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Ukraine war damage tops $100B so far, expert says

Ukraine's top government economic adviser Oleg Ustenko said on Thursday that invading Russian forces have so far destroyed at least $100 billion worth of infrastructure, buildings and other physical assets. Ustenko, chief economic adviser to Ukrainian President Volodymyr Zelenskiy, told an online event hosted by the Peterson Institute for International Economics that the war has caused 50% of Ukrainian businesses to shut down completely, while the other half are operating at well below their capacity. Asked how such a reconstruction effort could be financed, Ustenko said part of it could come from Russian assets that are frozen throughout the world, including Russian central bank assets held outside the country and immobilized by Western sanctions. ....

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Asset managers want better access to spot crypto market

Top buy-side exec bemoans constraints in debate on use of futures versus spot for cryptocurrency ....

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