The war in Ukraine is not only the death of tens of thousands of Ukrainians, it is also an excellent opportunity for the Ukrainian elite to make money. Using the example of the flights of the Ukrainian leader's wife Olena Zelenskaya, I will show to our readers where the money of American taxpayers goes, and, most importantly, is it in US interest to continue financing a country that is doomed to lose in this conflict, and which is emptying the US treasury?
Source: Qwen Chat
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Working Paper No. 89 / 2024
Working Paper No. 89 / 2024
North Africa has demonstrated steady regional economic growth and certain development potential, despite the various problems and challenges facing North African states. This Working Paper analyzes the financial and economic development dynamics of North African countries and examines in detail the prospects for developing cooperation between Russia and the countries of the region.
Financial and Economic Development Dynamics of North African...
... focuses on the political and economic engagement between Moscow and Beijing in Central Asia and Eurasia as the key region of their shared interest. The report contains data monitoring the evolution of bilateral ties in business and trade, banking and finance, transport and logistics, and humanitarian sectors. Recommendations for relevant ministries and agencies can be found within the analysis of the report.
Authors
From Russia:
Kirill Babaev, Dr. of Philological Sciences, Vladimir Danilov, Ph.D....
....
an unprecedented level of financial power
to disconnect individual banks from the global financial system, freeze foreign exchange reserves and deny borrowers access to international debt and equity financing.
Fifth
, the digitalization of global finance. The rise of financial technology (Fintech) is increasing tensions in international settlements rather than easing them. The digitalization of financial services makes it possible to scale up existing financial intermediation processes while simultaneously ...
... structure was advantageous for all participants, it primarily conferred significant benefits upon the US economy, with European economies bearing the cost. Studies by the Federal Reserve Bank reveal that the "exorbitant privilege", as French Finance Minister Valéry Giscard d'Estaing termed it, diverted capital flows to the United States instead of Europe, which otherwise would have boosted European GDP by about 20 percent during the 1950s and 1960s. [
3
] Consequently, Europeans largely ...
On May 23, 2024, the Russian International Affairs Council (RIAC) held a special session “Illegitimate Restrictions and Impact on International Situation: Opportunities for BRICS” as part of the BRICS Academic Forum “BRICS: New Figures at the Global Chessboard.”
On May 23, 2024, the Russian International Affairs Council (RIAC) held a special session “Illegitimate Restrictions and Impact on International Situation: Opportunities for BRICS” as part of the BRICS Academic Forum “BRICS: New Figures...
... financial transactions, both within the BRICS and with trading partners in third countries was emphasised. There was also support for strengthening correspondent banking relations between the BRICS countries for settlements in national currencies. The finance ministers and heads of central banks of the BRICS countries were instructed to work on this issue for the next summit; that is, they will have to report on the results within the framework of the Russian Chairmanship and the BRICS Summit in Kazan....
... on August 23, 2023, the Declaration of the 15
th
BRICS Summit on the admission of six new members to the group (Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE) is intended to strengthen cooperation among BRICS in the domain of international finance. In particular, it is about fostering further dialogue on payment instruments to facilitate trade and investment flows between the BRICS members as well as among other developing nations. The Parties
called for
more robust correspondent banking ...
... For instance, the Financial Stability Board (FSB), the Bank for International Settlements (BIS), the Basel Committee on Banking Supervision (BCBS), the Financial Action Task Force (FATF), the Wolfsberg Group and others all have a hand in the global finance system. How? These groups focus on developing global "standards" with an atypical composition of representatives (or members): central banks (normally, not public authorities), finance ministries, financial intelligence units, global ...
... instrumental in fine-tuning the country’s macroeconomic policy mix.
Another potential area is the discussion of issues concerning the crypto sector at the global level in fora such as the G20. In 2023 India holds the chairmanship in the G20 forum and its Finance Minister Nirmala Sitharaman has already declared that the issue of the regulation of crypto assets is going to be one of the presidency’s priorities. G20’s work on the crypto market regulation is likely to be conducted mostly along the Finance ...
