A group of bicameral Republican and Democratic lawmakers introduced legislation Thursday that would prohibit the U.S. from importing Russian oil and petroleum products. Senate Energy and Natural Resources Chairman Joe…
House Speaker Nancy Pelosi said she would support a ban on Russian oil imports, aligning herself with bipartisan lawmakers pushing for energy independence. “I’m all for that,” Pelosi told reporters…
AMSTERDAM – Dutch bank ING provided an update on Friday on its exposure in Russia and Ukraine, saying that about 700 million euros ($771 million) in outstanding loans were “affected”…
TRENTON, NJ – Democrats and Republicans in Trenton united in solidarity with Ukraine as the country continues to be attacked and bombed by Russian forces. Now heading into its second…
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of…
By Davide Barbuscia NEW YORK – Goldman Sachs Asset Management has reduced the Russian exposure in its GQG international equity fund to about $222 million, according to a statement and…
LONDON – JPMorgan said on Thursday it expected Russia’s economy to contract 35% in the second quarter and 7% in 2022 with the economy suffering an economic output decline comparable…
The French government seized a massive yacht belonging to Russian oligarch Igor Sechin, the head of a state-run energy giant, France’s finance ministry said. French customs authorities executed the seizure…
MOSCOW – No restrictions stopping people from paying debts in foreign currency to a foreign company or bank have been introduced, Russia’s central bank said in a question and answer…
By Ross Kerber – A responsible-investing group representing $10 trillion of assets under management and advisement said companies could be right to cut Russian business ties to protest Moscow’s invasion…
BERLIN – Lufthansa Chief Executive Carsten Spohr said routing flights to avoid Russian air space will increase costs for the German flagship carrier by a single-digit million-euro amount per month.…
GENEVA – German Foreign Minister Annalena Baerbock called on Thursday for an urgent inquiry to investigate what she called human rights violations committed by Russia during its invasion of Ukraine.…
By Samuel Shen and Andrew Galbraith SHANGHAI – The Moscow branch of a Chinese state bank has seen a surge in enquiries from Russian firms wanting to open new accounts,…
MOSCOW – Russia’s finance ministry said on Thursday that it was halting purchases of foreign currency and gold for this year as part of a suspension of parts of its…
BEIJING – A Russian-run online store on Chinese e-commerce platform JD.com thanked Chinese shoppers for their support after it sold out of most items including chocolate and fabric softener, saying…
– Business activity in the Russian service sector returned to growth in February as inflationary pressure eased and business confidence reached a five-month high, the Markit purchasing managers index (PMI)…
The Biden administration unveiled a round of fresh sanctions Wednesday, in part targeting a small portion of Russia’s massive oil and gas industry. The Department of Commerce will place restrictions…
By Daphne Psaledakis and Matt Spetalnick WASHINGTON -The United States is preparing a sanctions package targeting more Russian oligarchs as well as their companies and assets, two sources familiar with…
By David Lawder CHICAGO – U.S. Treasury Secretary Janet Yellen said on Wednesday that the United States and Western allies have immobilized half of the assets of the Russian central…
MOSCOW – The Russian banking system’s liquidity shortage widened to 6.9 trillion roubles ($68.25 billion) on Wednesday, the central bank said, up from 5.4 trillion roubles a day before as…
By Nora Buli, Jonathan Saul and Marwa Rashad OSLO/LONDON – Supplies of Russian liquefied natural gas (LNG) to Europe have been disrupted by uncertainty over whether ships can discharge cargoes…
– Russian President Vladimir Putin said at the weekend that his nation’s nuclear forces should be put on high alert, raising fears that Russia’s invasion of Ukraine could lead to…
By Dmitry Zhdannikov and Julia Payne LONDON – Disruptions to Russian oil exports intensified on Wednesday with more countries and companies refusing to import and transport Russian crude and at…
The Ukrainian people have united and videos on social media show Ukrainian civilians creating thousands of homemade Molotov cocktails to greet invading Russian troops when they enter their towns and…
MOSCOW – Annual consumer inflation in Russia accelerated to 9.05% as of Feb. 25 from 8.84% a week earlier, the economy ministry said on Wednesday, climbing further above an official…