Economic sanctions that blocked bond payments have strengthened efforts to seal off Moscow from global markets.
Tag: Finances
Russia Appears to Miss Its Foreign Debt Payment Deadline
This default would be unusual because it would be a result of economic sanctions blocking transactions, not because the government has run out of money.
Billions of Dollars Laundered Annually in British Columbia
Government officials in the province of British Columbia were aware that suspicious money was entering their revenue stream, but took insufficient steps to stop it.
Turkey’s Doctors Are Leaving, the Latest Casualty of Spiraling Inflation
Doctors, worn down by grueling hours and violence, are emigrating in rising numbers, undermining one of President Recep Tayyip Erdogan’s signature achievements.
Women Under Financial Stress Faced Abuse During Pandemic, Researchers Find
Women who experienced financial hardship as a result of the pandemic were also more likely to be abused by their partners, according to an Australian study.
Building a Hub for New Art in Athens ‘Under the Shadow of the Acropolis’
Many associate culture in Athens with ruins and ancient artifacts. But the Greek government and several big philanthropic foundations want to put the city on the international contemporary art map.
In China’s Super League, Everyone Seems to Be Losing
Chinese teams once embraced ambition and overspending in a bold attempt to reshape their sport. Now they don’t even play games.
For U.K. Bands, Touring Europe Is Now a Highway to Brexit Hell
It’s not just that musicians need visas. Band merchandise is now a complicated export, and most tour vans are only allowed to make three stops.
Tommy Robinson, the Far-Right Agitator, Lifted by Trump, Turns to Russia
The anti-Islam agitator Tommy Robinson struck gold in America. Keeping it might require help from Moscow, where other British far-right activists are also finding friends.
As Coronavirus Hits Vatican Revenue, Pope Cuts Pay for High-Ranking Clerics
The Vatican has been hit hard by the economic impact of the pandemic, prompting Francis to impose pay cuts on cardinals and others so lower-ranking employees can keep their jobs.