Ukraine asks IMF, G7 to block Russia, Belarus
The Ukrainian central bank has asked the International Monetary Fund and the Group of Seven major economies (G7) to limit the participation of Russian and Belarussian representatives in their activities.
A statement by the apex bank said this would include banning them from attending meetings this spring of the IMF and the World Bank group.
Earlier, investment bank JPMorgan warned that sanctions imposed on Russia have significantly increased the likelihood that the country defaults on its dollar- and other international market government debt.
“The sanctioning of Russian government entities by the United States, counter-measures within Russia to restrict foreign payments, and disruptions of payment chains present high hurdles for Russia to make a bond payment abroad,” JPMorgan said in a note to clients.
Russia has over $700 million in payments coming due this month, mostly with a 30-day grace period.
(Reuters/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
LG Poll: Edo police impose statewide movement restriction
The police command in Edo State announced movement restriction from 12:00 midnight to 6:00 p.m. on Saturday as part of measures for the local government election.
Economy
NDPHC hands over Gbarain power plant rehabilitation to TILT, Schneider
The company said the handover was to replace the plant’s burnt power control module.
States
Gov. Alia backs Benue/Kogi joint police taskforce to tackle border crimes
According to the governor, the joint task force will strengthen security checks and dismantle criminal enclaves operating around the border areas.
States
Insecurity: Plans ongoing to establish military bases in Kogi communities, lawmaker says
Kogi lawmaker says plans are ongoing to establish military bases in some communities in the state.
World
11 dead as wildfire ravages southern Spain
At least 11 people have been killed and eight injured as wildfire ravages Los Gallardos, Almería, in Southern Spain.
Lagos
Residents commend waste evacuation in Lagos
The ongoing evacuation of accumulated waste by the Lagos government has drawn commendation from residents.
