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…
New Russian airliner will use domestic engines, given sanctions – official
(Reuters) – One of Russia’s flagship airliner projects, the Irkut MS-21, will use domestic engines given that sanctions mean U.S. models are no longer available, the RIA news agency cited a senior…
Exclusive-Venezuela’s PDVSA seeks oil tankers in anticipation of U.S. sanctions easing
By Mircely Guanipa and Marianna Parraga CARACAS/HOUSTON – Venezuela’s state-run energy firm PDVSA is in talks to buy and lease several oil tankers amid a possible expansion in exports, according to three…
IMF warns Russia sanctions threaten to chip away at dollar dominance – FT
(Reuters) – Financial sanctions imposed on Russia threaten to gradually dilute the dominance of the U.S. dollar and could result in a more fragmented international monetary system, Gita Gopinath, IMF’s First Deputy…
G7 must act quicker on closing digital loophole vs sanctions – BOJ official
By Leika Kihara and Takahiko Wada TOKYO – G7 policymakers must speed up creation of a common framework to regulate digital currencies, as the Ukraine war heightens the need to avoid them…
U.S. looking at options for more sanctions on Russia over Ukraine -White House
WASHINGTON – The United States is looking at options to expand sanctions to impose on Russia over its invasion of Ukraine and will have more to say about it in the coming…
Analysis-As sanctions ‘weaponize’ US dollar, some Treasury buyers could fall back
By Karen Brettell (Reuters) – U.S. sanctions against Russia should hasten a move by some countries to reduce their reliance on the U.S. dollar, which could also soften demand for Treasuries just…
Ukraine’s Zelenskiy says tougher Russian sanctions needed quickly
By Maria Starkova and Ronald Popeski (Reuters) – Ukrainian President Volodymyr Zelenskiy on Monday urged Western nations to toughen sanctions quickly against Russia, including an oil embargo, to stop Moscow having a…
Japan to revise foreign exchange law to end crypto loophole for sanctions on Russia
By Kantaro Komiya TOKYO – Japan will revise its foreign exchange law to prevent Russia from evading Western financial sanctions following Moscow’s invasion of Ukraine through cryptocurrency assets, top government officials said…
Fitch withdraws Russia’s ratings to comply with EU sanctions
– Fitch said on Friday it has withdrawn Russia’s ratings to comply with European Union sanctions, after the rating agency downgraded the country’s rating to “junk” territory earlier this month. Aggressive sanctions…
Neutral Swiss adopt more EU sanctions against Russia
ZURICH – Neutral Switzerland had adopted more European Union sanctions against Russia for invading Ukraine, the cabinet said on Friday, keeping the country in line with EU measures it has decided to…
Google urges judge hearing U.S. antitrust lawsuit to reject sanctions request
WASHINGTON – Alphabet’s Google urged a judge hearing a U.S. antitrust case against it to reject the Justice Department’s request that it be sanctioned, saying it had not abused attorney-client privilege. The…
Bombardier has cancelled plane orders due to Russian sanctions -CEO
MONTREAL – Bombardier has cancelled plane orders because of Western nation’s sanctions on Russia but the situation is manageable due to strong demand for business jets overall, Chief Executive Officer Eric Martel…
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…
Sanctions hit trade harder than Soviet collapse, Finnish customs says
By Anne Kauranen HELSINKI – The initial impact of the European Union’s sanctions against Moscow following its invasion of Ukraine has led to a greater drop in trade between Finland and Russia…
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…
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…
ECB warns crypto firms against sanctions busting
FRANKFURT – Cryptocurrencies are being used to avoid sanctions levied against some Russian individuals and the European Central Bank has warned firms in that industry against becoming “accomplices” in that crime, ECB…
Wary of Western sanctions, Turkey’s banks resist Russian customers -sources
By Ebru Tuncay and Orhan Coskun ISTANBUL -Russians newly arrived in Turkey are struggling to make deposits and transfers at banks that are taking a careful and sceptical approach for fear of…
Russia’s Sberbank says sanctions limiting some forex transfers in Russia and abroad
– Russia’s largest lender Sberbank on Friday said sanctions on its operations meant its customers would be unable to transfer funds in certain foreign currencies to accounts at other banks, both in…
U.S. imposes sanctions over illicit exports of gold from Congo
WASHINGTON -The United States on Thursday imposed sanctions on Belgian businessman Alain Goetz and a network of companies tied to him that it accused of being involved in the illicit movement of…
Australia sanctions Russian billionaires with mining industry links
SYDNEY – Australia imposed sanctions on Friday on two Russian oligarchs with links to its mining industry, one of them a billionaire with an investment connection to Rio Tinto’s Gladstone alumina refinery…
U.S. trade chief seeks to mitigate impacts from Russia sanctions on U.S
By Paul Lienert BAY CITY, Mich. – Western sanctions and other actions to punish Russia over its invasion of Ukraine will impose costs on the United States and its allies, and policymakers…
General Dynamics’ jet maintenance unit to take hit from Western sanctions
– General Dynamics Corp said its jet aviation business is likely to be impacted by Western sanctions on Moscow over its invasion of Ukraine, the weapons maker said at the J.P. Morgan…
Zelenskiy calls on U.S. Congress for more Russia sanctions, defense aid
WASHINGTON – Ukrainian President Volodymyr Zelenskiy called on the U.S. Congress on Wednesday for further military assistance to help protect the skies over Ukraine and for further sanctions against Russia including the…
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