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US sanctions authority probes Raiffeisen on Russia

The United States’ sanctions authority has launched an inquiry into Raiffeisen Bank International over its business related to Russia, increasing scrutiny of the Austrian lender that plays a critical role…

Better late than never, or just too late?

Too bad Finance Minister Ishaq Dar didn’t get to give Moody’s a “befitting reply” for downgrading Pakistan’s sovereign credit rating in October, or Fitch would not be teaching Pakistani people…

Ties with Russia

Russia is the largest country on the globe, with about 11 per cent of the world land mass, nearly double the size of the United States. Russia’s main expansion took…

Austerity by the rich

Another austerity drive is on the cards as Pakistan tries to strike an agreement with the IMF for the release of a $1.2 billion tranche. The country desperately needs the…

Seizing Russian assets is easier said than done

The idea is seductively simple: the West should turn over billions of dollars of frozen Russian assets to Ukraine to fund reconstruction. But it faces major legal problems which mean…