Since the beginning of the conflict in Ukraine, Brussels has been putting pressure on Moscow by introducing sanctions to damage its economy. The aim is clear: to deprive Russia of its main sources of hard currency income. But the European Union is having trouble agreeing on its sixth...
Oil & Gas. Tensions between Russia and the West over energy have escalated in recent days. For the first time, Moscow has cut off gas supplies to Poland and Bulgaria since Vladimir Putin threatened “unfriendly countries” with having to pay for natural gas in rubles....
Since the freezing of the Russian central bank’s assets by the Americans and the rise of inflation, many are wondering about the future of the US dollar as a reserve currency. In this article we will take a step back and outline, on the basis of Ray Dalio’s latest book,...
Oil & Gas. According to the New York Times, the European Union is preparing a phased ban on imports of Russian oil products. The measures should not be introduced until after the second round of French elections, to be held on April 24, to avoid the impact on pump prices harming...
American sanctions on Russia’s currency reserves could gradually prompt many countries to bypass the US currency. On February 28, the United States and its European allies froze the assets of the Russian Central Bank following the Russian military intervention in Ukraine. Half of...
Foreign debt. Russia is getting closer to a potential default on its foreign currency debt. The Ministry of Finance recently stated that it was forced to make payments in rubles to holders of dollar-denominated bonds. For the first time, the attempt to settle the US$649.2 million...
Central Bank. On February 28, the United States and its European allies froze the assets of the Russian Central Bank following the Russian military intervention in Ukraine. Half of the Central Bank’s assets held in the form of foreign exchange reserves and gold (US$300 billion)...
