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…
Accenture to suspend business in Russia
– IT consulting firm Accenture Plc said on Thursday it is discontinuing business in Russia in response to the country’s invasion of Ukraine. The company said it will be extending support to…
U.S. Treasury warns crypto firms on Russia cybersecurity threat – source
By Hannah Lang – The U.S. Treasury Department has reached out to cryptocurrency companies about their cybersecurity controls amid concerns that Russia could wage retaliatory cyber attacks in response to Western sanctions,…
Jack Daniel’s maker Brown-Forman pauses hiring in Russia
– Jack Daniel’s maker Brown-Forman Corp said on Thursday it has paused hiring for its own distribution business in Russia following the country’s invasion of Ukraine. The company, which gets about 1%…
World Bank Makes Big Show Of Cutting Off Russia Just Weeks After Being Accused Of Oppressing Uyghurs In China
World Bank Makes Big Show Of Cutting Off Russia Just Weeks After Being Accused Of Oppressing Uyghurs In China Ailan Evans on March 3, 2022 The World Bank announced Wednesday it would…
Explainer-Which international banks are exposed to Russia?
By Valentina Za MILAN – The latest wave of sanctions on Russia over its invasion of Ukraine has thrown the global banking industry deeper into turmoil, as Western countries try to squeeze…
Russia halts deliveries of rocket engines to the U.S
MOSCOW – Russia has decided to stop supplying rocket engines to the United States in retaliation for its sanctions against Russia over Ukraine, Dmitry Rogozin, head of the state space agency Roscosmos,…
Factbox-Companies cut Russia operations and trade as sanctions tighten
– Companies have limited, put on hold or exited business activities in Russia following a wave of sanctions imposed after Moscow’s invasion of Ukraine. Below is a list of companies that have…
Smirnoff vodka maker Diageo pauses exports to Ukraine and Russia
LONDON – Spirits company Diageo, the maker of Smirnoff vodka and Guinness, has paused exports to Ukraine and Russia, the company said on Thursday. “Our priority is the safety of our people…
Analysis-Chinese banks scramble for ‘workarounds’ as Russia sanctions impinge
By Engen Tham and Julie Zhu – Top Chinese banks are rushing to ensure they can maintain business ties with Russian clients without running afoul of a barrage of Western sanctions, people…
German imports exceeded exports in 2021 trade with Russia – stats office
BERLIN – German imports from Russia exceeded exports last year because prices for imported crude oil and natural gas had risen sharply, Germany’s Federal Statistics Office reported on Thursday. In the prior…
Russia central bank increases capital of reinsurance firm specialising in sanctions risk
MOSCOW – Russia’s central bank on Thursday said it was increasing the capital of affiliated reinsurance firm AO RNPK, which specialises in providing protection against international sanctions, to 300 billion roubles ($3.08…
Russia imposes 30% commission on forex purchases by individuals – brokers
MOSCOW – Russia’s central bank has imposed a 30% commission on foreign currency purchases by individuals on currency exchanges, brokers told Reuters, citing a letter from the regulator. The central bank has…
Oil Hits 11-Year High As Big Oil Dumps Russia, White House Mulls Energy Sanctions
The price of crude oil touched its highest level in nearly 11 years on Wednesday amid the ongoing Ukraine crisis which has roiled energy markets. The WTI index, the U.S. benchmark index,…
Yellen says U.S. will address potential gaps in Russia sanctions
By David Lawder CHICAGO -The United States will address potential gaps in tough sanctions imposed on Russia over its invasion of Ukraine, U.S. Treasury Secretary Janet Yellen said on Wednesday, adding the…
World Bank halts all programs in Russia, Belarus
By Andrea Shalal WASHINGTON -The World Bank said on Wednesday it had stopped all programs in Russia and Belarus with immediate effect, following the Russian invasion of Ukraine and “hostilities against the…
Factbox-The funds that have large Russia exposure
By Davide Barbuscia NEW YORK – Overseas investors in Russia have tens of billions invested in the country’s stocks and bonds, according to Morningstar data. U.S. asset managers like Capital Group, Blackrock…
U.S. investment manager Capital Group was among top exposed to Russia -data
By John McCrank and Davide Barbuscia NEW YORK – Capital Group Companies Inc, one of the world’s largest investment management companies, known for its American Funds mutual funds, had billions in exposure…
PayPal stops accepting new users in Russia
By Paresh Dave, Elizabeth Culliford and Sheila Dang – Online payments company PayPal Holdings Inc stopped accepting new users in Russia on Wednesday given current circumstances, a company spokesperson told Reuters. PayPal,…
BoE’s Cunliffe says Russia crisis will add to risks from rates shift
By William Schomberg LONDON -Bank of England Deputy Governor Jon Cunliffe said the crisis triggered by Russia’s invasion of Ukraine would add to risks in financial markets which have already been made…
Royal Caribbean joins rivals in canceling 2022 sailings to Russia
– Cruise operators Royal Caribbean Group and Viking Cruises canceled sailings to Russia on Wednesday, joining their rivals and many Western brands in suspending operations in the country after its invasion of…
U.S. delays ICBM test-launch in bid to de-escalate Russia nuclear tensions
By Phil Stewart and Idrees Ali WASHINGTON -The U.S. military said on Wednesday it will postpone a scheduled test launch of a Minuteman III intercontinental ballistic missile, in a bid to lower…
GE says it temporarily paused support of airlines in Russia
CHICAGO -General Electric Co on Wednesday said it has temporarily paused support of airlines in Russia to be consistent with the sanctions imposed by the United States, the United Kingdom and the…
Wintershall Dea stops payments to Russia, writes off $1.1 billion Nord Stream 2 loan
By Christoph Steitz FRANKFURT – German oil and gas firm Wintershall Dea said on Wednesday it would stop payments to Russia and write off its 1 billion euro ($1.1 billion) financing in…
European chains Metro, SPAR still active in Ukraine, Russia
BERLIN – German wholesaler Metro and Dutch food retailer Spar International BV said on Wednesday they are still operating in Ukraine and Russia, keeping stores running either by reducing opening hours or…
Jen Psaki notes, Russia invades Ukraine only When Biden is in office, a “pattern of horror”
Russia has once again invaded Ukraine. The last time Vladimir Putin amassed his army and attacked his neighbor to the south was in February of 2014 when Russia invaded and took over…
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