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25 Mar 22
Egypt has formally requested a programme deal with the International Monetary Fund to help brace the economy and public finances against the effects of Russia’s invasion of Ukraine.
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25 Mar 22
G7 leaders have announced a crackdown on the Russian central bank’s ability to sell its gold reserves to prop up the rouble, as they draw up fresh efforts to stop Vladimir Putin’s government getting...
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22 Mar 22
The European Union is considering setting up a fund to “provide basic services and meet citizens’ immediate needs” in the face of the ongoing invasion by Russian troops, a top official has said.
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18 Mar 22
The economic damage caused by Russia’s invasion of Ukraine could take more than one percentage point off global GDP growth this year, according to the OECD.
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16 Mar 22
The Ukrainian government has unveiled a set of radical reforms, including a simplification of the tax system, to put its economy on a war footing.
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15 Mar 22
Ukraine’s GDP could contract by as much as 35% this year, following last month’s Russian invasion, according to the International Monetary Fund.
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14 Mar 22
A multilateral development bank in the 1960s by communist countries has seen its credit rating slashed to junk status, after five European Union nations announced plans to withdraw their...
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11 Mar 22
Russia is at “imminent” risk of defaulting on its debt due to sanctions and emergency policy decisions imposed following its invasion of Ukraine, analysts have said.
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11 Mar 22
The European Union has vowed to end its reliance on Russian fossil fuels in response to the ongoing invasion of Ukraine and is planning new measures to help governments support their economies amid...
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10 Mar 22
The International Monetary Fund Executive Board has approved a $1.4bn payment to Ukraine in an attempt to ease the economic impact of war with Russia, as other governments continue to arrange their...
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9 Mar 22
The Polish government has approved a fund worth at least £1.3bn to help Ukrainian refugees, and to provide additional support to local authorities.
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8 Mar 22
A new World Bank fund will bolster Ukraine’s finances amid the ongoing invasion by Russia, which is continuing into nearly its third week.
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8 Mar 22
Belarus is likely to default on its debt in the coming year as a result of sanctions imposed in response to its role in helping Russia’s invasion of Ukraine, S&P Global said after it downgraded...
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4 Mar 22
Russia’s ongoing invasion of Ukraine continues to have stark economic and financial consequences that are being felt around the world.
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1 Mar 22
Russia’s continuing invasion of Ukraine has led to yet more sanctions and financial assistance for the embattled Kiev authorities, with huge economic impacts predicted.
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25 Feb 22
The Bank of Russia has taken emergency measures in the face of tumbling Russian currency and asset values, which fell after president Vladimir Putin announced troops were invading Ukraine and Western...
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21 Feb 22
Western sanctions could put pressure on Russia’s credit rating according to rating agency Fitch, which warned of a “marked increase” in the risk of retaliation over perceived aggression at the border...
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17 Feb 22
Tensions in Ukraine risk the fragile global economic recovery from the Covid-19 crisis, warned Indonesian president Joko Widodo at a meeting of G20 finance leaders.
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24 Jan 22
The European Commission and Canada are set to provide more than £1bn in loans grants to Ukraine, to help ward off the threat of Russian hostility.
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24 Nov 21
The International Monetary Fund has released a delayed $700m disbursement to Ukraine amid concerns of increased Russian military activity.
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21 Jun 21
Expensive loans taken out by Russian regional governments will be replaced by long-term low-interest loans from the central government as president Vladimir Putin aims to bring the sector’s finances...
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8 Jun 21
Russia was able to weather the Covid-19 pandemic with some resilience, despite reductions in global oil prices, ratings agency Moody’s said.
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27 May 21
Russia’s aim to halve poverty by 2030 would be easier and more cost-effective if it introduced a guaranteed minimum income programme rather than expand its existing social safety net, the World Bank...
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16 Apr 21
Experts say that the Biden administration’s move to ban US financial institutions from participating in the primary market for Russian bonds is likely to have little impact.
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5 Oct 20
More than 200 million doses of a purported vaccine for Covid-19 have been sold by Russia’s sovereign wealth fund to countries desperate for an end to the health crisis.