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Russia to let banks cut back reporting results amid sanctions, reports AFP
- Russia’s central bank announced Sunday it was allowing lenders in the country to reduce the frequency of their financial disclosures, a measure it said was necessary to mitigate sanctions fallout. Moscow has been hit with a damaging package of financial and cultural penalties by Western countries in the wake of Russia’s military incursion into Ukraine. The central bank in recent days has taken unprecedented measures, including capital controls, to shore up the struggling economy and the ruble.
Japan may take more action vs Russia, could impact energy sector, says lawmaker
- Japan may take more action in response to Russia’s invasion of Ukraine which could significantly impact Japan’s energy sector, a senior ruling-party lawmaker said on Sunday, while expressing caution toward a complete end to Russia oil and gas usage. Sanctions against Moscow – such as freezing assets, banning exports of high-tech goods and excluding some Russian banks from the SWIFT international…
