Saturday, February 28

Economy

Kiev could default on its enormous debts as early as next month if it fails to negotiate a restructuring deal with its creditors, The Economist reported on Sunday.

The World Bank’s annual national income rankings, released on Monday, showed that Russia has advanced from “upper middle” to “high” category on the strength of its economic growth.

UniCredit has appealed to the EU’s top court to clarify an order issued by the European Central Bank (ECB) for the Italian institution to reduce its presence in Russia.

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