Portugal comes to defense of Russian billionaire sanctioned by UK

Lisbon announced on Thursday that London’s sanctions on Roman Abramovich, who has Portuguese citizenship, do not apply in Europe, since the UK has left the European Union. In a statement seen by Reuters, the Justice Ministry of Portugal also said that EU sanctions on Russian oligarchs over Moscow’s military offensive in Ukraine do not include…

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Private Real Estate Fund Categories: A Risk/Return Assessment

Based on the risk-adjusted performance of all three categories of private real estate funds, investors are paying billions in economically unwarranted fees.

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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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