Trump says final Nippon Steel deal not yet approved, addresses Russia sanctions and foreign policy
WASHINGTON, D.C. — President Donald Trump told reporters Friday that the Nippon Steel acquisition is not finalized and requires his approval, while also commenting on sanctions legislation against Russia and the prospects…
Ukraine says Russia is targeting railways to cut arms supply routes
(Reuters) – Ukraine’s military command said on Monday that Russia was trying to bomb Ukraine’s rail infrastructure in order to disrupt arms supplies from foreign countries. “They are trying to destroy the…
Factbox-Companies count the cost of ditching Russia
(Reuters) – Multinational companies that announced their exit from Russia, or suspension of activities there, after its invasion of Ukraine have started to calculate losses associated with their decisions. Below is a…
Port of Rotterdam feels impact of sanctions on Russia
By Toby Sterling AMSTERDAM – Europe’s biggest port Rotterdam said that goods throughput fell by 1.5% in the first quarter as trade was hit by the impact of sanctions on Russia, and…
Gold miner Polymetal delays projects amid sanctions pressure on Russia
(Reuters) – Polymetal has decided to postpone several projects amid Western sanctions on Russia after the gold and silver miner reported a 4% year-on-year increase in first-quarter revenue to $616 million due…
U.S.’s Blinken says Russia is failing in its war aims, Ukraine succeeding
SOUTHEASTERN POLAND – Russia is failing in its war aims but Ukraine is succeeding, U.S. Secretary of State Antony Blinken said on Monday after he and Defense Secretary Lloyd Austin met President…
Ukraine blames Russia after Mariupol humanitarian corridor fails on Sunday
(Reuters) – No humanitarian routes were established out of the southeastern Ukrainian port city of Mariupol on Sunday, Ukraine’s Deputy Prime Minister Iryna Vereshchuk said, blaming Russian forces for not holding their…
Ukraine president threatens to quit talks if Russia holds ‘pseudo-referendums’ in occupied areas
KYIV – Ukrainian President Volodymyr Zelenskiy said on Saturday that Kyiv would quit talks with Moscow if Russia destroys Ukraine’s people in the city of Mariupol and holds “pseudo-referendums” to create “pseudo-republics”…
Ukraine and Russia: What you need to know right now
(Reuters) – Russia resumed its assault on the last Ukrainian defenders holed up in a giant steel works in Mariupol, a Ukrainian official said, days after Moscow declared victory in the southern…
Russia to deploy Sarmat missiles by autumn in ‘historic’ nuclear upgrade
By Mark Trevelyan LONDON -Russia said on Saturday it plans to deploy its newly tested Sarmat intercontinental ballistic missiles, capable of mounting nuclear strikes against the United States, by autumn. The target…
Russia has resumed offensive against Ukrainian forces in Mariupol’s Azovstal -Ukrainian official
KYIV – Russian forces have resumed air strikes on and are trying to storm the Azovstal steel works where Ukraine’s remaining forces in Mariupol are holding out, Ukrainian presidential adviser Oleksiy Arestovych…
Air Lease to write off jets stranded in Russia, expects $802 million in charges
(Reuters) – Air Lease Corp said on Friday it would write off the value of the 27 jets it has remaining in sanctions-hit Russia, a move that is expected to lead to…
Russia faces risk of “orchestrated” default on state debt -VTB CEO
(Reuters) – Russia may face an “orchestrated” default on state debt due to Western sanctions which should not be seen as a technical default, the CEO of Russia’s second-largest lender VTB Andrey…
Russia suspends publication of import-export data to avoid ‘speculation’
(Reuters) – Russia’s customs service has decided to temporarily suspend publication of import and export data in order to exclude errors and “speculation”, the head of the service said on Thursday. The…
Russia makes ‘digital’ rouble, home-grown credit card push
(Reuters) – Russia said on Thursday it plans to have a “digital” rouble capable of making international payments ready by next year and also wants to expand the number of countries that…
Russia cenbank head Nabiullina faces full-scale crisis in new term
(Reuters) – Russian Central Bank Governor Elvira Nabiullina will have to deal with a full-scale economic crisis, tackling unprecedented uncertainty stemming from Western sanctions, as she begins her new five-year stint in…
U.S. lawmakers urge Facebook to do more to fight Russia propaganda in Spanish
WASHINGTON – A group of 21 U.S. lawmakers sent a letter to Facebook chief executive Mark Zuckerberg on Wednesday voicing concern about what they called disinformation on the platform aimed at Spanish…
Determinations committee says Russia in potential default on sovereign debt
LONDON -A derivatives panel has ruled on Wednesday that Russia could be in default after it failed to make a payment due on April 4 in U.S. dollars on two sovereign bonds,…
Inflation in Russia hits highest since early 2002
(Reuters) – Annual inflation in Russia accelerated to 17.62% as of April 15, its highest since early 2002 and up from 17.49% a week earlier, the economy ministry said on Wednesday, as…
Russia may spend $1.3 billion from wealth fund to recapitalise Aeroflot – Ifax
(Reuters) – Russia is considering spending around 107 billion roubles ($1.34 billion) from its National Wealth Fund (NWF) to recapitalise flagship airline Aeroflot, the Interfax news agency reported on Wednesday, citing an…
World Bank sees economies reducing dependence on Russia for energy, on China for supply chains
By Andrea Shalal WASHINGTON – World Bank President David Malpass on Wednesday said he expects a “strong effort” by major economies to reduce their dependence on Russia for energy supplies and China…
Russia tweaks tax code to make it easier for foreign firms to pay in roubles
(Reuters) – Russian lawmakers on Wednesday passed an amendment to the tax code that they said would make it easier for foreign companies to open accounts with Russian banks and pay for…
Yellen tells Indonesian finance minister: ‘No business-as-usual’ for Russia
WASHINGTON – U.S. Treasury Secretary Janet Yellen told her counterpart from Indonesia that there will be no “business-as-usual” for Russia in the global economy given its invasion of Ukraine, the Treasury Department…
Russia set to ban sharing of ‘banking secrets’ overseas
(Reuters) – Russia’s lower house of parliament has approved a draft bill that would ban Russian banks from sharing “banking secrets” with foreigners, the State Duma said in a statement on Wednesday,…
EU works to cut cost of Russia oil ban to win over sceptics – source
By Francesco Guarascio BRUSSELS – The European Commission is working to speed up the availability of alternative energy supplies to try to cut the cost of banning Russian oil and persuade Germany…
China’s March alumina exports to Russia soar as sanctions over Ukraine bite
BEIJING – China’s alumina exports to Russia surged over 90 times in March from the same period a year earlier, customs data showed on Wednesday, as sanctions against Russia for its invasion…
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