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Russia Has Withstood 'Economic Blitzkrieg,' Citizens Must Prepare for Inflation and Unemployment: Putin

President Vladimir Putin is claiming that Russia has survived widespread international economic sanctions imposed on it following Moscow’s invasion of Ukraine but admitted that the country will see rising inflation and unemployment in the future. ....

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Russian Debt Default 'Priced-In' by Investors But Risks Remain, 'Butterfly Effect' Could Impact Multiple Entities

Russia’s attack on Ukraine and the resulting international sanctions have triggered fears of a potential debt default by Moscow, something which economist William Jackson says is unlikely. ....

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Fitch Downgrades Ratings of 31 Russian Banks

Rating agency Fitch has downgraded the Long-Term Foreign Currency (LTFC) Issuer Default Ratings (IDRs) of 31 Russian banks from “B” to “CC” and Short-Term IDRs from “B” to “C”. ....

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It Is Not Wall Street's Job To 'Ostracize' Russia: Goldman Sachs CEO

Despite what’s happening in Ukraine, it was not the responsibility of businesses to engage in politically-motivated exits, according to Goldman Sachs CEO, David Solomon, as his bank decided to quit the country following a multitude of international corporations that have forfeited their operations in Russia. ....

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Burger King Latest Food Company Restricting Russian Operations

Fast food chain Burger King, with around 800 fully franchised outlets in Russia, has decided to pause all corporate support within the country, joining other companies taking similar retaliatory measures following Moscow’s incursion into Ukraine. ....

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