Major Russian banks hit by sanctions

The US expanded full blocking sanctions on Wednesday against Russia’s state lender Sberbank and one of the country’s largest private lenders, Alfa Bank. “Today, we’re dramatically escalating the financial shock by imposing full blocking sanctions on Russia’s largest financial institution, Sberbank, and its largest private bank, Alfa Bank,” a senior administration official told reporters.

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EU nation says it’s ready to pay rubles for Russian gas

Hungary’s Prime Minister Viktor Orban said on Wednesday he is opposed to any EU sanctions on Russian energy, adding his country will accept Moscow’s directive that gas supplies be paid-for in rubles.

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Ukraine not only factor in higher UK food prices – report

New report suggests Brexit and Covid have led to over 500,000 job vacancies in UK farming sector as of August Chronic labor shortages in the food and farming sectors could lead to even higher food prices, a group of British MPs warned in a report published on Wednesday, urging the government to learn its lessons…

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