RUSSIAN SOVEREIGN ASSETS

G7 finance officials are nearing an agreement on using frozen Russian assets to benefit Ukraine, with final decisions to be made at a June summit of national leaders.

The G7 froze some $300 billion of Russian assets shortly after Moscow invaded its neighbour in February 2022. "We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilized Russia...

Ukraine's allies are debating how to use frozen Russian assets to support Kyiv's war effort amid Russia's territorial gains. The issue of $260 billion in Russian assets frozen abroad is a key concern at the G7 meeting in Italy.

G7 powers are determined to bolster Ukraine's air defences, their foreign ministers said on Friday after repeated Russian air strikes which have wrecked power infrastructure and killed hundreds. The Group of Seven major powers -- Italy, Canada, Fran...

U.S. Treasury Secretary Janet Yellen, speaking at a news conference ahead of meetings with her G7 and G20 counterparts, said the U.S. and its allies were evaluating different options for some $285 billion in Russian assets immobilized in 2022 and th...

Russia has warned the West that Moscow would respond very toughly if the US and EU seize hundreds of billions of dollars worth of Russian assets. This comes after the US and its allies blocked around $300 billion of sovereign Russian assets in the W...

The fund will have responsibility for investing government funds, surpluses and general reserves, the Office said in a statement, adding that it would focus on investments in stocks and bonds and explore prospects both domestic and foreign. "Dubai i...

Russian banks, including VTB, Sberbank, and Gazprombank, are considering becoming foreign portfolio investors (FPIs) to trade on Indian stock exchanges. VTB, Russia's second largest bank, has approached the Securities and Exchange Board of India (Se...

The fund, established in 1971 by royal decree, has its headquarters in Riyadh, Saudi Arabia, and offices in Hong Kong, London and New York. PIF has grown rapidly in recent years, funding ambitious tourism and commercial undertakings it calls "giga p...

The 86 designations target individuals and organisations connected to Russia's energy, metals, defence, transport, and financial sectors - ramping up pressure on Putin's remaining revenue and attempts to use these sectors to support the military mac...

Two Russian institutional entities and an individual, all based in Moscow, appear in the list of registered foreign portfolio investors (FPIs) with the Securities and Exchange Board of India (Sebi), as per information shared by the National Securiti...

An Estonian entity reportedly filed a lawsuit but the court allowed unloading of military items meant for India. The Kerala high court Monday ordered that a Russian ship, MV MAIA-I, be seized over non-payment of fuel charges of around Rs 1.87 crore ...

Bloomberg said the administration has decided against extending the waiver as a way to maintain financial pressure on Moscow. Western sanctions introduced following Russia's invasion of Ukraine ban transactions with Russia's finance ministry, centra...

Russia's $40 billion in international bonds and the chance of a default have become the focus of global financial markets since it was hit with sanctions from the United States and its allies after its invasion of Ukraine in late February.

The war between Russia and Ukraine is affecting the global economy via financial sanctions, higher commodity prices and supply-chain disruptions.

Not that sentiment plays no role in relations between nations. It does. The immense soft power that the West wields over nations like India colours the discourse, and could even impede rational pursuit of the national interest. So how does the natio...

Britain's Prime Minister Boris Johnson said the government would be ruthless in pursuing those "who enable the killing of civilians, destruction of hospitals and illegal occupation of sovereign allies."

In total Britain said the seven figures added to the sanctions list because of their connections to Russian President Vladimir Putin had a collective net worth of 15 billion pounds ($19.74 billion). "There can be no safe havens for those who have su...

Investors worry banks will again need to hike loan loss provisions, which had been declining after the pandemic-driven spike in 2020. The crisis is also reducing the chances of higher interest rates, which would have boosted income from lending.