British bank HSBC is beginning to wind down relations with a host of Russian banks including the second-largest, VTB, according to a memo seen by Reuters, as financial institutions start to implement restrictions on Russia.
Europe's financial market on Monday began severing Russia's ties to its critical plumbing for trading, clearing and settling securities as sanctions on Moscow started to bite.
Toyota Motor Corp, a late-comer to the battery electric vehicle (BEV) market, is weaving in all efforts to make sure its first mass-market model is safer and lasts longer than rivals' products when it goes on sale later this year.
The European arm of Sberbank, Russia's biggest lender, faces failure, the European Central Bank (ECB) warned on Monday, after a run on its deposits sparked by the backlash from Russia's invasion of Ukraine.
The European Central Bank on Monday warned that Sberbank Europe, a unit of Russia's Sberbank, and two other subsidiaries under its watch "are failing or likely to fail", in an indication of the fallout of a fresh round of sanctions.
In an indication of the fallout of a fresh round of sanctions, the European Central Bank on Monday warned that Sberbank Europe, a unit of Russia's Sberbank, and two other subsidiaries under its watch "are failing or likely to fail".
The European Central Bank on Monday warned that Sberbank Europe, a subsidiary of Russia's Sberbank, and two other subsidiaries under its watch "are failing or likely to fail", in an indication of the fallout of the latest sanctions on Russia.
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South Korea will tighten export controls against Russia by banning shipments of strategic items and join Western countries' moves to block some Russian banks from the SWIFT international payments system, Seoul's foreign ministry said on Monday.
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Lessors are set to terminate hundreds of aircraft leases with Russian airlines following Western sanctions over the invasion of Ukraine that require the contracts be cancelled.
Aircraft leasing firms are set to terminate hundreds of leases with Russian airlines following Western sanctions over the invasion of Ukraine that give the sector a month to act.
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As a result, the bank is "likely to be unable to pay its debts or other liabilities as they fall due," the ECB said.
Chinese electric vehicle (EV) maker Nio Inc plans to carry out secondary listings by introduction in Hong Kong and Singapore as it seeks to grow its business in the region.
Japan is working closely with G7 nations to ensure effective economic sanctions against Russia and its central bank, its top currency diplomat said after a meeting of government and central bank executives to debate the fallout from the Ukraine crisis.
Japan will join the international sanctions on Russia's central bank by limiting transactions with it, Prime Minister Fumio Kishida said on Monday, after telling Ukrainian President Volodymyr Zelenskiy that Japan would stand by its side.
Japan's government and central bank executives met on Monday to discuss market developments in the first such gathering in roughly a year, as the financial fallout from Russia's invasion of Ukraine broadens.
VTB Capital last week lowered a large Russian flag at its palatial building opposite the Bank of England in London's financial district, signalling a retreat from one of the main global centres for money flows.
BP's decision to abandon its stake in oil giant Rosneft is the first high-profile example of the self-sanctioning by companies of their business links to Russia, a process likely to have major short- and long-term implications for energy markets.
As Russian missiles rained down on Ukrainian cities, another battle took place online and over the airwaves.
Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports.
Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports.
Oil prices jumped on Monday on escalating sanctions against Russia over its invasion of Ukraine, which in turn led President Vladimir Putin to put his country's nuclear deterrent on high alert.
Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports.
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