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Spring in Russia began with ‘raining sanctions’

March 1 was marked by the emergence of information about new sanctions against the Russian economy and individuals from all around the world. Japan, Turkey, Canada, South Korea, Singapore and Australia have joined the US, UK and EU sanctions. Six persons of the Russian state fell under Japanese sanctions, including Vladimir Putin, Dmitry Medvedev ...

Head of the IMF admitted the possibility of default in Russia

According to IMF Managing Director Kristalina Georgieva, a default may soon occur in Russia. The reason for this may be the sanctions imposed on the country against the backdrop of events in Ukraine. However, Georgieva stressed out that she had no intention ... ... Georgieva named the increase in commodity prices, which in turn could hinder further growth and create difficulties for the global economy. The head of the IMF noted that Russia will definitely enter a recession, but neighboring countries in Europe and Asia ...

S&P Global Ratings: risk of default in Russia is high

Russia's sovereign credit rating was downgraded by 8 points. This was done by the international rating agency S&P Global Ratings (S&P) against the backdrop of sanctions imposed against Russia and Russian ones in response. At present, the rating in both foreign and national currencies has been downgraded to CCC-. The agency attributed the sharp drop in the rating to Russia's special operation in Ukraine and ...

Tinkov and Fedun: Russian billionaires become millionaires

Several dollar billionaires from Russia lost their financial status due to Russia's special operation in Ukraine. Arkady Volozh and Oleg Tinkov have recently become millionaires. Even earlier, a similar reduction in capital affected Leonid Fedun, who heads the board of directors of Spartak FC and is vice president of Lukoil. Forbes estimated Fedun's fortune at $11.1 billion. Previously, the entrepreneur was in 16th place in the ranking of the Russian rich, and now he has lost about 80% of his...

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