Author: Steven Sahiounie

More of Russia’s super-rich are keeping their money at home, driving “unprecedented” growth in the private banking sector, new research shows. The number of high-net-worth individuals (HNWI) holding assets worth over 100 million rubles (roughly $1 million) in Russian banks jumped by 50% last year compared to 2022, leading banking consultancy Frank RG reported on Tuesday.

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Russian President Vladimir Putin has granted American Express bank the right to “voluntary liquidate” its business in Russia, according to a document published on the portal of legal acts on Wednesday.

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President Mahmoud Abbas today stated that Ireland’s recognition of the Palestinian state was a great step that contributes to promoting peace and justice. In a phone call with Spanish Prime Minister Pedro Sánchez, President Abbas thanked Sánchez for his country’s courageous positions to recognize the State of Palestine, as he affirmed that this great step would contribute to the promotion of peace and justice as well as to the realization of the inalienable right of the Palestinian people to self-determination. He also affirmed that this step would further the implementation of the political solution based on the United Nations resolutions and…

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