News Analysis America and Europe surprised Chinese and Russian bankers. In retaliation against Russia’s invasion of Ukraine, they froze about $630 billion worth of Russian foreign reserves on Feb. 26. Moscow suddenly couldn’t utilize the hard currency reserves that it thought it possessed. It likely planned to use the billions to defend the ruble on…
China Is Hoarding Commodities
March 4, 2022
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Chinese Communist Party Wants Isolated Russia to Become Dependent on Beijing: Expert
March 4, 2022
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The Chinese Communist Party (CCP) hopes to capitalize on Russia’s current isolation by rendering it more dependent on Beijing, according to one expert. To achieve that goal, however, Beijing will need to provide Russia with assistance that flies under the radar of Western nations, which has leveled a slew of sanctions on Moscow over its…
Dutch Bank ING Says $770 Million in Loans Affected by Russian Sanctions
AMSTERDAM—Dutch bank ING provided an update on Friday on its exposure in Russia and Ukraine, saying that about 700 million euros ($771 million) in outstanding loans were “affected” by “new sanctions on (Russian) specific entities and individuals” by Europe and the United States. In a statement composed of bullet points and pictures, it did not…
Dozens of Companies Pulling Out of Russia After Invasion of Ukraine
Companies that have been doing business in Russia for decades are now streaming out like ants fleeing a disrupted ant hill. Dozens of big-name corporations have announced they will stop sales in Russia, break from joint ventures, or remove themselves from other kinds of business relationships in the country because of the nation’s invasion of…
Will China Help Russia Evade Western Sanctions?
As the West corners Russia with crushing sanctions, will Moscow turn to Beijing? And how big a risk does China take by getting involved? We break down the pros and cons. Former U.S. Secretary of State Mike Pompeo is visiting Taiwan. There, he received one of the country’s highest honors. And at the same time,…
Canada Expedites Temporary Visas for Ukrainians, Imposes New Sanctions on Russia
Ukrainians fleeing Russian aggression can find a safe haven in Canada using expedited temporary visas for emergency travel, the federal government announced Thursday while it also ratcheted up the economic pressure on Russia’s oligarchs. The government will provide fast-tracked visas for an unlimited number of Ukrainians who wish to come to Canada to work, and…
European Bank Shares Halt Slide, Russia’s Sberbank Exits Europe
FRANKFURT/LONDON—European bank shares halted their slide on Wednesday after dropping to their lowest level in nearly 11 months on fallout from the Ukraine crisis, which has forced the European arm of Russia’s Sberbank to close. Russia has shown no intention of stopping its Ukraine attack, which has triggered heavy sanctions against Moscow and led to…
China Not Sanctioning Russia Amid Its Invasion of Ukraine; China Wanted Russia To Wait Until After The Olympics
March 2, 2022
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China is financing Russia amid sanctions against the country. This is pre-planned, as the Russian embassy to China reveals. Growing calls to sanction China too is pushing the Chinese regime to re-think its position. Still, it seems it’s supporting Russia all the way economically with increasing imports of oil and goods. What do we do…
Sanction China for Russia’s Invasion of Ukraine
March 2, 2022
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News Analysis China’s regime is stepping into the economic breach for Moscow. While the rest of the world sacrifices by rapidly increasing sanctions on Russia for its bloody invasion of Ukraine, Beijing works quietly behind the scenes to ensure that Russia increases exports to China, and that Chinese companies keep doing business in Moscow’s empire….
Canadians Will Face Economic ‘Collateral Damage’ Over Country’s Actions on Ukraine, Freeland Says
As Canada ramps up sanctions against Russia in recent days in response to its invasion of Ukraine, Deputy Prime Minister Chrystia Freeland acknowledged on March 1 that Canadians could feel some repercussions from the measures. “At the end of the day, if we are truly determined to stand with Ukraine, if the stakes in this…
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