The Biden administration, responding to the death of Aleksei A. Navalny, unveiled its largest sanctions package to date as the war in Ukraine enters its third year.
Tag: Banking and Financial Institutions
A Russian Bank Account May Offer Clues to a North Korean Arms Deal
Moscow may be trying to help Pyongyang with access to the international financial system in exchange for missiles and ammunition, U.S.-allied intelligence officials suggest.
Bank of America Pledged to Stop Financing Coal. Now It’s Backtracking.
The changes come as Republican lawmakers step up efforts to punish businesses that consider climate change and the environment in their operations.
U.S. Leading Soft Landing for Global Economy
Economies all over the world are lowering inflation while avoiding serious recession — but growth in the United States stands out.
Iceland Scrambles to Shelter Residents Made Homeless by Volcanic Eruption
In a country of fewer than 400,000, finding places for 3,700 residents is complicated by a tough housing market.
U.S. to Clamp Down on Financial Firms That Help Russia Buy Military Supplies
President Biden signed an executive order granting the Treasury Department broader powers to curb the flow of weapons components.
U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up
Despite legal reservations, policymakers are weighing the consequences of using $300 billion in Russian assets to help Kyiv’s war effort.
The Debt Problem Is Enormous. Experts Say the System for Fixing It Is Broken.
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
Russia’s Central Bank Raises Rates to 16 Percent
The bank warned that its tight monetary policy would continue “for a long period” as it attempts to slow an economy in danger of overheating.
Bank of England Keeps Interest Rates at 5.25%, a 15-Year High
The Bank of England and European Central Bank both held their benchmark rates steady. Even though inflation has been slowing, they gave no indication of when rates would start to come down.