09 Mar 2022

The Reputational Risks Of Doing Business In Russia

Over the past two weeks, we have seen an unprecedented brand exodus from Russia. International brands that have been present in the country for many years have made the decision to pull out of their operations, as a direct consequence of president Putin’s own decision to invade Ukraine. Big consumer brands

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09 Mar 2022

Growing list of companies halting Russian operations

As the Russia-Ukraine crisis unfolds, multinational companies around the world have announced changes to their supply chains to reduce their footprint in Russia. More companies continue to suspend their business operations in Russia, with a few exiting deals in the country altogether. The announcements follow as the United States and

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09 Mar 2022

Why ‘money will never be the same’ after Russia-Ukraine, and Bitcoin may benefit

As commodities prices spike and stocks swoon as a result of Russia waging war against Ukraine, the monetary system could be changed in profound ways, some analysts say. At some point in the future, digital tokens may revert to the inflation hedge and safe-haven from fiat turmoil, as envisioned when they

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09 Mar 2022

Is Russia launching cyber attacks? How Ukraine faces battle on TWO fronts

Putin’s relentless campaign over the border has so far failed to produce the results he hoped for, according to recent intelligence. Russian troops face fierce resistance from Ukrainian locals, who have bogged down the invading forces as they push towards Kyiv. As the devastating ground war develops, Russia could also

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09 Mar 2022

War in Ukraine: Russia soon unable to pay its debts, warns agency

According to a leading credit ratings agency, Russia will soon be unable to pay its debts. Fitch Ratings warned a default on the country’s government debt is imminent. This rating comes as sanctions from international powers have increased after Russia’s invasion of Ukraine.  The credit rating was cut from C

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09 Mar 2022

Biden’s Middle East allies change tune on Ukraine war as conflict escalates

On Wednesday, the United States’ closest allies in the Middle East condemned Russia’s invasion of Ukraine. They previously held neutral positions and have recognized the changes in the war that has caused over a million refugees in a week. All of the Gulf Allies, Saudi Arabia and the United Arab

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08 Mar 2022

Ukraine and US targeted by cybersecurity attacks in run-up to Russian invasion

New reports have emerged of hacking campaigns linked directly and indirectly to Russia’s war in Ukraine, with the stories shedding more light on an opaque element of the invasion: cyberwarfare. Many experts predicted that Russia would launch significant cyber attacks in Ukraine, shutting down the country’s electrical grid for example.

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08 Mar 2022

U.S. Sanctions on Russia: Impact on Shipping Business and Contractual Considerations

The shipping sector is fundamental to international trade in a global economy that is more interconnected than ever. In response to the Russian invasion of Ukraine, the United States, European Union (EU), United Kingdom (U.K.) and many other countries have imposed severe sanctions on Russia and Russian entities. In particular,

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08 Mar 2022

Cryptocurrency companies resist pressure to close Russian accounts

U.S. banks, oil companies and internet service providers are cutting off Russia’s access to their services following its invasion of Ukraine, and the list of other companies doing the same grows daily. But one rapidly growing industry so far has declined to pull back in Russia: cryptocurrency traders. Unlike other financial

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08 Mar 2022

What Russia’s Ongoing Cyberattacks in Ukraine Suggest About the Future of Cyber Warfare

Between 1946 and 1958, the Bikini Atoll, in the North Pacific Ocean, was used as a testing ground for 23 new nuclear devices that were detonated at various spots on, above, or beneath it. The point of the tests was primarily to understand (and, in many cases, show off) how

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