Cuba and U.S. spar over U.N. resolution calling to end embargo
HAVANA (Reuters) – U.S. President Joe Biden’s administration on Thursday voted against a U.N. General Assembly resolution calling for an end to the U.S. economic embargo on Cuba, leaving relations frosty between…
Explainer-When EU embargo comes, where will Russia sell its crude oil?
MOSCOW (Reuters) – Russia has ramped up oil shipments to Asia since Europe imposed sweeping sanctions, but still needs to re-route over a quarter of its crude exports away from Europe –…
Turkey condemns U.S. decision on Cyprus arms embargo
ISTANBUL (Reuters) – Turkey’s foreign ministry said on Saturday it strongly condemned the expansion of a decision taken by the United States in September 2020 to lift its arms embargo on Cyprus.…
IMF says Russian gas embargo could hit central Europe hard
WASHINGTON – A Russian natural gas embargo would cause deep recessions in Hungary, Slovakia, the Czech Republic and Italy unless countries can cooperate more to share alternative supplies, the International Monetary Fund…
EU’s phased-in oil embargo allows Russia time to adjust, say analysts, sources
(Reuters) – Europe’s phased-in rather than immediate embargo on Russian oil gives Moscow time to re-route volumes to new customers in Asia in the next six months, Russian analysts and traders said…
Hungary digs heels in over EU embargo on Russian oil
By Gabriela Baczynska BRUSSELS – The European Union’s executive is looking to support Hungary in beefing up the eastern European state’s oil pipelines, storage and refining capacity, a spokesman said on Tuesday,…
EU’s Borrell to call meeting next week if Russia oil embargo deal not forthcoming
FLORENCE, Italy – A meeting of European Union foreign ministers will be held next week should countries from the bloc fail to reach an agreement over an oil embargo against Russia by…
Chemicals group Lanxess says Russian gas embargo would hit profit
By David Latona (Reuters) -German speciality chemicals maker Lanxess on Thursday said a potential embargo on Russian gas would weigh on its production and core profit this year, after releasing upbeat guidance…
Hungary, Slovakia to get end-2023 exception to Russian oil embargo – source
By Francesco Guarascio BRUSSELS – Hungary and Slovakia will be able to continue buying Russian crude oil until the end of 2023 under existing contracts, an EU source told Reuters on Wednesday,…
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