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(Reuters) - As foreign companies seek to exit Russia over the war in Ukraine, they face the prospect that Russian bankruptcy law could be used to seize assets and even lead to criminal penalties.
Russia defaulted on part of its foreign currency denominated debt on 27 June 2022, because of funds being stuck in Euroclear. [1] This was its first such default since 1918, back then it was just ruble -denominated bonds, not foreign currency debt. [2] [3] Before that, on 2 June, Russia defaulted on the 30-day interest, incorrectly not counting ...
The economic impact of the Russian invasion of Ukraine began in late February 2022, in the days after Russia recognized two breakaway Ukrainian republics and launched an invasion of Ukraine. The subsequent economic sanctions have targeted large parts of the Russian economy, Russian oligarchs, and members of the Russian government.
US President Joe Biden gives his remarks on the Russian invasion of Ukraine. The United States has supported Ukraine during the ongoing Russian invasion of Ukraine.After it began on 24 February 2022, President Joe Biden condemned the invasion, provided military and humanitarian aid to Ukraine, and sanctioned Russia and Belarus, the two countries most involved in invading Ukraine.
As foreign companies seek to exit Russia over the war in Ukraine, they face the prospect that Russian bankruptcy law could be used to seize assets and even lead to criminal penalties.
Ukraine is not ready to compromise with Russia and give up any territory to end the war, a senior Ukrainian official said on Tuesday when asked about U.S. presidential candidate Donald Trump's ...
The UAE-based network was accused of funneling $300 million in gold profits to Russia and supporting its war against Ukraine. The UAE became the biggest hub for Russian gold since war started. Baker had connections with the beneficial owner of one of the Emirates' biggest gold refiners, which lost recognition due to involvement in money laundering.
Foreign involvement in the Russian invasion of Ukraine. On 24 February 2022, Russia invaded Ukraine, escalating the Russo-Ukrainian War that began in 2014 into the full-scale invasion and the biggest war in Europe since the WW2. Twenty-one months later, on 20 November 2023, Ukraine had cumulatively received over $44 billion in materiel aid from ...