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 theContinue reading “Dubai throws open the doors for the rich Russians escaping sanctions”
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 aContinue reading “Ukraine war: Let us rapidly join EU and cut Russia from SWIFT, says Ukrainian president Zelenskyy”
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 draggingContinue reading “What is SWIFT and why does Ukraine want Russia banned from it?”
“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 oligarchsContinue reading “‘Every Asset They Have in US Will Be Frozen’: Biden Orders Massive Sanctions Against Russia”
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”
Conservative mega-donors including the DeVoses and Bradleys are pumping big money into the Claremont Institute think tank that fueled Trump’s election-fraud fantasies The Claremont Institute, once a little-known think tank often confused with the liberal-arts college of the same name, has emerged as a driving force in the conservative movement’s crusade to use bogus fraudContinue reading “Revealed: The Billionaires Funding the Coup’s Brain Trust”
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 billionContinue reading “Climate change to blame? 2021 produced the second-costliest disasters on record – DW News”
Lithuania is doing what many so-called superpowers have failed to do. They invited Taiwan to open a de-facto embassy in Vilnius and is asking their citizens to dump Chinese phones. Palki Sharma tells you why this Baltic minnow is taking on Beijing.