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 LeyenContinue reading “Japan announces sanctions on Russia after Ukraine crisis escalation – DW News Asia”
The fate of one of China’s largest real estate developers is in limbo after a major credit rating firm says Evergrande defaulted on major bond debts. CBS News contributor and the founder of Strategy Risks Isaac Stone Fish, break downs Evergrande’s situation and explains how the company got there.