Russia sues European banks over billions in frozen assets
Russia’s central bank and several Russian billionaires have launched legal actions to recover their frozen assets in Europe.
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Billions of euros in frozen Russian assets not so ‘Russian’, Belgian news outlet says
A large portion of the €258 billion being held in Belgium under Russian sanctions has reportedly been found to belong to Western banks and non-sanctioned individuals…
Kremlin central bank chief takes aim at EU over Russian asset confiscation plan
The Kremlin has warned of "catastrophic consequences" should the European Union proceed with plans to confiscate Russian assets held in Western banks.
Switzerland bans face coverings including burqas
On September 20, the lower house of Switzerland's Parliament passed legislation that prohibits face coverings such as burqas worn by Muslim women.
Russia’s central bank sharply hikes interest rates as ruble tanks
With the value of the Russian ruble in steep decline, its central bank is trying to stop the bleeding away of its value by increasing interest rates by 3.5 per cent.
Russian ruble tumbles, losing 30 per cent of its value
The Russian ruble has hit its lowest point since the beginning of the war in Ukraine as Western sanctions are seeming to squeeze the Russian economy.