Ukraine Financial News

Pressure continues to build on international law firms to exit Moscow and cut ties with Russian clients following Vladimir Putin’s invasion of Ukraine.

Ukraine’s crypto-crowdfunding push began on 26 February 2022 after the government’s official Twitter account announced crypto-donations. Since then, it has received well over $88 million in donations alone.

The European Union has a “moral duty” to make Ukraine a member state and should consider using military force to counter Russian aggression, according to Kaja Kallas, the prime minister of Estonia.

Soaring commodity prices, sweeping financial sanctions and the potential for a ban on energy imports from Russia after it invaded Ukraine are threatening to hobble a global economy still weakened by the Covid-19 pandemic. They are also complicating the task of central banks that had been preparing to phase out easy money.

A Yale professor and his research team are keeping tabs on companies that are still operating in Russia in the wake of its invasion of neighbouring Ukraine — and the list includes many household names.

Ukraine's deputy minister of digital transformation Alex Bornyakov has noted crypto's efficiency, stating that blockchain clearing and settlements are conducted in near real-time, which enabled the country to deliver a "very quick" response.

Italy's former hardline interior minister Matteo Salvini has been called out for his previous support of Russian President Vladimir Putin.

Bitcoin (BTC) hit $42,000 on March 9 as an impressive overnight candle saw bulls reclaim support levels.

The London Metal Exchange suspended nickel trading amid a flurry of demand that sent the metal soaring to $100,000 per tonne.

Nasir Aminu, Senior Lecturer in Economics and Finance, Cardiff Metropolitan University. ____

Founded by Monneo, the initiative has so far rounded up 17 members including Railsbank, Coinbase, ComplyAdvantage, and payabl.Lili Metodieva, managing director of Monneo comments: “We hope to encourage our colleagues and peers to stand together and raise as much money as we possibly can to directly help the people in Ukraine in desperate need of vital supplies. “We, like so many of our fintech colleagues and peers, have members of our team living and working in Ukraine right now, which makes the matter even more personal.“We’re urging businesses in the fintech sector to come together and make a real difference, whether that be through donations, or by helping to promote this message online.”As organisers, Monneo guarantees that no fees will be charged to donated funds.

French bank BNP Paribas has postponed an update on its strategy for investors because of the conflict in Ukraine.

Cryptocurrency prices have climbed somewhat after investors appeared to view Bitcoin as a safe haven for their money. In fact, even the Russians and Ukrainians have been seeking alternatives to their country’s financial institutions.

Rising energy prices in the run-up to Russia’s invasion of Ukraine added to Chinese inflation in February, an early sign of the pressures building in the global economy as the war sends commodity prices soaring.

Former UK attorney general Lord Peter Goldsmith’s law firm, Debevoise & Plimpton, axed a number of Russian clients, but stopped short of criticising Vladimir Putin's government for its attack on Ukraine in its first statement since the invasion began on 24 February.

McDonald’s said it is temporarily closing all of its 850 restaurants in Russia in response to the country's invasion of Ukraine.

CoinZoom To Block New Accounts Within Russia, Says CEO to Reuters

The Pentagon has rejected an offer from Poland to give its MiG-29 fighter jets to the US so they can be passed to Ukraine, saying it raises serious concerns for the NATO alliance.

cryptocurrency this week that will mark the first step toward regulating how digital currency is traded. The move comes as administration officials have raised concerns in recent weeks about Russia's use of cryptocurrency to evade the impact of crushing sanctions in response to its invasion of Ukraine. The sanctions have sent the ruble to historic lows and have closed the country's stock market. Two people familiar with the process said the executive order on cryptocurrency was expected to be issued this week and it had been in the works long before the war. Both people spoke on condition of anonymity to preview the order.

crypto market, sparked by a war between Russia and Ukraine, Waves crypto has managed to defy the market mood to deliver solid returns to investors. Waves has zoomed 33 per cent in the last 24 hours to $24.3, the data from Coinmarketcap suggests. The volumes on the token jumped more than 155 per cent as tokens worth over $2.03 billion exchanged hands in the last 24 hours. In the last one month alone, the crypto token has surged as much as 140 per cent. The latest spike in Waves is attributed to the announcement of its migration to Waves 2.0, which was made in February 2022. Under Waves 2.0, there will be a new generic governance model.

BEIJING — Since taking office last year, President Joe Biden has pursued a strategy of restoring relationships with allies to put pressure on Beijing.