banking
The U.S. State and Treasury departments issued what they called a "sweeping" set of sanctions against Russia and its financial backers on June 12, in the latest move to try and degrade Moscow's wartime economy. Western countries have imposed extensive economic restrictions against Moscow over its full-scale invasion of Ukraine, seeking to curb its state revenue and prevent it from obtaining key technologies needed for the war effort. More than two years into its war, it is unclear if the measures have had their desired effect. Russia has increasingly mobilized its economy to support its war, a...
Kyiv Independent
The U.S. State and Treasury departments issued what they called a "sweeping" set of sanctions against Russia and its financial backers on June 12, in the latest move to try and degrade Moscow's wartime economy. Western countries have imposed extensive economic restrictions against Moscow over its full-scale invasion of Ukraine, seeking to curb its state revenue and prevent it from obtaining key technologies needed for the war effort. More than two years into its war, it is unclear if the measures have had their desired effect. Russia has increasingly mobilized its economy to support its war, a...
Kyiv Independent (CA)
The U.S. State and Treasury departments issued what they called a "sweeping" set of sanctions against Russia and its financial backers on June 12, in the latest move to try and degrade Moscow's wartime economy. Western countries have imposed extensive economic restrictions against Moscow over its full-scale invasion of Ukraine, seeking to curb its state revenue and prevent it from obtaining key technologies needed for the war effort. More than two years into its war, it is unclear if the measures have had their desired effect. Russia has increasingly mobilized its economy to support its war, a...
Kyiv Independent (UK)
Just days after European elections, EU officials are planning to shave some of the banking-sector protections designed to prevent a return of the 2008 financial crisis, a source briefed on the issue told Euronews. In 2017, an international standard-setters organisation issued a reform designed to hike the capital European banks need to issue against risk. The worry was that many lenders were undercounting risk by using their own, tailored internal models – leaving them dangerously exposed, and risking a further wave of taxpayer bailouts, should the economy turn sour. After much haggling, Bruss...
Euronews (English)
Ukraine’s banks are flush with cash. An influx of foreign aid, high interest rates on government bonds, pay rises for soldiers, and central bank policies after the start of the full-scale invasion boosted the sector's profits to 40.5 billion hryvnia ($1 billion) in the first three months of 2024, 19% higher than the same period last year. The banking sector has turned its fortunes around after hemorrhaging money in the first few months of Russia’s full-scale invasion. Back then, economic activity ground to a halt, international allies hesitated over foreign aid, and Russian troops occupied vas...
Kyiv Independent (CA)
Ukraine’s banks are flush with cash. An influx of foreign aid, high interest rates on government bonds, pay rises for soldiers, and central bank policies after the start of the full-scale invasion boosted the sector's profits to 40.5 billion hryvnia ($1 billion) in the first three months of 2024, 19% higher than the same period last year. The banking sector has turned its fortunes around after hemorrhaging money in the first few months of Russia’s full-scale invasion. Back then, economic activity ground to a halt, international allies hesitated over foreign aid, and Russian troops occupied vas...
Kyiv Independent (UK)
Ukraine’s banks are flush with cash. An influx of foreign aid, high interest rates on government bonds, pay rises for soldiers, and central bank policies after the start of the full-scale invasion boosted the sector's profits to 40.5 billion hryvnia ($1 billion) in the first three months of 2024, 19% higher than the same period last year. The banking sector has turned its fortunes around after hemorrhaging money in the first few months of Russia’s full-scale invasion. Back then, economic activity ground to a halt, international allies hesitated over foreign aid, and Russian troops occupied vas...
Kyiv Independent
Laurent Dupuch has weathered not one but two storms over the past few years as CEO and country manager of one of Ukraine’s largest banks Ukrsibbank. He arrived in Ukraine after almost seven years as CEO of the bank’s Morocco operations at the beginning of March 2020, right at the start of the Covid-19 pandemic. He stayed in Ukraine after the full-scale invasion began in 2022. According to Dupuch, it was the experience managing the bank during the pandemic that helped him to keep serving Ukrsibbank’s 2 million customers during Russia’s war. Ukrsibbank, a subsidiary of the French BNP Paribas ban...
Kyiv Independent (CA)
Laurent Dupuch has weathered not one but two storms over the past few years as CEO and country manager of one of Ukraine’s largest banks Ukrsibbank. He arrived in Ukraine after almost seven years as CEO of the bank’s Morocco operations at the beginning of March 2020, right at the start of the Covid-19 pandemic. He stayed in Ukraine after the full-scale invasion began in 2022. According to Dupuch, it was the experience managing the bank during the pandemic that helped him to keep serving Ukrsibbank’s 2 million customers during Russia’s war. Ukrsibbank, a subsidiary of the French BNP Paribas ban...
Kyiv Independent (UK)
Laurent Dupuch has weathered not one but two storms over the past few years as CEO and country manager of one of Ukraine’s largest banks Ukrsibbank. He arrived in Ukraine after almost seven years as CEO of the bank’s Morocco operations at the beginning of March 2020, right at the start of the Covid-19 pandemic. He stayed in Ukraine after the full-scale invasion began in 2022. According to Dupuch, it was the experience managing the bank during the pandemic that helped him to keep serving Ukrsibbank’s 2 million customers during Russia’s war. Ukrsibbank, a subsidiary of the French BNP Paribas ban...
Kyiv Independent
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