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Kremlin pushes new wave of repression at home as war drags on

Bloomberg Russian authorities are pushing through a raft of new repressive measures against domestic opponents, expanding crackdowns on critics as the Kremlin’s war in Ukraine is in its fifth month. Legislators have approved new proposals to dramatically broaden treason statutes, as well as restrictions on “foreign agents,” a legal category that’s been used widely against critics and independent journalists. Another ...

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Blinken plans ‘candid exchange’ with Chinese counterpart on Ukraine

Bloomberg US Secretary of State Antony Blinken will have a candid discussion about the war in Ukraine with his Chinese counterpart Wang Yi during a summit in Indonesia that’s set to be dominated by the fallout from Russia’s invasion, a top official said. “We’ve had a number of communications at senior levels with our Chinese counterparts about what we expect, ...

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PBOC looks set to withdraw cash from its financial system

  Bloomberg China’s central bank looks set to withdraw cash from its financial system in a sign that it’s moving towards normalising monetary policy as major global peers are forcefully raising interest rates. The People’s Bank of China (PBOC) slashed its daily short-term liquidity operation to 3 billion yuan ($447 million) this week, the smallest amount since January 2021. At ...

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