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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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Russia’s Central Bank on Friday raised its key lending rate to its highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow's military action in Ukraine, the Associated Press reported. The bank raised the rate by 200 basis points to 18.00%, noting that inflation has accelerated and is developing “significantly above” its forecast. “Growth in domestic demand is still outstripping the capabilities to expand the supply of goods and services,” the bank said in a statement.
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Britain added 11 new shipping sanctions under its Russia sanctions regime related to the war in Ukraine, an official notice showed on Thursday, SwissInfo.ch reported. The government said the sanctions on ships including Zaliv Amurskiy and SCF Pechora relate to the carrying of oil or oil products from Russia to a third country. The ships are believed to have the flags of Panama, Gabon and the Cook Islands, the government notice said.
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