For wealthy Russians, the race to shield their fortunes from sanctions is reaching another level. Starting this month, registering or providing management services to family trusts that have Russian nationals as trustors or beneficiaries will no longer be allowed.
Russia's invasion of Ukraine and the resulting sanctions have effectively taken the world's fourth-largest polluter out of the global battle to reach net-z.
(Bloomberg)
Europe is moving toward banning imports of key Russian iron and steel products, raising the stakes for industries already under pressure from soaring energy prices following the invasion of Ukraine.