FirstFT: US to announce sanctions, including ban on new Russian investments

FirstFT: US to announce sanctions, including ban on new Russian investments

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America is ready announcing a ban The scrutiny of new Russian investments comes amid increased sanctions on Russian financial institutions, state-owned companies and government officials, the people said.

“These measures will weaken a key tool of Russian state power, cause serious and immediate economic harm to Russia, and hold to account the Russian kleptocratic regime that financed and supported Putin’s war,” one of the people said, adding that sanctions will be imposed. Announced on Wednesday, in coordination with the G7 and the European Union.

Calls for additional sanctions against Moscow have grown in recent days as evidence of Ukrainian war crimes has mounted, including a massacre of civilians in Bukha, a suburb of Kyiv. The European Union moved this week to ban Russian coal and other measures to reduce its reliance on energy imports from Russia.

The U.S. has already banned new investment in Russia’s energy sector, but measures taken Wednesday are expected to impose a ban across the Russian economy.

Latest news on Ukraine war:

  • A: Ukraine’s President Volodymyr Zelensky told the UN Security Council on Tuesday that Russia must “brought to justice“Atrocity.

  • economy: Moscow is a step closer to default After Washington blocked it from paying its debt in U.S. dollars through U.S. banks.

  • Sanctions: Italy and Spain lead the new round European deportation Diplomats in Moscow while Brussels is preparing Import ban on Russian coal.

  • False information: Russian state media is bombing citizens Alternate version with the truth and deny the allegations of war crimes against Ukraine.

  • Military briefing: NATO’s “Eye in the Sky” watch As the war raged, the Czech Republic send tank Strengthen the Ukrainian army.

Are you Ukrainian? Has the life of your friends and family in or from Ukraine been turned upside down? Or maybe you’re doing something to help these people, like fundraising or putting people in your own home. We would love to hear from you.by telling us a brief survey.

Thank you for reading FirstFT Europe/Africa.Here’s the rest of the news today – Gary

1. Uber adds planes and trains to ‘super app’ push The ride-hailing app aims to add long-distance bookings, including intercity trains, coaches and flights to its UK app this year, as it restarts chief executive Dara Khosrowshahi’s long-delayed plan to become wider tourism hub.

2. Chinese medicine tycoons have surged The value of the founding family’s equity in one of the largest traditional medicine companies in China has been to $4.5 billion Pro-Beijing lawmakers promoted the treatment during Hong Kong’s worst-ever Covid-19 outbreak.

3. Volkswagen scrapped dozens of models ‘People’s Car’ pioneer to retire and prioritize dozens of petrol and diesel models by end of century More profitable premium vehicles Like its Audi and Porsche models.

4. Expats fleeing Hong Kong attract resentment and Singapore is the obvious choice For Hong Kong’s white-collar residents weary from travel restrictions, homeschooling and prolonged isolation, the city-state’s reputation for openness is being undermined by locals who want to limit immigration.

5. Dubai attracts crypto firms with tailored regulations The Gulf state is the latest jurisdiction to seek to become a safe haven for the global crypto industry, with companies flocking to Set up shop in Dubai After it started offering virtual asset licenses.

the day ahead

Axiom launch Axiom (or Ax-1), the first all-private astronaut rocket mission to the International Space Station, is due to launch From NASA’s Kennedy Space Center in Florida.

NATO foreign minister meet officials Gather in Brussels The North Atlantic Council is the main decision-making body of the transatlantic alliance and is chaired by Secretary-General Jens Stoltenberg.

UBS Annual General Meeting Last month, the Swiss bank said Direct exposure to Russia $634 million by the end of 2021, with $10 million of that outstanding in loans to customers sanctioned by the West over Moscow’s invasion of Ukraine.

Economic data European Central Bank released Quarterly Financial Statements, Germany released February factory orders and consumer goods statistics, Russia released consumer price index data, Sweden released February GDP data. The IHS/Markit Productivity, Services and Construction PMIs for Asia, China, EU, France, Germany and the UK are also out. The minutes of the Fed’s March policy meeting will be released.

what are we still reading

Right-wing immigrant ‘obsessed’ obscures reality of modern France Despite heated rhetoric about immigration and alleged threats to French identity, Statistics Rebuttal The negative picture painted by far-right politicians such as Marine Le Pen, but a lack of inclusivity remains a problem.

weaponization of finance Part 1 of a two-part series on a new era of financial warfare examines how the West Unleash “shock and awe” On the Russian economy, and how sanctions on the country’s central bank use the ubiquitous dollar to punish Washington’s adversaries.

Carbon removal ‘inevitable’ as climate change alarm bells ring “inevitable” need remove carbon dioxide The latest UN climate change report spells out how technologies ranging from the atmosphere to limiting global warming, despite their flaws, are driving the development of expensive technologies.

Australia should be held accountable for Solomon Islands turn to China Disappointment by Australia, New Zealand, the US and Japan over a planned security deal overshadows their long-standing problems in the Pacific, Katherine Hill wrote — and showed that despite fears of losing influence, the West is struggling to do anything about it.

Can David Solomon be a DJ?survey The CEO’s public image can have a noticeable impact on corporate culture and stock price performance. The Goldman Sachs CEO’s ascension from weekend mix-show host to holiday headliner risks being deemed too eccentric. Therefore, Alphaville is requesting on behalf of stakeholders: How is Solomon??

food

It’s hard to find something unprecedented in the London dining scene.But chef Daisuke Hayashi at Roketsu in Mayfair claims to be – the capital’s The first authentic Japanese Kaiseki restaurant. It is considered the highest form of Japanese cuisine.

Cornish sea bass, cuttlefish and langoustine sashimi with chargrilled langoustine heads and claws

work it Discover what’s shaking up the world of work with Working It, the latest newsletter from work and career editor Isabel Berwick.

interrupted times — Important FT newsletter on business and economic changes between Covid and conflict.register here

Thanks for reading and remember that you can Add FirstFT to my FT. You can also choose to receive FirstFT push notifications on the app every morning.Send your suggestions and feedback to [email protected]. register here

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