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Major clothing brand explains why it’s staying in Russia

Companies choosing not to leave the Russian market amid the ongoing offensive in Ukraine are facing backlash Leading Japanese clothing brand Uniqlo will continue to operate in Russia. The owner says Russians have “the same right to live” as other people, as dozens of other international companies are rushing to leave the country in protest…

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Global oil prices soar past $130 per barrel

Crude oil prices jumped to their highest levels since 2008 on Monday, amid fears of a ban on Russian oil imports due to Moscow’s military operation in Ukraine, as well as delays in talks on a nuclear deal with Iran.

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Bank of Russia resumes gold buying amid sanctions

The regulator stopped purchasing the precious metal when prices spiked at the onset of the Covid-19 pandemic The Central Bank of Russia announced it is resuming purchases of gold on the domestic market after a two-year pause. The move comes after the regulator and several of the country’s major banks fell under Western sanctions amid…

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