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…
Marlboro maker Philip Morris working on options to exit Russia market
– Marlboro maker Philip Morris International Inc said on Thursday it was working on options to exit the Russian market after Moscow’s invasion of Ukraine. The cigarette maker, which brought in around…
Russia says it will decide on future use of Moscow’s Renault plant next week
– Russian authorities will decide how to use Renault’s plant in Moscow by the end of next week, the Ministry of Industry and Trade said on Thursday, after the carmaker announced it…
China faces challenges supplying Russia with alumina – analysts
By Eileen Soreng and Praveen Menon – Russia might look to its giant neighbour to replace Australian alumina supplies cut off by sanctions, but Chinese aluminium smelters need all the feedstock they…
Explainer-Challenges arise as Russia calls for gas payments in roubles
By Arathy Somasekhar HOUSTON – Russian President Vladimir Putin on Wednesday said the world’s largest natural gas producer would soon require “unfriendly” countries to pay for their fuel in Russia’s currency, the…
U.S. will ‘absolutely’ hit Chinese firms if they violate export controls on Russia, says Raimondo
By Andrea Shalal WASHINGTON -The United States will “absolutely” enforce export controls if Chinese companies send semiconductors to Russia that were made with U.S technology, a move that could “essentially shut them…
Sanofi halts new spending on non-essential drugs in Russia and Belarus
PARIS – French drugmaker Sanofi on Wednesday said it would stop immediately any new spending not related to the supply of essential and life-changing medicines and vaccines in Russia, as well as…
Russia looks for new baby food packaging suppliers as sanctions bite
– Russia is looking for suppliers of packaging for baby food and dairy products due to disruption in supplies caused by the Western sanctions imposed on Moscow, the country’s agriculture minister, Dmitry…
Effort to end ‘most-favored’ trade status for Russia slowed in U.S. Senate
By Patricia Zengerle WASHINGTON – Legislation removing “most favored nation” trade status for Russia over the invasion of Ukraine hit a roadblock in the U.S. Senate on Wednesday, as Democrats and Republicans…
US, UK, Canada export credit agencies halt support to Russia, Belarus over Ukraine war
WASHINGTON – The export credit agencies of the United States, Britain and Canada said on Wednesday that they are withdrawing new export credit support for Russia and Belarus over Russia’s invasion of…
Russia says it has moved over 50% of foreign aircraft to its own registry
– The Russian government has transferred more than 50% of foreign aircraft to Russia’s own registry as it takes measures to start using foreign aircraft located in Russia, Prime Minister Mikhail Mishustin…
EnBW boss to Putin’s Russia: no new energy deals
By Christoph Steitz and Tom Käckenhoff FRANKFURT -Germany’s EnBW will avoid any new energy supply deals with Russia for as long as Vladimir Putin is its president, the utility’s chief executive said…
Ukraine says ‘confrontational’ Russia talks moving forward as West plans more sanctions
By Natalia Zinets and Pavel Polityuk LVIV/KYIV, Ukraine – Talks between Ukraine and Russia are confrontational but moving forward, President Volodymyr Zelenskiy said on Wednesday, as the West plans to announce more…
EU loosens state aid rules for companies affected by sanctions on Russia
By Foo Yun Chee BRUSSELS – EU companies affected by sanctions imposed on Russia can get up to 400,000 euros ($440,360) in state support and compensation up to 30% of energy costs…
Europe cannot end Russia energy dependence overnight -Scholz
By Paul Carrel and Miranda Murray BERLIN – Europe will end its energy dependence on Russia but to do so from one day to the next would plunge it into a recession,…
Explainer-Can companies leaving Russia recoup losses through insurance?
By Tom Hals – Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co…
Credit Agricole suspends services in Russia as banks retreat
By Iain Withers and Julien Ponthus LONDON – France’s Credit Agricole said on Tuesday it had suspended all services in Russia, joining a retreat by other international banks since Moscow’s invasion of…
U.S. Treasury deputy Europe-bound to coordinate sanctions on Russia over Ukraine
By Daphne Psaledakis WASHINGTON – U.S. Deputy Treasury Secretary Wally Adeyemo will travel to Europe next week to coordinate sanctions with allies over Russia’s assault on Ukraine and discuss next steps with…
Rouble steadies near 104 vs dollar, Russia pays Eurobond coupon
– The Russian rouble hovered around the 104 mark to the U.S. dollar most of the trading session in Moscow on Tuesday, lacking momentum for larger moves, while government OFZ bonds stabilised…
U.S. Senate must quickly pass bill removing normal trade status for Russia -Schumer
WASHINGTON – The U.S. Senate must quickly pass legislation to revoke “most favored nation” trade status for Russia and hold Russian President Vladimir Putin accountable, Majority Leader Chuck Schumer said Tuesday. The…
Two thirds of Luxembourg funds with big Russia exposure suspended, watchdog says
By Huw Jones and Carolyn Cohn LONDON – Two thirds of funds in Luxembourg with heavy Russian exposure have been suspended following the Ukraine invasion, the Grand Duchy’s securities regulator said on…
Russia sentences Kremlin critic Navalny to nine years in prison -court
– A Russian court on Tuesday sentenced jailed Kremlin critic Alexei Navalny to nine years in prison on fraud charges, in a ruling that will keep President Vladimir Putin’s most prominent opponent…
German eastern business lobby defends continued activities in Russia
Berlin – The lobby group representing German businesses with interests in eastern Europe has defended the business activities of member companies in sanctioned Russia. There are a number of sectors “in which…
Novartis suspends some business activities in Russia
GENEVA – Swiss drugmaker Novartis said on Tuesday it was suspending capital investments, media advertising, and other promotional activities in Russia but remained committed to providing access to its medicine there. “Novartis…
Lamborghini can absorb lost sales in Russia through other markets -CEO
By Giulio Piovaccari MILAN – Italian luxury sports car brand Lamborghini can easily make up for lost sales from its decision to suspend business in Russia following Moscow’s invasion of Ukraine, Chief…
Australia bans alumina exports to Russia, sources coal for Ukraine
– Australia has imposed an immediate ban on exports of alumina and aluminum ores, including bauxite, to Russia, the government said on Sunday as part of its ongoing sanctions against Moscow for…
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