Sanctioned Russia teeters on brink of historic default
The economic cost of Russia's assault on Ukraine was further exposed on Wednesday as the sanctions-hit country teetered on the brink of its first default on international debt since the Bolshevik revolution.
EU bans top credit rating agencies from rating Russia and Russian firms
The European Union has banned top credit rating firms from rating Russia's sovereign debt and the country's companies as part of its latest sanctions package, the European Commission said on Tuesday.
Abramovich flies into Moscow as yachts are seized and caviar banned in hit to Russia’s rich
Russian billionaire Roman Abramovich jetted into Moscow on Tuesday as the Spanish government seized more assets belonging to Russia's rich and the EU banned exports of caviar and luxury goods.
Oil prices fall, continuing downward trend from last week
Oil prices fell on Sunday at the start of the session, extending last week's decline, as a U.S. official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine.
Kristalina Georgieva (IMF) :Russian default no longer ‘improbable’, but no trigger for global financial crisis
Russia may default on its debts in the wake of unprecedented sanctions over its invasion of Ukraine, but that would not trigger a global financial crisis, International Monetary Fund Managing Director Kristalina Georgieva said on Sunday.