No, Biden can’t just sell off seized Russian yachts and central bank assets to help aid Ukraine – international law and the US Constitution forbid it

The Biden administration wants to sell off the yachts, homes and other luxury assets it has seized from Russian oligarchs and use those proceeds to support repairs for Ukraine. As part of his proposal for the latest aid package to Ukraine, President Joe Biden is asking lawmakers for the authority to formally confiscate the assets … Read more

Will Russia Actually Trade Oil For Bitcoin?

On Thursday, March 24, Pavel Zavalny, chairman of Russia’s State Duma Committee for Energy, announced payment terms for countries looking to purchase oil and gas from Russia. It is an extension of the Russian government’s earlier statement to “unfriendly countries,” (directed toward most European Union member states) saying that they should pay for their energy … Read more

Lloyd’s of London set for £8bn dogfight over planes ‘stolen’ by Putin

Lloyd’s of London is preparing for a dogfight with the owners of hundreds of planes seized by Vladimir Putin’s regime. The 336-year-old insurance market has reportedly hired law firm Clyde & Co to see if it can ‘dismiss’ claims against planes worth up to $10 billion (8 billion pounds). The Kremlin moves 500 commercial aircraft … Read more

Are you still doing business in Russia? Good luck renewing your insurance.

The port of Vladivostok, Russia, March 5. Photo: Yuri Smityuk/TASS/Zuma Press More … than 750 western companies have left Russia since it invaded Ukraine. Some had no choice because their areas fall under Western sanctions. Others left voluntarily and were hailed for standing up for democracy. Their departure may have another, less noble reason: Russia … Read more

Are you still doing business in Russia? Good luck renewing your insurance.

The port of Vladivostok, Russia, March 5. Photo: Yuri Smityuk/TASS/Zuma Press More … than 750 western companies have left Russia since it invaded Ukraine. Some had no choice because their areas fall under Western sanctions. Others left voluntarily and were hailed for standing up for democracy. Their departure may have another, less noble reason: Russia … Read more

Are you still doing business in Russia? Good luck renewing your insurance.

The port of Vladivostok, Russia, March 5. Photo: Yuri Smityuk/TASS/Zuma Press More … than 750 western companies have left Russia since it invaded Ukraine. Some had no choice because their areas fall under Western sanctions. Others left voluntarily and were hailed for standing up for democracy. Their departure may have another, less noble reason: Russia … Read more

Are you still doing business in Russia? Good luck renewing your insurance.

The port of Vladivostok, Russia, March 5. Photo: Yuri Smityuk/TASS/Zuma Press More … than 750 western companies have left Russia since it invaded Ukraine. Some had no choice because their areas fall under Western sanctions. Others left voluntarily and were hailed for standing up for democracy. Their departure may have another, less noble reason: Russia … Read more

Microsoft, Boeing, Alphabet, Robinhood and more

A worker inspects a Boeing 737 MAX airliner at Renton Airport adjacent to the Boeing Renton factory in Renton, Wash., November 10, 2020. Jason Redmond | AFP | Getty Images Find out which companies are making the headlines early in the morning. Enphase Energy — Shares of the solar microinverter maker jumped more than 8% … Read more

Deutsche Bank Q1 2022 results

German Bank announced its seventh consecutive quarterly profit on Wednesday, but warned that the current environment is “challenging” and that “cost pressures have intensified.” The German lender said net profit reached 1.06 billion euros ($1.13 billion) in the first quarter of the year. Analysts had forecast a figure of 1.01 billion euros for the three-month … Read more

Deutsche Bank Q1 2022 results

German Bank announced its seventh consecutive quarterly profit on Wednesday, but warned that the current environment is “challenging” and that “cost pressures have intensified.” The German lender said net profit reached 1.06 billion euros ($1.13 billion) in the first quarter of the year. Analysts had forecast a figure of 1.01 billion euros for the three-month … Read more