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Sanctions Fail? Russia Added 56,000 Millionaires Despite Ukraine War While US Lost Most Wealth Last Year
Thursday, August 17, 2023 - 4:58am | 463Read More...While U.S. and Europe lost trillions of dollars in 2022, Russians were piling on wealth despite sanctions amid the ongoing conflict in Ukraine, a UBS report has revealed. What Happened: The ongoing Ukraine war and the Western sanctions did not prevent Russia from adding $600 billion...
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Western Nations Force Russia To Default On Foreign Debt; Ruble Maintains 7-Year High
Monday, June 27, 2022 - 5:32pm | 394Read More...As of late Sunday, Russia has defaulted on foreign debt, which has not occurred since 1918 during the Bolshevik Revolution. What Happened: The Kremlin failed to make payments totaling $100 million in dollars and euros owed to bondholders, missing a 30-day grace period, according to a Monday Wall...
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UBS Upgraded Qiwi, Yandex To Buy, Notes Improving Russian Macro Environment
Wednesday, May 6, 2015 - 11:25am | 363Read More...In a report published Wednesday, UBS analyst Ulyana Lenvalskaya explored the Russian Internet space and upgraded shares of Qiwi PLC (NASDAQ: QIWI) and Yandex NV (NASDAQ: YNDX) to Buy as signs of an improving macro environment translates to a more bullish view on the sector. According to...
