Mutual trade between Russia and China amounted to nearly $38.2 billion (243.03 billion yuan) in the first three months of the current year, marking substantial growth of 27.8% in yuan terms compared to the same period a year ago. China’s exports to Russia surged 25.9% to $16.44 billion, while Russia’s …
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The World Bank has taken measure of the economic devastation caused by the Russia-Ukraine conflict, predicting double-digit GDP declines in the two countries and recessions in neighboring Belarus and Moldova. Ukraine will be hardest hit, with its economy shrinking by 45.1% in 2022, the UN-affiliated bank said on Sunday in …
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The combination of inflation, the conflict in Ukraine and Russia sanctions may “dramatically increase risks ahead” for the United States, JPMorgan’s Chief Executive Jamie Dimon said in his annual letter to shareholders on Monday. He has warned of unpredictable consequences for the nation’s economy. According to Dimon, the outbreak of …
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Relying on import substitution to minimize the effect of sanctions imposed over the Ukrainian conflict doesn’t mean isolating the Russian economy from the rest of the world, Igor Shuvalov, who heads state development corporation VEB.RF, has pointed out, in an exclusive interview with RT. Since Crimea voted to reunite with …
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Current tensions between Russia and Ukraine are expected to have a negative impact on global grain markets, as both countries are among the world’s largest grain producers.However, it’s currently difficult to assess the scale of potential damage as food prices depend on a range of factors, according to Monika Tothova, …
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The Ukrainian economy is facing a perilous crisis and could be on course to default on its debts, one of Kiev’s top economists has cautioned after alarms were raised over the country’s GDP remaining the lowest in Europe. Speaking to business outlet Capital on Thursday, the country’s Director of the …
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The economy of the world’s largest country is reaching a point where its productive capacity is unable to keep up with growing demand due to labor shortages, a senior official at the Bank of Russia has cautioned. Speaking in an interview with YouTube channel Bitkogan on Wednesday, Kirill Tremasov, the …
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More than 2,000 IPOs, not including special purpose acquisition companies (SPACs), raised $402 billion in 2021 globally, data from Refinitiv shows. This represents growth of 81% in proceeds and a 51% increase in the total number of IPOs from the year before. SPACs, or shell companies listed on a stock …
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