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Italy has confiscated luxury yachts and homes worth $156 million from Russian oligarchs, adding to mounting pressure on Russian President Vladimir Putin to end his ruthless invasion of Ukraine.
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In retaliation for Russia's invasion of Ukraine, the United States, the European Union, and other Western economies have put harsh sanctions on Russia's central bank. The sanctions have effectively cut off important Russian banks from the SWIFT payment system, thereby locking Russia out of the western financial system and putting its enormous oil export business in jeopardy.
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Erdogan's great splash will be paid for by the Turkish people. Inflation will rise even higher as more Lira is pushed into the market.
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The dollar dropped to a three-month low on Wednesday as speculation increased that the Federal Reserve will announce later in the session it intends to keep the recent rise in bond yields in check. Concern about possible measures or even a simple statement of intent by the Fed to hold down the yields of US …
Italy has confiscated luxury yachts and homes worth $156 million from Russian oligarchs, adding to mounting pressure on Russian President Vladimir Putin to end his ruthless invasion of Ukraine.
