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Saturday, 24 February 17:47 (GMT -05:00)

Business And Politics News

New Sanctions Against Russia Will Last Long

Russian political expert Leonid Shvets commented on the new round of anti-Russian sanctions. For starters, he claims that Russia has already turned into America’s biggest enemy. The thing is that the new law signed by Donald Trump not so long ago is designed to fight America’s enemies with the help of sanctions. North Korea and Iran are also on the same list.




For those of you who don’t know, it all started in 2014 when Russia annexed the Crimea. Instantly after that, it was excluded from the so-called G8. Later on, the Western world imposed sanctions on Russia. Yet, this is not the end. The recent document approved by the U.S. Congress and signed by President Trump is aimed at America’s enemies, but mostly at Russia. The thing is, 98 out of 184 pages of the document are dedicated to Russia. For the sake of comparison, the sanctions against Iran occupy 25 pages.
The document contains punishment for all the sins of Russia, from chasing lawyer Sergey Magnitsky to starting a war in Ukraine and interfering in the internal affairs of the U.S. and some European states. It all starts with imposing sanctions on Russian state-owned companies from the sector of natural gas production and some other sectors.
On top of that, the new round of sanctions is designed to toughen the sanctions imposed on Russian during the previous round. Yet, there is another important aspect to mention. From now on, the expert working for the U.S. Department of the Treasury, the CIA, and the U.S. Department of State will be making annual reports on Russia’s political elite, including the relatives of Russian high-ranking politicians, the sources of their well-being, as well as foreigners cooperating with them. This is designed to find their weak spots, not to mention the fact that for Western businesses, contacting their Russian peers has now become toxic.


At the same time, those sanctions are going to last really long since now it’s not just a decision for the U.S. President. Now it’s a law, and both chambers of the U.S. Congress now have to approve any changes in this law, especially if someone wants to cancel it.  Some experts recollect the amendment introduced in 1974 to limit the financial and trade relation between the USA and the USSR. This amendment was canceled only in 2012. This means that this is going to be a long story, especially as Putin is not going to back down.


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Any Brexit Scenario Will Damage the British Economy

In practice, there can be multiple Brexit scenarios, i.e. the scenarios of how the United Kingdom will exit the European Union. Experts say that almost any scenario will damage the British economy to some extent. Moreover, there will be some economic damage to both the UK, the USA, and the EU.

Publication date: 25 December 02:48 AM

The Era of Cheap Money from Central Banks is Over

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Publication date: 25 December 02:05 AM

Will Bitcoin Mining Leave the World without Electricity?

It seems like people have been obsessed with cryptocurrencies. While loading up on them like crazy, they seem to have forgotten that everything has a price. When it comes to mining cryptocurrencies, this is all about the growing deficit of electricity. The thing is that all those mining farms consume tons of energy. Maintaining that cryptocurrency infrastructure is rather energy-consuming as well since all of that requires really powerful and capacious hardware, which consumes big amounts of electricity.

Publication date: 04 December 01:04 AM

Brexit and Bank Capital Outflow

Since the Brexit referendum that took place in the United Kingdom last year, European banks have already withdrawn from the UK as much as 350 billion euros. That’s reported to be the official stats provided by the European Union, The Financial Times reports.

Publication date: 30 November 01:52 PM

Fed Will Raise Interest Rate 4 Times in 2018, Goldman Sachs Experts Predict

According to the experts working for Goldman Sachs, one of the largest investment banks in the world, the U.S. Federal Reserve is probably going to raise the key interest rate 4 times next year.

Publication date: 25 November 04:05 AM

Referendum In Catalonia May Hit Europe Harder Than Brexit

The possibility of Catalonia exiting from Spain is dangerous to the integrity of the European Union, even more dangerous than the Brexit. This is what The Daily Telegraph thinks on the matter.


Publication date: 01 October 04:58 AM

Trump Announced Revolutionary Tax Cuts for Americans

On Wednesday, September 27th, President Trump announced a tax reform. The thing is that Donald trump promised this tax reform when making his election pledges in 2016.

Publication date: 29 September 07:51 AM

What is so precious about Ukraine for international investors? An American businessman shares his opinion

More and more international investors have been paying attention to Ukraine as a promising area for profitable investing. Cody Shirk, an American entrepreneur, traveler and investor, is now urging international investors to look at Ukraine as a country with really great investment potential, Market Leader reports.

Publication date: 27 September 03:16 AM

China’s Debt Bubble May Trigger Another Global Financial Crisis

The Chinese economy keeps on slowing down as China’s debt bubble is growing. International experts are concerned about that. They are afraid of a new global financial crisis, Market Leader reports. The thing is, the Chinese economy is not growing fast enough anymore. Beijing has to admit the economic slowdown. The entire international expert community is now closely watching this slowdown and expressing their concerns about China’s economic prospects amid the mentioned economic slowdown and inflating debt bubble.

Publication date: 25 September 12:44 PM

Why Is German Parliamentary Election Important to Europe?

Judging by the results of several sociological surveys, the chances of electing Angela Markel for the next 4 years is fairly high at the moment. Even though there is almost no intrigue in the election, the international community has still been closely watching it, Market Leader reports

Publication date: 24 September 12:55 AM