Business

The French bank BNP Paribas has told its customers it will no longer process transactions in Russia after the end of March, as it halts all new projects in the country. BNP's Russian business is relatively small – with €1.3 billion of exposure to the market – but the move is symbolic as other lenders consider their position in the country. Also today, we hear from the Ukrainian farmers who are continuing to work the land amid fears for food production due to the war.

The French bank BNP Paribas has told its customers it will no longer process transactions in Russia after the end of March, as it halts all new projects in the country. BNP's Russian business is relatively small – with €1.3 billion of exposure to the market – but the move is symbolic as other lenders consider their position in the country. Also today, we hear from the Ukrainian farmers who are continuing to work the land amid fears for food production due to the war.

The French bank BNP Paribas has told its customers it will no longer process transactions in Russia after the end of March, as it halts all new projects in the country. BNP's Russian business is relatively small – with €1.3 billion of exposure to the market – but the move is symbolic as other lenders consider their position in the country. Also today, we hear from the Ukrainian farmers who are continuing to work the land amid fears for food production due to the war.

The French bank BNP Paribas has told its customers it will no longer process transactions in Russia after the end of March, as it halts all new projects in the country. BNP's Russian business is relatively small – with €1.3 billion of exposure to the market – but the move is symbolic as other lenders consider their position in the country. Also today, we hear from the Ukrainian farmers who are continuing to work the land amid fears for food production due to the war.

Russia has reportedly made $117 million in bond payments, managing so far to avoid its first default on foreign debt since 1918. Billions more are due within weeks as sanctions continue to hammer the Russian economy in response to the war in Ukraine. Plus, Amazon closes in on its acquisition of Hollywood studio MGM.

Russia has reportedly made $117 million in bond payments, managing so far to avoid its first default on foreign debt since 1918. Billions more are due within weeks as sanctions continue to hammer the Russian economy in response to the war in Ukraine. Plus, Amazon closes in on its acquisition of Hollywood studio MGM.

Russia has reportedly made $117 million in bond payments, managing so far to avoid its first default on foreign debt since 1918. Billions more are due within weeks as sanctions continue to hammer the Russian economy in response to the war in Ukraine. Plus, Amazon closes in on its acquisition of Hollywood studio MGM.

Russia has reportedly made $117 million in bond payments, managing so far to avoid its first default on foreign debt since 1918. Billions more are due within weeks as sanctions continue to hammer the Russian economy in response to the war in Ukraine. Plus, Amazon closes in on its acquisition of Hollywood studio MGM.

The Organisation for Economic Co-operation and Development has warned of a major shock to the global economy from the Russian invasion of Ukraine. In its latest report, the OECD estimates that it could wipe a percentage point off global economic growth this year, and drive up inflation by 2.5 percentage points. Chief Economist Laurence Boone tells FRANCE 24 that EU countries could see an even bigger hit to growth from the conflict.

The Organisation for Economic Co-operation and Development has warned of a major shock to the global economy from the Russian invasion of Ukraine. In its latest report, the OECD estimates that it could wipe a percentage point off global economic growth this year, and drive up inflation by 2.5 percentage points. Chief Economist Laurence Boone tells FRANCE 24 that EU countries could see an even bigger hit to growth from the conflict.