Russian Foreign Minister Sergey Lavrov said on Thursday that any NATO military presence in Central Asia will undermine the security of the Russian-led bloc in the region. The minister made his comment at an Afghanistan-themed summit in Tunxi, China. “We believe it’s unacceptable to have any US and NATO military …
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The National Bank of Ukraine has asked global financial messaging system SWIFT to disconnect Russia’s central bank, effectively cutting off the regulator’s ability to conduct international transactions. “The National Bank of Ukraine appealed to the leadership of the international SWIFT system with a call to disconnect the Central Bank of …
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Russian Central Bank Governor Elvira Nabiullina did not attempt to resign over Ukraine only to have her resignation personally rejected by President Vladimir Putin, the regulator said on Wednesday. It reiterated that “the information provided by the Bloomberg agency is not true.” Earlier, Kremlin spokesman Dmitry Peskov suggested those curious …
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The US Federal Reserve’s Federal Open Market Committee has boosted its benchmark interest rate by 25 basis points, the first increase in over three years as the policymaking body seeks to rein in near-record inflation. The new rate will run between .25% and .5%. In addition to the rate hike …
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The Central Bank of Russia has suspended currency interventions in support of the ruble, the head of the regulator, Elvira Nabiullina, announced on Monday. According to Nabiullina, the regulator is unable to carry them out because of Russia’s assets freeze by US and EU member states. DETAILS TO FOLLOW
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T Rabi Sankar, the deputy governor of the Reserve Bank of India (RBI), advised the Indian government to ban cryptocurrencies on Monday – comparing digital currencies to Ponzi schemes and branding them a threat to control of the economy. In a speech to the Indian Banks Association, Sankar warned that …
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Millions of people across Central Asia have been left without electricity after a shared power grid went down, cutting off national networks in three seperate countries on Tuesday. Massive blackouts have been reported in southern Kazakhstan, including parts of Almaty, the country’s former capital. Trolley buses ground to a halt in the city, …
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Moscow and Beijing should work together to resist external interference in Central Asia, Chinese Foreign Minister Wang Yi said on Tuesday, following accusations that foreign nationals were involved in recent unrest in Kazakhstan. Wang’s comments came after a phone call with his Russian counterpart, Sergey Lavrov, in which the two …
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Federal Reserve Board vice chair Richard Clarida has announced he will step down two weeks before his term is set to expire. His recently amended 2020 financial disclosures raised speculation about potential insider trading. Nominated by President Donald Trump and confirmed in September 2018, Clarida was the top aide to …
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The parent company of Facebook, which owns the social media network and other services, such as WhatsApp and Instagram, may soon have a new name. The looming rebranding was reported by The Verge this week. The outlet speculates that the corporation wants to have a name that includes the word …
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