Ukrainian economic adviser Oleh Ustenko has requested $50 billion in financial support from the G7 countries to cover the budget deficit created by the military conflict with Russia in a television address on Sunday. He said Kiev is also considering issuing 0% coupon bonds to bridge the fiscal gap. In …
Read More »Proposed US sanctions may cost Russia $50bn – media
The US is reportedly trying to convince its allies to impose new sanctions against Russia if a war with Ukraine breaks out. These would target arms and energy exports, costing Moscow around $50 billion, German tabloid Bild reported citing unnamed sources. The drastic step was reportedly proposed by William Burns, …
Read More »New twist in $50bn Yukos battle as US court sides with Russia over oligarchs & suspends controversial case
The case, part of a protracted 15-year legal battle brought by the oligarchs, won’t be reviewed until 2022, or until a parallel judgement is settled at the Supreme Court of the Netherlands. Dutch courts previously awarded $50 billion in damages to former investors in the company, believed to be the …
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