Friday

29th Mar 2024

Ticker

UK sanctions second-richest Russian businessman

Britain on Wednesday announced sanctions against oligarch Vladimir Potanin, described by London as Russia's second-richest man and who has been buying assets from firms exiting Russia over the invasion of Ukraine, Reuters reported. Potanin was included in the latest wave of sanctions by the UK. Potanin's net worth depends on the value of his 36-percent stake in Nornickel, the world's largest producer of palladium and refined nickel.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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