economic and financial consequences that are being felt around the world.
23 Feb 22The European Union has strengthened sanctions against Myanmar, including freezing the assets of a state-owned gas company, following a military coup last year.
30 Sep 21More than 75% of Venezuelans now live in extreme poverty, fuelled by the nation’s economic crisis, a study has claimed.
15 Feb 19US senators have put forward a bill that would impose new sanctions on Russia over its alleged meddling in US elections and its stance on Ukraine.
4 Nov 16Sudan has raised fuel prices by around 30% as a severe shortage of foreign currency adds to a growing economic crisis in the country.
3 Jun 16Securing debt and sanctions relief will be critical to Sudan’s continued recovery as growth remains constrained despite successful policies, the International Monetary Fund has said.
