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“Russians flood UAE crypto firms to liquidate ‘billions’ over fears about sanctions” Crypto firms in the United Arab Emirates are being deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, company executives and financial sources said. Some clients are using cryptocurrency to invest in real estate in…
” US and EU double down on measures against Russia potentially using crypto to evade sanctions “ The United States and the European Union have announced new actions targeting Russia’s economy and wealthy individuals as a report suggests Vladimir Putin’s allies have attempted to circumvent sanctions using cryptocurrency in foreign countries. In a Friday announcement,…
“Roman Abramovich’s superyachts flee to sea as Russian sanctions hit” Roman Abramovich’s two superyachts fled to sea this week after the Russian billionaire was included in another round of sanctions against the country’s richest individuals following Russia’s invasion of Ukraine. The Abramovich-owned Solaris – a yacht with a $600 million price tag – was cruising…
“Marriott, Hilton still open in Russia even as other US companies leave” Many US-based companies have rushed to pull up stakes in Russia — with at least one notable exception: hotels. Some hotel chains — including the largest in the world, Marriott International, and also Hilton – closed their corporate offices in Moscow and suspended…
“US faces 35% risk of recession: Goldman Sachs” The US economy is at greater risk of falling into a recession over the next year due to higher oil prices and the specter of a prolonged Russian invasion of Ukraine, according to experts at investment banking giant Goldman Sachs. The analysts at the bank peg a…
“Russia could reopen McDonald’s stores by scrapping trademark protections: expert” Russia is reportedly weighing moves to scrap trademark protections for companies tied to “unfriendly” countries — measures that could clear the way to reopen Russia’s McDonald’s stores without permission. Russian state-owned media outlet TASS recently published a report noting officials from the Ministry of Economic…
“Big Pharma won’t pull out of Russia despite Ukraine war” The biggest pharmaceutical companies in the world have failed to cut ties with Russia even as multinational corporations in other sectors have halted operations there to protest the invasion of Ukraine. Drug makers and manufacturers of medical devices claim they have an obligation to continue…
“Uniqlo halts Russia operations amid Ukraine war” Uniqlo is reversing an earlier decision to continue doing business in Russia after coming under fire for not joining more than 330 other multinational companies who cut ties with the country over the invasion of Ukraine. “While continuing our Uniqlo business in Russia, it has become clear to…
“SpaceX mocks Russia during Starlink launch” SpaceX officials couldn’t resist poking fun at Russia during the firm’s recent launch of 48 Starlink satellites into orbit — escalating a feud with Russia’s space agency that has intensified since the Kremlin began its widely condemned invasion of Ukraine. Just seconds before Wednesday’s launch, a SpaceX director mocked…
” Is the Ukraine war intensifying regulatory pressure on crypto firms? “ Whose side are you on? The Ukraine-Russia war is forcing people to answer that question. For some in the crypto community, this can be uncomfortable because if an individual or project stands with the West against Russia, it also means it abides by…