TikTok and Netflix are suspending their services in the country. Facebook has been blocked. Twitter has been partially blocked and YouTube’s future is in doubt. Even as President Vladimir Putin tightened his grip on Russian society over the past 22 years, small pockets of independent information and political expression remained […]
Business
Oil has surged on worries global supplies will be disrupted because Russia is one of the world’s largest energy producers. Stocks yo-yoed, oil prices climbed and the price of nickel surged so much that trading for it was shut on Tuesday, as the US banned imports of oil from Russia […]
MUMBAI: India’s National Stock Exchange (NSE) said on Monday two key indexes were now operating normally after they earlier stopped updating “intermittently” – a glitch that came amid sharp drops in Indian shares. The country’s biggest bourse had flagged problems with the blue-chip NSE Nifty 50 index and Nifty’s bank […]
BEIJING/SHANGHAI : China’s foreign exchange regulator surveyed banks last week, asking about their business ties with Russia and risk management processes in a bid to gauge spillover effects on China from the West’s tough sanctions against Moscow, seven banking and policy sources told Reuters. The State Administration of Foreign Exchange […]
ANKARA, TURKEY – MAY 11: In this illustration photo logo of TikTok is displayed on a smartphone and a pc screen in Ankara, Turkey on May 11, 2021. “In light of Russia’s new ‘fake news’ law, we have no choice but to suspend livestreaming and new content to our […]
WASHINGTON: Russia’s blocking of Facebook is a symptom of its broader effort to cut itself off from sources of information that could imperil its internationally condemned invasion of Ukraine, experts say. The often-criticised social network is part of a web of information sources that can challenge the Kremlin’s preferred perspective […]
LONDON : Britain’s culture minister said she had asked social media company Tik Tok and Facebook’s parent company Meta Platforms if they could prevent access to Russian state-owned television network RT in Britain. Meta said on Monday it would restrict access to Russian media outlets RT and Sputnik on its […]
MOSCOW : Cryptocurrency exchange Binance on Thursday said cardholders of sanctioned Russian banks would not be able to use them on their platform and confirmed that sanctioned individuals have had their access restricted. Some of the world’s biggest cryptocurrency exchanges are staying put in Russia, breaking ranks with mainstream finance […]
MUMBAI : Palm oil has become the costliest among the four major edible oils for the first time as buyers rush to secure replacements for sunflower oil shipments from the top exporting Black Sea region that were disrupted by Russia’s invasion of Ukraine. Palm oil’s record premium over rival oils […]
Cryptocurrency exchanges are still trying to figure out how to deal with western sanctions against Russia after its invasion of Ukraine. US measures that were announced last Thursday (Feb 24) aim to limit Russia’s ability to do business in dollars and some other international currencies. They include penalties on the […]