Bank of Russia proposes financial support for reservists

People mobilized for military service should be offered payment holidays on loans, the regulator says The Bank of Russia (CBR) recommended on Wednesday that banks and microfinance providers grant payment holidays on loans to military reservists called up under President Vladimir Putin’s decree on partial mobilization.

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JPMorgan issues US ‘wealth shock’ warning

US household wealth has fallen by at least $5 trillion so far this year amid an intense market selloff, according to a JPMorgan Chase note seen by Bloomberg. The losses could amount to $9 trillion by year-end, it estimated.

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‘No limits’ to support for Ukraine – Macron

The French leader has alarmed the opposition with belligerent remarks about Russia French President Emmanuel Macron reportedly said on Thursday that he recognizes no limits or Russian “red lines” when it comes to backing Kiev, drawing criticism from both Moscow and the opposition at home.

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