Source: MarketScreener The United States has banned Americans from putting investments in Russia, as part of its new sanctions for its invasion of Ukraine. QQQ is down 2.45% The new measures zero in on Sberbank, which accounts for a third of Russia’s total banking assets, along with Alfabank.The measures also impose sanctions on Russian President Vladimir Putin’s adult … [Read more...] about US Targets Major Russian Lenders, Putin’s Daughters in Latest Sanctions
Russia
US Treasury Blocks Russian Debt Payments, Raising Concerns of Default
Source: Reuters The United States prevented the Russian government on Monday from making payments of its sovereign debt of over $600 million from reserves held at US banks. RUBUSD down -0.86% The move seeks to intensify pressure on Moscow and eat into its holdings of dollars.Under sanctions imposed after Russia’s invasion of Ukraine on February 24, foreign currency … [Read more...] about US Treasury Blocks Russian Debt Payments, Raising Concerns of Default
BlackRock Funds Incur $17-Billion Losses as Sanctions on Russia Hit
Global asset manager BlackRock has recorded some $17-billion worth of losses due to its Russian exposure, FT reported. BlackRock has marked down a number of its Russian assets valued at $18.2 billion at the end of January due to the impact of worldwide sanctions imposed against the country after President Vladimir Putin invaded Ukraine. The company halted acquisitions of … [Read more...] about BlackRock Funds Incur $17-Billion Losses as Sanctions on Russia Hit
