Russia’s foreign exchange reserves had to be kept abroad and nothing could have been done to avoid a freeze of the country’s dollar and euro assets, the central bank said in the latest question-and-answer post on its website.
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The Group of Seven major economies have collectively agreed to reject Moscow’s demand to pay for gas imports from Russia in rubles, according to German Energy Minister Robert Habeck. “All G7 ministers agreed completely that this [would be] a one-sided and clear breach of the existing contracts,” Habeck told journalists on Monday.
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Some 26 million residents of China’s economic capital of Shanghai will be confined to their homes as Beijing imposes a massive citywide lockdown starting on Monday in a bid to maintain a ‘zero-Covid’ policy.
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