Dubai throws open the doors for the rich Russians escaping sanctions

Roman Abramovich said to be among those looking for a luxury base in the UAE, which is unafraid to snub the west On the tarmac of Dubai airport, half way along its main runway, a small terminal has been doing brisk business this month. Daily flights have disgorged dozens of Russians – many among the

Ukraine war: Let us rapidly join EU and cut Russia from SWIFT, says Ukrainian president Zelenskyy

President Volodymyr Zelenskyy pushed for Ukraine’s urgent ascension to the European Union and Russia to be cut from the SWIFT international electronic bank payment system amid the ongoing invasion. “Residential buildings destroyed by missiles and artillery are the final argument for the world to stop this occupational invasion together with us,” he said in a

What is SWIFT and why does Ukraine want Russia banned from it?

The European Union is being criticized for not cutting off Russia from the global payments system. But what exactly is SWIFT? What would a ban mean for Russia? And why is the EU dragging its feet? DW explains. Ukrainian Foreign Minister Dmytro Kuleba didn’t mince his words in calling out the European Union for dragging

‘Every Asset They Have in US Will Be Frozen’: Biden Orders Massive Sanctions Against Russia

“This is going to impose severe cost on the Russian economy, both immediately and over time,” said U.S. President Joe Biden. Amid Moscow’s ongoing military attack on Ukraine, U.S. President Joe Biden on Thursday announced that Washington is imposing additional sanctions to limit exports to Russia, freeze assets held by powerful banks, and restrict the economic activities of oligarchs

Japan announces sanctions on Russia after Ukraine crisis escalation – DW News Asia

The US, the EU and Japan have all taken steps to restrict Russia’s capacity to borrow on international markets. “We’ve cut off Russia’s government from Western financing,” Biden said. “It can no longer raise money from the West and cannot trade in its new debt on our markets or European markets either.” Von der Leyen

World accused of ‘sitting and watching’ as Myanmar slides to war – Al Jazeera

One year since the military coup in Myanmar, calls for international action are growing louder, notably from the National Unity Government (NUG), made up of elected politicians who were thrown out of office by the generals.

Climate change to blame? 2021 produced the second-costliest disasters on record – DW News

Hurricanes, floods, wildfires, 2021 brought more than its share of natural disasters. And as well as claiming around 10,000 lives, they also took a major financial toll. German reinsurer Munich Re says it was one of the most expensive years on record, with global damages estimated at around 280 billion dollars – only 120 billion

Let’s talk about BBB, the GDP, and Manchin – Beau of the Fifth Column

Perdue to Spark New GOP Civil War by Challenging Gov. Brian Kemp

The winner is expected to face Democrat Stacey Abrams, who made her own campaign official last week. Former Sen. David Perdue (R-GA), whose defeat in a January runoff election handed the Senate majority to Democrats, is mounting a comeback bid—and his target is his former ally, Gov. Brian Kemp. Perdue will run against Kemp in the Republican

Turkish lira in historic 15% crash after Erdogan stokes fire sale

Lira has shed 45% vs dollar this year, worst in world Central bank has slashed policy rate 400 points since Sept Turks say household budgets, future plans in turmoil Ex-central banker calls for end to ‘irrational experiment’ Erdogan insists tighter policy will not lower inflation Turkey’s lira nose-dived 15% on Tuesday in its second-worst day