sanctions Archives - Page 6 of 11

ECB unconvinced by RCB transformation

Clearly, the transformation of RCB into an asset management company was warranted by sanctions against Russia and Russian interests following Putin’s invasion of Ukraine. Initially, the bank tried to evade these sanctions

26th March 2022

Columnists/Cyprus

Markets stabilise on US-EU LNG deal

By Craig Erlam European stock markets are making modest gains at the end of the week, but broadly remain in consolidation, as has been the case throughout. We appear to have reached

25th March 2022

Markets/World

Tourism off to a good start, war and sanctions aside

The island’s battered tourism industry is trying to recover from the coronavirus, as well as the impact from the war in Ukraine and sanctions on Russia, as it gets off to a

24th March 2022

Cyprus/Economy

RCB starts winding down

RCB Bank has embarked on an “orderly winding down” of its Cyprus banking operations, following the announcement a month ago of the transfer of shares held by Russian entities to local stakeholders,

24th March 2022

Companies/Cyprus

Hawkish Powell roils markets, oil rallies

By Lukman Otunuga, Senior Research Analyst at FXTM Asian stocks traded higher Tuesday morning, while European shares rose after Fed Chair Jerome Powell struck a more hawkish tone on monetary policy. In

22nd March 2022

Markets/World

RCB sells loan portfolio to HB for €556 mln

RCB Bank has sold a good part of its loanbook, described as a “performing loan portfolio” which is well collateralised and comprises of mainly corporate loans, to Hellenic Bank for €556 mln,

22nd March 2022

Cyprus/Europe

Oil surges as equities steady

By Craig Erlam It’s been a flat start to the week in equity markets, with Europe posting marginal losses or gains. There’s been so much to absorb in recent weeks and while

21st March 2022

Markets/World

February growth rate ‘positive’, but decelerating, prior to Ukraine

A leading indicator that serves as an early warning signal for changes in Cyprus economic activity, saw a year-on-year growth in February, prior to the full scale of the current crisis with

18th March 2022

Cyprus/Economy

Oil surges on Russia tensions, Brent above $100

Oil prices soared Thursday on tensions surrounding key producer Russia, as equities diverged with traders also tracking interest rate decisions and China’s pledge to support volatile markets. The price of benchmark oil

17th March 2022

Energy/Markets/World

Zelensky invokes 9/11, Putin says invasion “on course”

By Danny Kemp and Emmanuel Duparcq Ukraine’s leader on Wednesday issued an emotive appeal to US lawmakers for greater Western intervention against Russia, which insisted its invasion was going “successfully” despite the

16th March 2022

World