Ukrainian officials say a fleet of Russian ships has been forced more than 100 kilometers from the Ukrainian coast, which could be used to alleviate the economic pressure of the Russian blockade.
Tag: oligarch
Faced with a $32 billion drop in their wealth this year, Russian oligarchs are looking for assets to allow them to overcome sanctions that will increase with the invasion of Ukraine. Familiar with crises, they see bitcoin and other cryptocurrencies as an escape from the hegemony of the dollar, and a way to diversify their holdings.
The head of state, a political outsider who had promised to fight corruption, must contend with the powerful oligarchs in his own entourage at the risk of disappointing his voters.
While billionaire incoming president Petro Poroshenko takes over in Kiev, the fate of the country may also be in the hands of another super-rich businessman from contested eastern Ukraine.
ROME – Italy won’t be the new Saudi Arabia, but few realize that it does have its own small treasure trove of oil and natural gas, underground and under the seabed. There is, however, one condition required to benefit from it – not saying “No, grazie!” Italians will only see the gushing of oil and […]