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This post was originally published on this siteFeb 28, 2022 (Bloomberg) The Bank of Russia acted quickly to shield the nation’s $1.5 trillion economy from sweeping sanctions that hit key banks, pushed the ruble to a record low and left President Vladimir Putin unable to access much of his war chest of more than $640 billion.

This post was originally published on this siteFeb 28 (Reuters) – Chevron Corp (CVX.N) is buying biodiesel maker Renewable Energy Group Inc (REGI.O) for $3.15 billion, in its biggest bet so far on alternative fuels. The second-biggest U.S. oil and gas producer said on Monday it would pay $61.5 in cash for each share of Renewable Energy, a

This post was originally published on this siteFeb 28, 2022 (Bloomberg) Several liquefied natural gas buyers have paused further purchases from Russia due to the quickly evolving wave of sanctions from the West, adding to worries over tight global supplies of the super-chilled fuel. Some importers from Asia to South America have decided to temporarily halt

This post was originally published on this siteInvestors seeking to offload holdings in Russian assets will find that the actual unwinding will be a complex and potentially expensive endeavor. A growing number of institutions are rethinking their portfolios in the wake of Russia’s invasion of Ukraine. Norway said it’s removing Russian assets from its $1.3 trillion wealth