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TradingEuro Weakens, Rouble Slumps as Sanctions Piled on Russia
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TradingEuro Crawls Back as Market Weighs Impact of Sanctions, Invasion
China Rejects Calling Russia Move ‘invasion,’ Urges Citizens in Ukraine to Stay Home
Date: February 24, 2022
By Martin Quin Pollard and Ryan Woo BEIJING (Reuters) -China rejected calling Russia’s moves on Ukraine an “invasion” and urged all sides to exercise restraint on Thursday, even as it advised its citizens there to stay home. Ukrainian forces battled Russian invaders on three sides on Thursday after Moscow mounted an assault on Ukraine by...
Explainer-Russian Banks Face Exclusion From London
Date: February 24, 2022
By Tommy Wilkes and John McCrank LONDON/NEW YORK (Reuters) – Russian banks will be “totally” excluded from Britain’s financial system, Prime Minister Boris Johnson said on Thursday, as the UK unveiled the first set of tougher Western sanctions following Russia’s invasion of Ukraine. The measures target Russian banks, including the biggest, as well as members...
Dollar Surges as Russia Invades Ukraine
Date: February 24, 2022
By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar jumped and the Russian rouble tumbled to a record low on Thursday after Russia launched an invasion of Ukraine, as investors fled risk assets and moved towards safe haven assets. Russian forces invaded Ukraine in a massed assault by land, sea and air, the biggest...
UniCredit Shares Open Down 8% on Ukraine Crisis
Date: February 24, 2022
MILAN (Reuters) – Shares in UniCredit, whose Russian arm is one of the largest lenders in the country, fell as much as 8% on Thursday, before triggering an automatic trading suspension, hit by the escalation of the Ukraine crisis. Russian forces fired missiles at several cities in Ukraine and landed troops on its coast on...
Sterling Falls Versus Dollar, Holds Ground Against Euro
Date: February 24, 2022
By Stefano Rebaudo (Reuters) – Sterling fell against the dollar but stood its ground versus the euro as investors rushed into safe-haven assets after Russia launched an all-out invasion of Ukraine by land, air and sea. Ukraine’s President Volodymur Zelenskiy said Kremlin leader Vladimir Putin’s aim was to destroy his state, while U.S. President Joe...
Britain Sanctions Russian Oligarch Timchenko and Five Banks
Date: February 23, 2022
By Kylie MacLellan and William James LONDON (Reuters) -Britain on Tuesday imposed sanctions on Gennady Timchenko and two other billionaires with close links to Vladimir Putin after the Russian president deployed military forces into two breakaway regions of eastern Ukraine. British Prime Minister Boris Johnson said Russia was heading towards “pariah status” and that the...