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…
Factbox-Corporate ties to Russia uprooted as sanctions tighten
– Companies have taken action to limit, put on hold or exit business activities in Russia following a wave of sanctions imposed after Moscow’s invasion of Ukraine. Below is a list of…
Russian cenbank says it carried no FX interventions on Monday due to sanctions
– The Russian central bank, which raised its key rate to 20% in an emergency move, did not carry out foreign currency interventions on Monday due to the latest Western sanctions, Central…
Putin calls West an ‘Empire of Lies’ after sanctions imposed
MOSCOW – Russian President Vladimir Putin called the West an “Empire of Lies” as he discussed the economy with top officials on Monday following the imposition of sweeping sanctions against Moscow, the…
U.S. officials: Sanctions likely to spike Russian inflation, hit purchasing power
WASHINGTON – Fierce economic sanctions imposed by the United States and its allies on Russia’s central bank and other key sources of wealth are likely to drive Russian inflation higher, cripple its…
BIS says won’t be avenue for Russia sanctions to be circumvented
LONDON – The Bank for International Settlements, the umbrella body for central banks worldwide, said on Monday it would not be an avenue for any circumvention of powerful Western sanctions put on…
Factbox-EU sanctions target Russia’s economy, elites and Putin himself
– The European Union has imposed several packages of sanctions on Russia for launching an “unprecedented and unprovoked military attack against Ukraine”, with some measures the bloc has never applied before and…
Russia to retaliate against sanctions on aviation industry, Kremlin says
MOSCOW – Moscow will retaliate against Western sanctions targeting Russia’s aviation industry over the invasion of Ukraine, Kremlin spokesperson Dmitry Peskov said on Monday. “The guiding principle will be reciprocity, and our…
SocGen and Renault shares slump after sanctions on Russia
PARIS – Shares in Societe Generale, the French bank that owns Russia’s Rosbank, and carmaker Renault slumped on Monday after Western nations imposed sanctions on Russia after its attack on Ukraine. SocGen…
Sanctions hit will see Russia economy contract 20% Q/Q in second quarter – JPMorgan
LONDON – Russia’s economy is expected to contract 20% in the second quarter and by around 3.5% for the full year following intensified sanctions, JPMorgan said on Monday. “If these new sanctions…
Goldman sees commodities rally on Russia-Ukraine crisis, sanctions
– Goldman Sachs expects a rise in the prices of commodities that Russia is a major producer of and lifted its short-term Brent crude forecast as the West stepped up political and…
U.S. banks prepare for cyber attacks after latest Russia sanctions
By Elizabeth Dilts Marshall WASHINGTON – U.S. banks are preparing for retaliatory cyber attacks after Western nations slapped a raft of stringent sanctions on Russia for invading Ukraine https://www.reuters.com/world/india/war-with-ukraine-putin-puts-nuclear-deterrence-forces-alert-2022-02-27, cyber experts and…
UK to press for more sanctions at G7 meeting, says foreign minister
LONDON – British foreign minister Liz Truss said on Sunday she would press for further measures against Russia, particularly in cutting off their oil and gas supplies, at a meeting with her…
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…
Factbox: EU sanctions target Russia’s economy, elites and Putin himself
– The European Union has imposed two packages of sanctions on Russia for launching an “unprecedented and unprovoked military attack against Ukraine”. Further sanctions, including the suspension of Russia’s access to the…
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…
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…
Japan considering imposing sanctions against Belarus
TOKYO – Japan is considering imposing economic sanctions on Belarus, in line with the United States, for its support of Russia’s invasion of Ukraine, two government officials with knowledge of the matter…
Canada imposes sanctions on Russia’s Putin -PM Trudeau
– Canada is imposing sanctions on Russian President Vladimir Putin and Foreign Minister Sergei Lavrov, Prime Minister Justin Trudeau said on Friday. Canada will also levy additional sanctions on Belarus and its…
White House Confirms Russian Sanctions Don’t Yet Affect Oil, Gas Exports
The White House confirmed that the administration’s sanctions targeting Russia don’t yet affect the country’s key oil and gas industry. “To be clear: Our sanctions are not designed to cause any disruption…
Serbia will not impose sanctions against Moscow, president says
BELGRADE – Serbia respects Ukraine’s territorial integrity and considers Russia’s military action against it to be “wrong,” but will not impose sanctions against Moscow, Serbian President Aleksandar Vucic said on Friday. Serbia,…
Forward prices slide with sanctions yet to hit Russian energy
PARIS – European forward power prices fell further on Friday, with sanctions against Russia for its invasion of Ukraine yet to have an immediate impact on energy supplies. [NG/EU][O/R] The price fall…
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…
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…
LME says some members may have positions subject to sanctions
LONDON – The London Metal Exchange (LME) on Friday ordered any of its members who have positions with individuals or entities subject to Russian sanctions not to make payments to them. The…
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…
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