Economy - Latest news

01 July 2022

30 June 2022


Lithuania to proceed with Kaliningrad transit sanctions as planned

Lithuania’s Prime Minister Ingrida Šimonytė said that the country will continue to implement the terms of the fourth package of EU sanctions against Russia and stop the transit of other goods to Kaliningrad Oblast from July 10, when the restrictions are set to come into effect.

29 June 2022


Canada to provide $150M loan to Ukraine

Canada will provide a CAD200 million (nearly USD150 million) loan to Ukraine through the International Monetary Fund to help meet its urgent liquidity needs.

28 June 2022


United States bans Russian gold imports

The U.S. Department of the Treasury jointly with the U.S. Department of State and other government agencies, announced sanctions against individuals and entities in the Russian Federation, as well as a ban on Russian gold imports.


G7 pledges to help Ukrainian farmers

The Group of Seven has promised to support the agricultural sector of Ukraine and seek to restore Ukrainian agricultural exports by maritime routes.

27 June 2022


Russia defaults on foreign debt - Bloomberg

The Russian Federation for the first time defaults on foreign debt, which has become a climax of ever-tougher Western sanctions, which have shut payments paths to creditors.

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