Argentina is in talks with the IMF over a new aid program designed to accelerate the process of exiting from capital controls, Bloomberg reported on Thursday, citing a senior government official. The IMF is pushing the government to let the currency devalue faster under its so-called “crawling peg,” and keep interest rates above soaring inflation,…
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Western allies are looking for “viable” options to expropriate the funds, US Treasury Secretary Yellen has said The US and its allies will continue to seek a “firm” legal rationale to underpin plans to confiscate Russia’s assets abroad, US Treasury Secretary Janet Yellen told Reuters on Thursday.
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Japan has approved a new round of sanctions on Russia over the Ukraine conflict, its foreign ministry announced on Friday. Tokyo has banned trade with an additional 29 Russian entities, according to a ministry press release. 12 individuals, including an executive at an arms manufacturer, seven organizations, and a bank have also been added to Japan’s asset-freeze…
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