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U.S. investment bank Goldman Sachs on Thursday announced it would pull out of Russia, becoming the first Wall Street institution to distance itself from Moscow after its invasion of Ukraine.
"Goldman Sachs is winding down its business in Russia in compliance with regulatory and licensing requirements," a spokeswoman for the company said.
"We are
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Read more: Goldman Sachs Becomes First Big U.S. Bank to Leave Russia
Write comment (90 Comments)Western sanctions have driven Russia and its close ally Belarus "mighty close" to default, the World Bank warned Thursday.
Sweeping sanctions imposed on the two countries over Moscow's invasion of Ukraine have left their economies in “square default territory,” the development organization's chief economist Carmen Reinhart told Reuters.
“They're n
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Read more: Russia and Belarus Economies 'Mighty Close' to Default, World Bank Warns
Write comment (93 Comments)As Moscow's invasion of Ukraine enters its third week, a pall has fallen over Russian artists, long crown jewels of a country whose fine arts are an eminent source of soft power.
Superstar operatic soprano Anna Netrebko and renowned conductor Valery Gergiev are among the luminaries axed from performing on the global stages they have long graced – b
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Read more: Cold Shoulder for Russian Artists Sparks Debate Over Cultural Boycotts
Write comment (90 Comments)Russia on Thursday accused the United States of funding research into the development of biological weapons in Ukraine, as Moscow stepped up its campaign to gain control of key Ukrainian cities.
Russian Defense Ministry spokesman Igor Konashenkov said in a televised briefing that "the purpose of this — and other Pentagon-funded biological research i
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Read more: Russia Accuses U.S. of Financing Bio Weapons Research in Ukraine
Write comment (99 Comments)Russian forces on Thursday rolled their armored vehicles up to the northeastern edge of Kyiv, edging closer in their attempts to encircle the Ukrainian capital.
An AFP team saw plumes of smoke rise over the village of Skybyn, just a few hundred meters past the last checkpoint marking Kyiv's northeastern city limits.
Ukrainian soldiers described a
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Read more: Russian Forces at Northeastern Edge of Kyiv
Write comment (90 Comments)Russia and Ukraine on Thursday failed to find a breakthrough on a ceasefire and other humanitarian issues at the first high-level talks between the two sides since Moscow's invasion.
Foreign Minister Sergei Lavrov and Ukrainian counterpart Dmytro Kuleba met on the sidelines of a diplomatic forum in the Turkish resort city of Antalya for three-way
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Read more: Russia, Ukraine Fail to Make Progress at 'Difficult' Turkey Talks
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