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Stock impact report

Sanctions Slow Burn Gives Putin More Time to Be Defiant, for Now [Financial Post (Toronto, Ontario, Canada)]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Financial Post
But thanks to surging prices for its exports of oil and gas, the Kremlin has been able to steady the ruble and limit the impact on consumers and the war effort. Advertisement For now. Signs of strain are spreading across the economy, from the shuttered stores of foreign brands that fled to steep plunges in car sales, mortgage applications and many tax collections. Though they won’t say so publicly, Finance Ministry officials have foreseen biggest economic contraction in a generation this year as sanctions starve companies of key components, technologies and capital. While that slow-motion shock still may not be enough to force Putin to change course over Ukraine, the economic pressure on the Kremlin is set to rise sharply later this year, particularly with the European Union now discussing an embargo on Russian oil. “Sanctions alone would not stop Putin’s war, but sanctions combined with the military pressure puts him in a difficult position,” said Daniel Fried, a former top US S Show less Read more
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