Russia’s central bank called for restraint in issuing corporate loans denominated in yuan after the country’s two biggest lenders urged action to alleviate a deficit of the Chinese currency. The banking sector should limit lending […]
President Joe Biden’s administration is backing legislation that would let it seize some of $300 billion in frozen Russian assets to help pay for the reconstruction of Ukraine, a shift as the White House seeks […]
Swiss bank Credit Suisse blocked over $19 billion in Russian money, according to SonntagsZeitung newspaper. By doing so, Credit Suisse alone reportedly froze a third of all declared Russian assets in Switzerland. According to the […]
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