Financial News

Russia could be about to default on its foreign currency debts for the first time in decades, likely beginning a drawn out wrangling process.

Russia’s 40-year effort to create a Western-style market economy is one more casualty of Putin’s invasion of Ukraine.

Russia has warned the West against sending further weapons to Ukraine, saying such arms convoys could now be considered “legitimate targets” for Russian forces.

Buffett spent more than $1.5 billion this week to add another 27.1 million shares to Berkshire Hathaway’s stake.

Biden called on Congress to revoke Russia’s “most favored nation” status. He also banned imports of Russian vodka and seafood and exports of U.S. luxury goods.

Ukraine Foreign Minister Dmytro Kuleba hit back at claims made Thursday by Russia’s foreign minister, Sergey Lavrov, saying the leadership in Moscow “live in their own reality.”

U.S. President Joe Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies.

McDonald’s said will temporarily close 850 locations in Russia after the company took heat for staying silent on the war in Ukraine.

Nearly all of the 190,000 Russian troops that were amassed on Ukraine’s border are now fighting inside the country, a senior Pentagon official said Monday.

Tough sanctions mean that Russian ships can’t dock at British ports, but a loophole means goods can still be transported via foreign ships.