UniCredit and Citigroup are reportedly trying to avoid bulky write-downs related to quitting Russia over Ukraine In an attempt to escape hefty write-downs on operations in Russia due to their exit from the sanction-hit country, UniCredit and Citigroup are exploring the possibility of swapping assets with Russian banks, FT reports, citing people with knowledge of…
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Washington must preserve its leadership “from a position of strength,” the US Secretary of State has claimed US Secretary of State Antony Blinken has claimed the world is transitioning to a new diplomatic order in which Washington must lead the way in overcoming increasing threats from Russia and China.
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