In an attempt to escape hefty write-downs on operations in Russia due to their exit from the sanction-hit country, UniCredit and Citigroup are exploring the possibility of swapping assets with Russian banks, FT reports, citing people with knowledge of the matter. The plan comes amid a mass exodus of foreign …
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The US State Department may try to find a way to boot Russia from its permanent seat on the UN Security Council, shaking up the international body’s balance of power amid outrage over the war in Ukraine. Washington is “investigating the prospects” of expelling Russia as one of the five …
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The Russian president, it seems, has been working on his own concept of the elusive ‘Russian idea’ – a concept that has long puzzled philosophers and historians. At its heart, it suggests a nation has to have some unifying purpose or values that set it apart from others. Despite the …
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