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Ukraine to seize assets of alleged Russia sympathizers

A new law will allow Ukraine to replenish the state budget at the expense of “enemies,” President Zelensky says Ukrainian President Volodymyr Zelensky has signed a law, on Monday, allowing the confiscation of assets from citizens accused of supporting Russia in the ongoing conflict.

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Economist points to downside of strong ruble

The Russian currency’s strength may negatively affect other sectors of the economy The combination of a strong ruble and high oil prices will temporarily tame inflation, however, it also could accelerate consumer prices in the future, according to Doctor of Economics Denis Domashchenko, as quoted by the Russian business daily RBC.

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Starbucks to exit Russia

American coffee chain Starbucks said on Monday that it was pulling out of Russia and would no longer have a brand presence in the country. According to the company’s memo to employees, it will close its 130 stores in Russia.

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