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Russian Central Bank Governor Elvira Nabiullin deftly responded to Western sanctions over the war in Ukraine but it hasn't been enough to save the ruble. ....
As Western companies cut ties with Russia, international banks in the country are struggling to balance their fiduciary duties with the need to be seen to be pulling out. ....
Follow RT on Jonny Tickle Ukraine has requested that the European Union consider the possibility of disconnecting Russia from SWIFT, the international system of transfers between banks, suggesting that the measure be added to a new package of sanctions. Moscow has previously warned it would consider the move “a declaration of war.” Former Prime Minister Dmitry Medvedev, who now serves as the deputy chairman of the Security Council of Russia, has also dubbed it a “punch in the gut.” Ukrainian Foreign Minister Dmitry Kuleba told Reuters on Wednesday that he personally brought up the idea with his counterparts from the EU. Kuleba believes this measure could be used to deter Moscow in event of the situation in eastern Ukraine escalating. ....
U.S. ambassador to Russia John Sullivan is refusing to leave after he was advised by the Kremlin to return to D.C. in row over Biden s sanctions John Sullivan, the US ambassador to Russia is reportedly refusing to leave the country after he was told to return home just days after Biden s new sanctions Sullivan is said to have met with top foreign policy official, Yuri Ushakov, who advised that he go back to DC, but Sullivan has refused the recommendation Sullivan said if Russian President Vladimir Putin wants him to leave, then he ll have to force him out, sources claimed ....
US ambassador to Russia John Sullivan backs down and agrees to leave Moscow in tit-for-tat sanctions spat after earlier saying Putin would have to force him out John Sullivan, the US ambassador to Russia is to return home despite earlier reportedly refusing to leave the country Sullivan is said to have met with top foreign policy official, Yuri Ushakov, who advised that he go back to DC, but Sullivan had refused the recommendation Sullivan said if Russian President Vladimir Putin wants him to leave, then he ll have to force him out, sources claimed But today, the US embassy said Sullivan will return to DC for consultations ....