• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Time of Pakistan
No Result
View All Result
Home Featured

U.S. Sanctions on Russia Begin to Bite

ToP by ToP
March 27, 2014
in Featured, U.S & Canada
0
President Vladimir Putin'
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

President Vladimir Putin'Russian markets took another knock Friday as sanctions imposed by the U.S. over the annexation of Crimea began to hit oligarchs and their businesses.

Moscow’s MICEX index fell more than 2% — taking its losses for the year to 14%. The ruble was steady, after dipping early in the day, but has still lost about 10% since the start of the year. The U.S. added more senior Russian officials and a bank to its list of targets Thursday, including Yuri Kovalchuk, described by U.S. officials as President Vladimir Putin’s personal financier. And President Obama warned Moscow the U.S. would target key sectors of the economy if Russia escalates the crisis in Ukraine.

Russian leaders earlier this week laughed off Western sanctions, which remain largely focused on disrupting the travel plans and freezing the personal assets of about 40 officials, some from Ukraine. But the targeting of powerful figures close to Putin, and a company — Bank Rossiya — shows that the U.S. at least is ready to take more serious measures.

Europe will add a dozen more names to its list of sanction targets Friday, a source told CNN, but won’t include companies, reflecting divisions among the European Union’s 28 members and fears about the impact of a trade war on the region’s fragile economic recovery.Europe has much more to lose than the U.S. in terms of trade, investment and financial exposure to Russia if economic sanctions are imposed. Still, Russia would come off worst, and its faltering $2 trillion economy could stall this year, analysts say.

Standard & Poor’s said Thursday it could downgrade Russia’s sovereign credit rating, and Fitch did the same Friday, warning growth could fall way below 1% this year as a consequence of the crisis. “Since US and EU banks and investors may well be reluctant to lend to Russia under the current circumstances, the economy may slow further and the private sector may require official support,” it said.-CNN

Tags: latest fashion newsnational news headlines
Previous Post

Pakistan look to Tame India in high-octane Clash

Next Post

Homemade Facial Masks is Perfect for Oily Skin

ToP

ToP

Related Posts

Biden defends Afghanistan decision, blames Afghan Army for ‘giving up’
U.S & Canada

Biden defends Afghanistan decision, blames Afghan Army for ‘giving up’

by Jameel Ahmad
August 17, 2021
US wants Afghanistan’s Neighbours to not Recognise Imposed Govt in Kabul
U.S & Canada

US wants Afghanistan’s Neighbours to not Recognise Imposed Govt in Kabul

by Jameel Ahmad
August 11, 2021
US says shared interests with Pakistan go beyond Afghanistan
U.S & Canada

US says shared interests with Pakistan go beyond Afghanistan

by Jameel Ahmad
July 8, 2021
Biden presses Pakistan as he announces Afghan exit
U.S & Canada

US President Biden announces ‘no strings attached’ global Vaccine Donation

by Jameel Ahmad
June 30, 2021
Pakistan’s key role in Afghanistan echoes in US Congress
U.S & Canada

Pakistan’s key role in Afghanistan echoes in US Congress

by Jameel Ahmad
July 6, 2021
Entertainment

Hareem Shah reveals why Sheikh Rasheed never married

by Jameel Ahmad
April 12, 2021
Qureshi Urges US not to Ignore Ground Realities in held Kashmir
U.S & Canada

Qureshi Urges US not to Ignore Ground Realities in held Kashmir

by Jameel Ahmad
February 12, 2021
Next Post
facial mask cucumbers

Homemade Facial Masks is Perfect for Oily Skin

Popular Stories

  • Ron Williams Bodybuilding Champion

    Bodybuilding Champion Found Happiness in God, not Competition

    0 shares
    Share 0 Tweet 0
  • Quaid’s Daughter Dina Wadia: Important Historical Figure

    0 shares
    Share 0 Tweet 0
  • 12-year-old British Pakistani boy makes £290,000 during summer holidays

    6800 shares
    Share 0 Tweet 0
Time of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • 11th J.A. Zaman Memorial Open – Powered by Gem Golfers
  • Imran Khan and Bushra Bibi Sentenced to Jail in £190 Million Case
  • World’s Largest Submarine Cable Arrives in Pakistan: Could This End Internet Woes?

Times Of Pakistan © 2024. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In