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Ukraine seeks safe zone as Russia troops near biggest atomic plant

Bloomberg The head of Ukraine’s nuclear-power utility called on international monitors to intervene to ensure the safety of the country’s 15 atomic reactors as an advancing Russian invasion nears Europe’s largest nuclear plant. The International Atomic Energy Agency will convene an emergency session on Wednesday in Vienna to assess the situation. The watchdog has been warning for days that the ...

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China spy think tank predicts sanctions will backfire

  Bloomberg Sanctions leveled on Russia will ultimately cause more damage to the US and its allies, a research group that advises Chinese President Xi Jinping said, as Beijing weighs how much backing to give its close diplomatic partner. Russia has largely adapted to dealing with punitive financial measures since 2014, when it was penalized for seizing Crimea, Ma Xue, ...

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China’s small banks set for spotlight over Russia support

  Bloomberg China’s smaller banks could come under greater scrutiny over financing to Russia as the nation’s biggest lenders are already showing signs of complying with US and European sanctions in a bid to protect their large international footprints. Within the commercial banking system, one model allowing China to support its strategic partner would be through an institution similar to ...

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