ECONOMY

How should the Marshall Plan for Ukraine work? | Barry Eichengreen

TEnforcing the Marshall Plan for Ukraine is a popular sport today. The game begins by throwing the number of costs of reconstruction of Ukraine after the devastation of the Russian invasion – $ 250 billion (203 million pounds) or $ 500 billion or $ 1 trillion, depending on the assumptions about how much is destroyed, …

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Gas supplies to Germany are declining as Ukraine closes pipelines from Russia

Gas supplies to Germany are declining as Ukraine closes pipelines from Russia

On Wednesday, it remained unclear whether a specific event triggered the decision of the Ukrainian gas network operator GTSOU to suspend flows through the Sokhranivka hub. The Luhansk region has been occupied by Russian forces and separatist fighters since the beginning of the invasion. The GTSOU said in a statement on Tuesday that it had …

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Turkey is increasing pressure on banks as the lira falls

Turkey is increasing pressure on banks as the lira falls

Turkish authorities have increased pressure on local banks to curb foreign currency purchases by corporate clients in an effort to halt the lira’s re-decline. Bankers in Istanbul, Turkey’s financial center, say they are facing increased central bank intervention, with officials examining corporate FX transactions worth just $ 1 million. “Even for $ 1 or $ …

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