Russia Financial News

As Giorgia Meloni is set to become Italy’s first female prime minister, some activists in the country are concerned about what that could mean for abortion rights.

On 26 September, the United Kingdom announced a new package of sanctions against Russia. This round contains 92 sanctions, in response to referendums held by Russia in Ukraine following its controversial invasion. A number of these sanctions are meant to hurt executives from state-backed financial institutions. 

 

According to an early count, up to 98% of voters have said yes to joining Russia in the four Moscow-occupied areas of Ukraine, Russian state-owned media outlets reported on Tuesday.

Located just outside the ancient Aurelian Walls that surround the ancient part of central Rome, the neighbourhood of Pigneto is widely considered the most progressive part of the Italian capital.

Danish and Swedish authorities have issued navigation warnings after two gas leaks were identified on the Nord Stream 1 pipeline, which the Kremlin shut down earlier this month for an indefinite period of time in retaliation for Western sanctions.

Russia could declare the annexation of 15 per cent of Ukraine on Friday as Moscow-backed "referendums" end, according to British officials. 

In the aftermath of its aggression against Ukraine, Russia is intensifying plans to use its central bank digital currency (CBDC), the digital ruble, in the country’s trade with China. The development could encourage other nations across the world to use CBDCs in mutual settlements with foreign partners, accelerating global crypto adoption.

Russia is in the pilot phase of its central bank digital currency development (CBDC), and new reports indicate that the country could use its national digital currency to settle international trade.

Russia's military mobilisation decree has been "violated" with some men called up in error, the Kremlin has admitted. 

To curb the inflationary pressure, central banks are raising interest rates, affecting the returns on many asset classes globally. Several assets are undergoing market volatility, including the S&P 500 Index, which recently fell into bear territory as it dropped by over 20% from its recent high. Bonds have suffered, too, and with the looming signs of global recession, crypto markets have also witnessed a downfall. Investors are worried across all asset classes as ROIs have significantly dropped, but the impact is higher on crypto due to the volatile nature of the market. Investors’ confidence has taken a back seat as Bitcoin’s price has plummeted substantially since the beginning of the year, and investors are worried about their future returns. However, it should be noted that such high volatility is not foreign to this asset class, as similar cycles of bull and bear in the market have been witnessed historically. Still, crypto has eventually emerged to outperform any other asset class.

Fears have been expressed that the market turmoil in response to the new British government's financial plan could further weaken Europe's economy.

The crypto market's downward spiral has made investors despondent. But hope is not lost if certain key factors play out.

Russian President Vladimir Putin reportedly granted citizenship to United States National Security Agency whistleblower Edward Snowden, who had been residing in the country since 2013.

The right-wing coalition led by the far-right party Brothers of Italy seems set to win Italy’s snap general elections, with leader Giorgia Meloni widely expected to form the new government and become the country's first female prime minister.

Russia’s invasion of Ukraine will cost the global economy $2.8 trillion in lost output by the end of next year—and even more if a severe winter leads to energy rationing in Europe—the Organization for Economic Cooperation and Development said Monday.

Yevgeny Prigozhin, a Russian oligarch and a close ally of Vladimir Putin, admitted on Monday that he was behind the Wagner paramilitary group.

At least 13 people have died and 21 others have been injured after a shooting at a school in Russia.

At least nine people have died and several others are injured after a shooting at a school in Russia.

Here are the key takeaways from Italy's snap general election that pitted the parties of Giorgia Meloni, Matteo Salvini and Silvio Berlusconi against a left-wing bloc dominated by the Democratic Party and the Five Star Movement.

Post-tropical storm Fiona battered eastern Canada with hurricane-strength winds, torrential rains and huge waves which swept away houses and left hundreds of thousands without power.