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Seized Western assets will go to Kremlin allies

Location:

RUSSIA

This follows the transfer of the assets of energy companies Uniper and Fortum three months earlier. Temporary management is likely to end in eventual nationalisation, and a…

Venezuela sanctions leave political and economic woes

Location:

VENEZUELA

Washington is starting to address the problematic legacy of the Trump administration's Venezuela policy. US economic and oil sanctions have not achieved the goal of dislodging…

US states are taking more action on the use of ESG

Location:

UNITED STATES

Republican states wanting to stall ESG practices are passing legislation limiting their use by financial services firms such as asset managers and banks. However, resultant…

Russia will trap foreign investors in a gilded cage

Location:

RUSSIA

Foreign investors seeking to leave Russia face several serious challenges. One is Russian government legislation that imposes onerous losses on those who exit. Another is that…

Climate finance will grow but huge challenges persist

Location:

INTERNATIONAL

Climate investment globally topped USD1tn last year but remains well short of the estimated USD8tn requirement. Most funding goes to developed economies and mitigation projects…

Moscow can afford the war in Ukraine

Location:

RUSSIA

Hopes that sanctions and a sclerotic economy will hinder Russia’s war effort are likely to prove misplaced. Careful management of the budget and healthy oil revenues mean that the…

US banking sector is changing faster than regulation

Location:

UNITED STATES

The Fed's quarterly survey of senior lending officers, released the same day, found that banks expect to tighten lending standards. This follows deposit flight during the banking…

Chilean government's pension 'win' will prove limited

Location:

CHILE

However, its key provision -- an increase in the system’s defined contribution -- was rejected by the Lower House. The government will have to negotiate key parts of the bill…

New Mexican state airline will be revitalised

Location:

MEXICO

Mexicana stopped operating in 2010 and was declared bankrupt in 2014. The revived firm -- based at the new and underused Felipe Angeles International Airport (AIFA) -- will be…

More Colombian state intervention in health is likely

Location:

COLOMBIA

The same day, the government ordered an administrative intervention into one of Colombia’s largest private healthcare providers (EPSs), EPS Sanitas, citing financial mismanagement…