US pushing G7 members to devise ways to tap Russian frozen assets — RT Business News

US pushing G7 members to devise ways to tap Russian frozen assets — RT Business News

Source link Western allies are looking for “viable” options to expropriate the funds, US Treasury Secretary Yellen has said The US and its allies will keep seeking a “firm” legal rationale to underpin plans to confiscate frozen Russian assets, US Treasury Secretary Janet Yellen told Reuters on Thursday. In an interview held shortly after a […]

The West is willing to destroy its financial system to punish Russia — RT Business News

The West is willing to destroy its financial system to punish Russia — RT Business News

Source link Today’s Western leaders exhibit a strange mix of self-assuredness and anxiety that’s characteristic of those defending the status quo during times of sweeping change US Treasury Secretary Janet Yellen has become the latest to add her voice to the growing chorus of Western officials calling for the seizure of Russia’s $300 billion in […]

Russia should stop hostile EU countries from cashing in on sanctions – official — RT Business News

Russia should stop hostile EU countries from cashing in on sanctions – official — RT Business News

Source link Baltic ports in Latvia and Lithuania have become a gateway for wine and whisky imports to the sanctioned country There is no need for Russia to impose an embargo on wine and whisky imports from ‘unfriendly’ countries, but deliveries via the ‘hostile’ Baltic nations must be stopped, Sergey Ivanov, a special representative to […]

Russian economy becoming more sustainable – Putin — RT Business News

Russian economy becoming more sustainable – Putin — RT Business News

Source link Currently, 90% of the country’s growth comes from non-resource-based industries, according to the president The Russian economy is becoming more complex and technologically advanced and less based on natural resources, President Vladimir Putin said on Thursday in a key annual speech to the Federal Assembly, the country’s national legislature. The country’s non-resource-based exports […]

West destroying its own financial system – Putin — RT Business News

West destroying its own financial system – Putin — RT Business News

Source link Policies enacted by the US and EU have discredited the Western banking system and currencies, according to the Russian president The West is discrediting its own currencies and banking system, Russian President Vladimir Putin said in his annual address to the Federal Assembly on Thursday, adding that the established monopolies and stereotypes in […]

Keep money in Russia, Putin says — RT Business News

Keep money in Russia, Putin says — RT Business News

Source link Those who take their funds abroad risk “losing everything,” according to the president Russian President Vladimir Putin has called on the country’s businesses to invest at home so that they don’t have to search for ways to get their assets back from the West. Those who withdraw funds abroad risk “losing everything,” the […]

West divided over seizing Russian assets – Bloomberg   — RT Business News

West divided over seizing Russian assets – Bloomberg   — RT Business News

Source link France and Germany have warned that outright confiscation would reflect badly on the West’s financial system A rift is growing between Western allies over confiscating frozen Russian assets to help Ukraine as they continue to argue over legal ways to use the immobilized funds, Bloomberg reported on Wednesday. The West has frozen roughly […]

German households heavily burdened by energy costs – report — RT Business News

German households heavily burdened by energy costs – report — RT Business News

Source link Prices for heating, electricity and refueling are reportedly 41% higher in 2024 than before the crisis Consumers in Germany are having to pay significantly higher for heating and electricity in 2024 than before the energy crisis, the Berliner Morgenpost has reported, citing the latest study by the portal Verivox. According to the report, […]