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Economy

Everyone talks about investing in Ukraine, but few are doing it

Everyone talks about investing in Ukraine, but few are doing it

by Dominic Culverwell

Despite its economy steadily improving from the first months of the full-scale invasion, very little foreign capital is currently trickling down to Ukraine’s private and public sectors. Money from international financial institutions has helped stabilize the economy, bolstering forecasts of 3.2% gross domestic product (GDP) growth this year,

Russian banks post record profits. Is war helping them?

Russian banks post record profits. Is war helping them?

by Katie Marie Davies

2022 heralded a new era for Russia’s banks. Increasingly isolated from the global economy and laden with heavy Western sanctions, the sector saw profits fall by 90 percent compared to 2021. For Russia’s technocrats, the future seemed dim. Then came 2023. Russia’s Central Bank announced last week

Timothy Ash: What Kazakhstan's protests mean for the global economy

Timothy Ash: What Kazakhstan's protests mean for the global economy

by Timothy Ash

Editor’s Note: The following are the analytical notes that Timothy Ash, senior strategist at Bluebay Asset Management, distributes to his subscribers. The Kyiv Independent is reposting it with permission. It seems that “order” will be restored in Kazakhstan, but only with the help of Russian/CSTO (Collective Security Treaty

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11:34 PM

Bloomberg: Seizure of frozen Russian assets legal, experts say.

A letter signed by international legal experts argues that the seizure of frozen Russian central bank assets to aid Ukraine would be lawful given Russia's "ongoing breach of the most fundamental rules of international law," Bloomberg reported on Feb. 21.
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9:04 PM

Reuters: EU to remove Yandex co-founder from Russian sanctions list.

EU countries agreed to remove Arkady Volozh, co-founder of Russia's most popular search engine Yandex, from the list of sanctions against entities and individuals associated with Russia's war against Ukraine, Reuters reported on Feb. 21, citing three unnamed sources familiar with the discussions.
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