Biden condemns Russia's 'outrageous' Christmas attack on Ukraine
President Biden on Wednesday condemned Russia's recent attack on Ukraine, declaring the wave of missile and drone strikes “outrageous.” “The goal of this egregious attack was to cut off access to winter heat and electricity for the Ukrainian people and to jeopardize the security of our power grid,” Biden said in a statement. “Let me […]
Russia's ruble is still worth less than a penny, and the Kremlin's piggy bank for propping it up is running low – Fortune
The ruble has bounced back from its lows earlier in the week after the central bank halted all foreign currency purchases for the rest of the year, but remains in tatters and with dwindling resources to prevent further collapse. On Friday, the central bank set the official rate at about $108 to the dollar. That's […]
'Coerced' JPMorgan Chase seeks to end NY lawsuit against Russia's VTB Bank By Reuters – Investing.com
Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co. (NYSE:) on Friday asked a U.S. federal court in Manhattan to dismiss a lawsuit against Russia’s VTB Bank over $439.5 million in accounts frozen after Russia’s invasion of Ukraine, saying VTB bank had “forced” it to drop the case. The largest U.S. bank sued VTB […]