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…
Wizz Air suspends all flights to and from Russia temporarily
BUDAPEST – Wizz Air said on Sunday that it had suspended all flights to and from Russia temporarily. The airline added on its website that it was constantly monitoring the situation. (Reporting…
China so far not helping Russia evade Western sanctions – U.S. official
By David Lawder WASHINGTON – China so far does not appear to be helping Russia evade Western financial sanctions on Moscow over its invasion of Ukraine, but doing so would “do profound…
Germany and Western allies agree cutting Russia out of SWIFT
BERLIN – Germany and its Western allies agreed to cut Russia out of the SWIFT global payment system, a spokesperson for the German government said on Saturday, in a third sanctions package…
UK PM Johnson says pressure building to cut Russia off from SWIFT
LONDON -British Prime Minister Boris Johnson said on Saturday that the world should cut Russia off from the global SWIFT payments system and said more countries supported such a move. “What you…
EU nearing decision on cutting Russia off from Swift: French official
PARIS – Discussions among European Union members about excluding Russia from the Swift international payment system are close to reaching a successful conclusion, a French presidential official said on Saturday. The official,…
Twitter says its site is being restricted in Russia
By Elizabeth Culliford Twitter is being restricted for some users in Russia, the social media company said in a tweet on Saturday. On Friday, one day after Russia invaded Ukraine, Moscow said…
Italy to support EU line on Russia sanctions, including on SWIFT – PM’s office
MILAN – Italy will support any European Union line on sanctions against Russia in response to Moscow’s invasion of Ukraine, including measures on the SWIFT global payment system, Prime Minister Mario Draghi’s…
France in favour of cutting off Russia from SWIFT – Ukrainian minister
– Ukrainian Foreign Minister Dmytro Kuleba said on Saturday French Foreign Minister Jean-Yves Le Drian had supported cutting off Russia from the global SWIFT payment system in a phone conversation with him.…
Cutting Russia off from SWIFT a “matter of days” -euro zone central banker
PARIS – A decision to cut Russia off from the global SWIFT payment system will be taken in a matter of days, the governor of a central bank within the euro zone…
No immediate impact from Russia sanctions on bond index rebalancing – JPMorgan
LONDON – JPMorgan said there was no immediate impact from sanctions on Russia at the month-end rebalancing of its emerging market bond indexes. The indexes are key performance benchmarks for international investors…
China’s Didi reverses course, will remain in Russia
BEIJING – Chinese ride-hailing giant Didi Global said on Saturday that it would continue to operate in Russia, reversing a decision announced on Monday that it was leaving that country as well…
Momentum grows to ban Russia from SWIFT payment system
WASHINGTON – Canada, the United States, Britain and the European Union on Friday said they could act to exclude Russia from the SWIFT global interbank payments system in a further round of…
Exceptions to U.S. curbs on Russia seen weakening impact
By Karen Freifeld – U.S. curbs on exports to Russia for invading Ukraine look tough at first glance, but exemptions on everything from mobile phones to airplane parts coupled with the difficulty…
Russia Will Restrict Access To Facebook Over Alleged ‘Censorship’
A Russian regulator said Friday that the country would partially limit access to Facebook in response to the tech giant’s alleged restricting of Russian media accounts. Roskomnadzor, Russia’s internet and communications regulator,…
UK calls on NATO leaders to use SWIFT payments system to hurt Russia
LONDON – British Prime Minister Boris Johnson called on leaders of NATO member countries on Friday to use the SWIFT international payments system to damage Russian President Vladimir Putin and members of…
EBRD to weigh suspending access to resources for Russia, Belarus
LONDON – The European Bank for Reconstruction and Development (EBRD) said on Friday it would consider suspending Belarus and Russia’s access to its resources, among other possible responses to Russia’s invasion of…
Russia to tap rainy-day fund as sanctions hit borrowing abilities
By Darya Korsunskaya and Andrey Ostroukh MOSCOW – Russia will use money from its rainy-day fund this year to replace shortfalls caused by a forced reduction in state borrowing, which has grown…
Decoupling Russia: the global economy’s new unknown
By Mark John – Western economic sanctions to punish Russia for its invasion of Ukraine heap a new set of unknowables on a global economy already distorted by the coronavirus pandemic and…
Russia says sanctions will make borrowing more expensive -economy minister
MOSCOW – Economy Minister Maxim Reshetnikov on Friday said Russia was studying the long-term implications of new sanctions and admitted that the measures imposed would make borrowing more expensive. He also said…
Ukraine’s Kuleba discusses with Blinken need to use U.S. reach to ban Russia from SWIFT
– Ukraine’s foreign minister Dmytro Kuleba spoke with U.S. Secretary of State Antony J. Blinken via telephone about the need to use all U.S. influence on some hesitant European countries in order…
Excluding Russia from SWIFT must be on the table – Netherlands
BRUSSELS – Excluding Russia from the global SWIFT system of interbank payments should be an option given the scale of Moscow’s invasion of Ukraine, Dutch Foreign Affairs Minister Wopke Hoekstra said in…
Analysis-US sanctions on Russia serve China a sharp reminder of need for its own chips
By Josh Horwitz SHANGHAI – The sweeping restrictions imposed on Russia to block its access to global exports of goods from chips to computers and electronics are likely to accelerate China’s own…
Cutting Russia off SWIFT technically difficult – German govt spokesperson
BERLIN – Suspending Russia from the SWIFT global interbank payments system would be technically difficult to arrange and would have a massive impact on transactions for Germany and German businesses in Russia,…
India explores setting up rupee trade accounts with Russia to soften sanctions blow – sources
By Rajendra Jadhav, Nupur Anand and Aftab Ahmed MUMBAI – India is exploring ways to set up a rupee payment mechanism for trade with Russia to soften the blow on New Delhi…
Russia to widen trade, economic ties with Asia after Western sanctions
MOSCOW – Russia’s economy ministry on Friday said it was working on measures to minimise the effect of Western sanctions imposed after Russia’s invasion of Ukraine and would be stepping up trade…
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