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…
Dutch bank ING says $770 million in loans affected by Russian sanctions
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” by “new…
TV Producer For Russian Oligarch Charged With Violating Crimea-Related Sanctions
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 Investigation, announced…
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…
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…
Exclusive – Russian firms rush to open Chinese bank accounts as sanctions bite – sources
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, a person…
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…
EU Sanctions Dictatorship Supporting Russia’s Unprovoked Invasion
The European Union approved sweeping new sanctions on Wednesday against Belarus as it supports Russia’s unprovoked invasion of Ukraine. The sanctions target military personnel and other Belarusian officials whom the EU alleged…
White House Announces Fresh Sanctions That Target Russian Energy Sector ‘Over Time’
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 on U.S.…
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…
U.S. preparing further sanctions against Russian oligarchs -sources
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 the matter…
Factbox-Is Russia’s National Wealth Fund deep enough to counteract sanctions?
MOSCOW – Russia plans to tap its National Wealth Fund (NWF), a rainy day cushion, after it scrapped its borrowing plan this year amid Western sanctions and said it would spend up…
Oil, gas, wheat and aluminium jump as Russia sanctions bite
By Pratima Desai LONDON – Oil prices jumped to near eight-year highs and wheat to 14-year peaks, while aluminium, Dutch gas and European coal prices hit records as Western sanctions on Russia…
Explainer-Russian banks out in the cold as EU unveils SWIFT sanctions
By Tommy Wilkes and Huw Jones LONDON – The European Union is excluding seven Russian banks from the SWIFT messaging system that underpins global payment transactions as the West ratchets up sanctions…
Global banks eschew risk as they navigate Russia sanctions quagmire
By Michelle Price and Sumeet Chatterjee WASHINGTON/HONG KONG – Faced with an unprecedented level of sanctions on Russia, global banks are taking a dim view of business with all Russian entities and…
Russia’s Feb oil output rises, trading paralysed by sanctions
– Russia’s oil and gas condensate output rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax report on Wednesday, while trading has been…
Russian bonds trading volumes shrivel as sanctions bite
LONDON – Trading volumes in Russian bonds evaporated on Monday after Western nations stepped up sanctions in the wake of Moscow’s invasion of Ukraine, data from trading platform Marketaxess showed on Tuesday.…
Exclusive-Nord Stream 2 owner considers insolvency after pipeline halt, sanctions -sources
By Aziz El Yaakoubi and Shariq Khan -The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the…
Nord Stream 2 terminates contracts with employees following sanctions
MOSCOW – The operator of the Russia-led gas pipeline project Nord Stream 2 said on Tuesday it had to terminate contracts with employees because of U.S. sanctions. The United States imposed sanctions…
Russian oil tanker hit by U.S. sanctions heading to Malaysia
By Rozanna Latiff KUALA LUMPUR -A Russian-flagged ship targeted by U.S. sanctions and suspected of carrying Iranian oil is heading to Malaysia, shipping data showed on Monday, amid growing scrutiny of businesses…
Cummins says expects ‘some impact’ in Russia; Deere says to abide by sanctions
By Bianca Flowers – Cummins Inc. expects “some impact” to its business in Russia and is analyzing and preparing for current and anticipated sanctions, the U.S. truck engine maker said in an…
Banks talking with government for clarity on sanctions -Dimon
NEW YORK – Major banks are talking with government officials to be clear on how sanctions against Russia should work, JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Monday.…
Russian Currency Plummets After Invasion And Western Sanctions
The Russian ruble plummeted to a record low value Monday after Western countries announced sanctions on Russia as the nation’s invasion of Ukraine intensified, multiple sources reported. The ruble tumbled as much…
Rouble-crypto trading soars as sanctions hit Russian currency
By Tom Wilson LONDON – Trading volumes between the Russian rouble and the Tether cryptocurrency spiked sharply on Monday as the local currency tumbled to a record low on Western sanctions, data…
REPORT: Italy Scored ‘Gucci Loafers’ Carve-Out In Russian Sanctions
Italy allegedly managed to secure a carve-out of one of its biggest industries in the sanctions the European Union levied on Russia, The Telegraph reported Friday. “Italian prime minister Mario Draghi successfully…
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