US treasury secretary says Biden wants Russia out of G20
2 years, 8 months ago

US treasury secretary says Biden wants Russia out of G20

Al Jazeera  

Janet Yellen said Russian atrocities are an affront to global order that will have widespread economic repercussions. US Treasury Secretary Janet Yellen has warned that Russia’s aggression in Eastern Europe will have “enormous economic repercussions in Ukraine and beyond,” and that President Joe Biden wants Russia expelled from the Group of 20 major economies forum. “President Biden’s made it clear, and I certainly agree with him, that it cannot be business as usual for Russia in any of the financial institutions,” Yellen said. The comments come as the Biden administration announced a new round of sanctions, including against President Vladimir Putin’s two adult daughters and toughening penalties against Russian banks in retaliation for “war crimes” in Ukraine. Russia’s invasion, she added “including the atrocities committed against innocent Ukrainians in Bucha, are reprehensible, represent an unacceptable affront to the rules-based global order, and will have enormous economic repercussions for the world”, she told the committee.

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History of this topic

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war
1 month ago

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war

Associated Press  

WASHINGTON — Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday — in a move intended to curtail Russia’s ability to evade the thousands of sanctions imposed on the nation since the start of Russia’s invasion of Ukraine in February 2022. Treasury Secretary Janet Yellen said the sanctions targeting Russia’s largest remaining …

Trump won. Here are 3 Biden priorities under scrutiny
Trending News
1 month, 2 weeks ago

Trump won. Here are 3 Biden priorities under scrutiny

NPR  

Here are 3 Biden priorities under scrutiny toggle caption Drew Angerer/Getty Images President-elect Donald Trump said during his campaign that he wants to roll back a number of policies championed by his soon-to-be predecessor in the White House. "They would have to put it out for public comment, and they then would have to issue a final rule that survived …

Russia's adaptability to US sanctions stymied their effectiveness, economists say
2 months, 4 weeks ago

Russia's adaptability to US sanctions stymied their effectiveness, economists say

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

US expands Russia sanctions, targeting entities in China, UAE and Turkey
6 months, 1 week ago

US expands Russia sanctions, targeting entities in China, UAE and Turkey

Al Jazeera  

Washington’s latest sanctions announcement comes as US President Joe Biden attends the G7 summit in Italy. The United States has rolled out new sanctions against more than 300 individuals and firms accused of aiding Russia’s war effort in Ukraine, including entities in China, South Africa, the United Arab Emirates and Turkey. In remarks carried by Russia’s state-run TASS news agency, …

US Treasury official visits Ukraine to discuss sanctions on Moscow and seizing Russian assets
6 months, 3 weeks ago

US Treasury official visits Ukraine to discuss sanctions on Moscow and seizing Russian assets

Associated Press  

WASHINGTON — A senior U.S. Treasury official has met with Ukrainian officials in Kyiv to discuss U.S. financial support, enforcing sanctions on Russia and using frozen Russian assets for Ukraine’s benefit in the war with Moscow. The visit this week by Deputy Secretary Wally Adeyemo came as Russia gains territory after a lengthy delay in U.S. military aid left Ukraine …

Yellen says US, Europe must respond jointly to China's industrial overcapacity
7 months ago

Yellen says US, Europe must respond jointly to China's industrial overcapacity

The Hindu  

U.S. Treasury Secretary Janet Yellen said on May 21 that the United States and Europe needed to respond to China's industrial policies in a "strategic and united way" to keep manufacturers viable on both sides of the Atlantic. In remarks on the importance of the U.S.-European alliance in Frankfurt, Ms. Yellen said China's excess industrial capacity threatened both American and …

US has not asked India to reduce Russian oil imports: Officials
8 months, 2 weeks ago

US has not asked India to reduce Russian oil imports: Officials

Hindustan Times  

NEW DELHI: The US has not asked India to reduce its imports of Russian oil and the price cap and sanctions regime imposed by the G7 are aimed at squeezing Moscow’s profits from crude sales and impeding its ability to finance the war in Ukraine, two US officials said on Thursday. Russian oil is priced above $60 a barrel The …

Ukrainian ministers ‘optimistic’ about securing US aid, call for repossession of Russian assets
9 months, 1 week ago

Ukrainian ministers ‘optimistic’ about securing US aid, call for repossession of Russian assets

Associated Press  

WASHINGTON — A pair of Ukrainian justice ministers in Washington this week urged U.S. lawmakers to put aside domestic political disputes and find a way to continue supporting Ukraine in its defense against Russia. “We really hope the U.S. is going to be a champion in terms of confiscation of Russia’s sovereign assets and leading other countries,” Maliuska said, adding …

Yellen urges world leaders to ‘unlock’ frozen Russian Central Bank assets and send them to Ukraine
9 months, 3 weeks ago

Yellen urges world leaders to ‘unlock’ frozen Russian Central Bank assets and send them to Ukraine

LA Times  

Treasury Secretary Janet L. Yellen has offered her strongest public support yet for unfreezing about $300 billion in Russian Central Bank assets to help rebuild Ukraine. Treasury Secretary Janet L. Yellen has offered her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraine‘s long-term reconstruction. “It …

Yellen urges world leaders to ’unlock’ frozen Russian Central Bank assets and send them to Ukraine
9 months, 3 weeks ago

Yellen urges world leaders to ’unlock’ frozen Russian Central Bank assets and send them to Ukraine

Live Mint  

WASHINGTON — Treasury Secretary Janet Yellen on Tuesday offered her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraine's long-term reconstruction. “It is necessary and urgent for our coalition to find a way to unlock the value of these immobilized assets to support Ukraine’s continued resistance …

Yellen urges world leaders to ‘unlock’ frozen Russian Central Bank assets and send them to Ukraine
9 months, 3 weeks ago

Yellen urges world leaders to ‘unlock’ frozen Russian Central Bank assets and send them to Ukraine

Associated Press  

WASHINGTON — Treasury Secretary Janet Yellen on Tuesday offered her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraine’s long-term reconstruction. “It is necessary and urgent for our coalition to find a way to unlock the value of these immobilized assets to support Ukraine’s continued resistance …

After EU, US slaps Russia with 500 new sanctions over Ukraine invasion and Navalny's death
10 months ago

After EU, US slaps Russia with 500 new sanctions over Ukraine invasion and Navalny's death

Hindustan Times  

US President Joe Biden on Friday announced sanctions on more than 500 targets in Russia on the second anniversary of the Ukraine invasion, vowing sustained pressure to stop President Vladimir Putin's "war machine." Biden said that the more than 500 sanctions, expected to be unveiled later in the day, will target "individuals connected to Navalny's imprisonment as well as Russia's …

U.S. Piles New Sanctions On Russia For Ukraine War's 2nd Anniversary, Navalny's Death
10 months ago

U.S. Piles New Sanctions On Russia For Ukraine War's 2nd Anniversary, Navalny's Death

Huff Post  

LOADING ERROR LOADING WASHINGTON — The United States and the European Union are piling new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The U.S. Treasury Department plans Friday to impose more than 500 …

US and EU pile new sanctions on Russia for the Ukraine war’s 2nd anniversary and Navalny’s death
10 months ago

US and EU pile new sanctions on Russia for the Ukraine war’s 2nd anniversary and Navalny’s death

Associated Press  

WASHINGTON — The United States and European Union on Friday heaped hundreds of new sanctions on Russia in connection with the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The U.S. government imposed roughly 600 new sanctions on Russia and its war …

Biden announces over 500 new sanctions for Russia's war in Ukraine and Navalny death
10 months ago

Biden announces over 500 new sanctions for Russia's war in Ukraine and Navalny death

NPR  

Biden announces over 500 new sanctions for Russia's war in Ukraine and Navalny death Enlarge this image toggle caption Sergey Guneev, Sputnik, Kremlin Pool Photo/AP Sergey Guneev, Sputnik, Kremlin Pool Photo/AP The United States is imposing sanctions on more than 500 targets connected to Russia's war machine and the death of Russian opposition leader Alexei Navalny, the government said Friday. …

U.S., EU add sanctions on Russia for Ukraine war, Navalny’s death
10 months ago

U.S., EU add sanctions on Russia for Ukraine war, Navalny’s death

LA Times  

The United States and the European Union are piling new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The 27-nation bloc also said that it was targeting scores of Russian officials, including “members of …

US to impose sanctions on 500 targets in Russia to mark Ukraine war anniversary
10 months ago

US to impose sanctions on 500 targets in Russia to mark Ukraine war anniversary

India Today  

The United States will impose sanctions on over 500 targets on Friday in action marking the second anniversary of Russia's invasion of Ukraine, Deputy US Treasury Secretary Wally Adeyemo told Reuters in an interview on Thursday. The package will be the latest of thousands of sanctions targeting Moscow announced by the United States and its allies following Russia's 2022 invasion …

Biden ‘will be happy’ to impose major sanctions on Russia for 'what it's done' to Navalny, Ukraine
10 months ago

Biden ‘will be happy’ to impose major sanctions on Russia for 'what it's done' to Navalny, Ukraine

Hindustan Times  

The United States will announce a significant set of sanctions on Russia on Friday in response to the death of Kremlin leader Vladimir Putin's critic Alexei Navalny and renewed Russian offensive in eastern Ukraine. Meanwhile, White House National Security Council spokesman John Kirby also talked about the sanctions plan, asserting "it’s clear that President Putin and his government are responsible …

US to impose ‘major sanctions’ on Russia over Navalny death, Ukraine war
10 months ago

US to impose ‘major sanctions’ on Russia over Navalny death, Ukraine war

Al Jazeera  

Biden does not give details of measures to be announced on Friday ahead of second anniversary of Russian invasion. National Security Council spokesperson John Kirby said that the “major sanctions package” would hold Russia “accountable” for what happened to Navalny and respond to the “vicious and brutal war that has now raged on for two years”. The new sanctions will …

US vows ‘major sanctions’ on Russia over Alexei Navalny's death
10 months ago

US vows ‘major sanctions’ on Russia over Alexei Navalny's death

Hindustan Times  

The White House says it is preparing additional “major sanctions” on Russia in response to opposition leader Alexei Navalny's death in an Arctic penal colony. National Security Adviser Jake Sullivan said the sanctions, on the eve of the two-year anniversary of Russia’s invasion of Ukraine, “will be a substantial package covering a range of different elements of the Russian defense …

Biden signs an executive order aimed at financial facilitators of the Russian defense industry
1 year ago

Biden signs an executive order aimed at financial facilitators of the Russian defense industry

Associated Press  

WASHINGTON — President Joe Biden signed an executive order Friday giving the U.S. Treasury Department the authority to target financial institutions that facilitate Russia’s efforts to bolster its defense industry. “And we will not hesitate to use the new tools provided by this authority to take decisive, and surgical, action against financial institutions that facilitate the supply of Russia’s war …

The US sanctions more foreign firms in a bid to choke off Russia’s supplies for its war in Ukraine
1 year, 1 month ago

The US sanctions more foreign firms in a bid to choke off Russia’s supplies for its war in Ukraine

Associated Press  

WASHINGTON — The United States on Thursday imposed a new round of sanctions on 130 firms and people from Turkey, China and the United Arab Emirates in an effort to choke off Russia’s access to tools and equipment that support its invasion of Ukraine. The sanctions imposed by the Treasury Department’s Office of Foreign Assets Control target third-party firms and …

U.S. sanctions more foreign firms in bid to choke off Russia’s supplies in Ukraine
1 year, 1 month ago

U.S. sanctions more foreign firms in bid to choke off Russia’s supplies in Ukraine

LA Times  

The United States on Thursday imposed a new round of sanctions on 130 firms and people from Turkey, China and the United Arab Emirates in an effort to choke off Russia’s access to tools and equipment that support its invasion of Ukraine. The sanctions imposed by the Treasury Department’s Office of Foreign Assets Control target third-party firms and people alleged …

Russia is ‘weaponising’ food, energy and children in war on Ukraine, Zelensky tells UN
1 year, 3 months ago

Russia is ‘weaponising’ food, energy and children in war on Ukraine, Zelensky tells UN

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Russia is weaponising food, energy …

War sanctions against Russia highlight growing divisions among the Group of 20 countries
1 year, 3 months ago

War sanctions against Russia highlight growing divisions among the Group of 20 countries

Associated Press  

WASHINGTON — Treasury Secretary Janet Yellen is facing growing skepticism from some leading rich and developing nations as the residual impact of sanctions against Russia is deepening divisions among the Group of 20 countries. The Treasury Department said Yellen’s four-day trip will highlight “the importance of imposing severe costs on Russia and mitigating global spillovers.” Yellen will stress the consequences …

June 25, 2023 Russia-Ukraine news
1 year, 5 months ago

June 25, 2023 Russia-Ukraine news

CNN  

Russia is exporting as much oil now as it did before its full-scale invasion of Ukraine. That’s what it nearly got this weekend as disaffected Russian mercenaries marched toward Moscow, drawing a stark warning from President Vladimir Putin that the country was on the brink of a 1917-style “civil war.” The armed insurrection has been defused — for now — …

June 25, 2023 Russia-Ukraine news
1 year, 5 months ago

June 25, 2023 Russia-Ukraine news

CNN  

Russia is exporting as much oil now as it did before its full-scale invasion of Ukraine. That’s what it nearly got this weekend as disaffected Russian mercenaries marched toward Moscow, drawing a stark warning from President Vladimir Putin that the country was on the brink of a 1917-style “civil war.” The armed insurrection has been defused — for now — …

Britain says Russia will ‘pay the price’ for Ukraine invasion as fresh wave of sanctions unveiled
1 year, 7 months ago

Britain says Russia will ‘pay the price’ for Ukraine invasion as fresh wave of sanctions unveiled

The Independent  

Rishi Sunak has issued a warning to Vladimir Putin that he and other Western leaders are “not going away”, at the start of the G7 summit in Japan. The prime minister said Russia’s president must understand that Western allies of Ukraine are “steadfast” in their support for the country’s resistance against his invasion. The prime minister said Russia will “pay …

Here come more sanctions: How effective are they are stopping Russia’s invasion of Ukraine?
1 year, 7 months ago

Here come more sanctions: How effective are they are stopping Russia’s invasion of Ukraine?

Associated Press  

WASHINGTON — The U.S. and other Group of Seven nations rolled out a new wave of global sanctions against Russia over its invasion of Ukraine as they met Friday during a summit in Japan. Treasury Secretary Janet Yellen said the newest sanctions will tighten the grip on Russian President Vladimir Putin’s “ability to wage his barbaric invasion and will advance …

US sanction officials plan missions to clamp down on Russia
1 year, 8 months ago

US sanction officials plan missions to clamp down on Russia

Associated Press  

WASHINGTON — Top sanctions officials from the U.S. Treasury Department plan special international trips this month to pressure firms and countries still doing business with Russia to cut off financial ties because of the war on Ukraine. Treasury officials Liz Rosenberg and Brian Nelson — specialists in sanctions and terrorist financing — will travel to Europe this month to meet …

Russia’s economy holds up, but growing challenges test Putin
1 year, 9 months ago

Russia’s economy holds up, but growing challenges test Putin

Associated Press  

Western sanctions have hit Russian banks, wealthy individuals and technology imports. Economists say sanctions on Russian fossil fuels only now taking full effect — such as a price cap on oil — should eat into earnings that fund the military’s attacks on Ukraine. “We have had even worse periods of time in history, and we coped,” he said, but added …

Biden unveils new Ukraine weapons package, Russia sanctions
1 year, 9 months ago

Biden unveils new Ukraine weapons package, Russia sanctions

Associated Press  

WASHINGTON — The Biden administration declared its Ukraine solidarity with fresh action as well as strong words on Friday, piling sweeping new sanctions on Moscow and approving a new $2 billion weapons package to re-arm Kyiv a year after Russia’s invasion. “Difficult times may lie ahead, but let us remain clear-eyed about what is at stake in Ukraine,” U.S. Defense …

Russian Economy in Good Shape Despite Sanctions, Says US Treasury Secy Yellen
1 year, 9 months ago

Russian Economy in Good Shape Despite Sanctions, Says US Treasury Secy Yellen

News 18  

US treasury secretary Janet Yellen on Thursday said the US wants to see more effective and tougher sanctions on Russia during a meeting of G20 finance ministers and central bank governors under India’s presidency in Bengaluru. “While by some measures the Russian economy has held up better than might initially have been expected, Russia’s now running a significant budget deficit.,” …

Spill over of macroeconomic tightening of major economies, debt overhang need to be addressed: Janet Yellen
1 year, 10 months ago

Spill over of macroeconomic tightening of major economies, debt overhang need to be addressed: Janet Yellen

Live Mint  

War, debt and economics are set to dominate G20 leaders’ discussions over the next two days. US Treasury Secretary Janet Yellen on Thursday flagged the need for tackling challenges like the spill over effects of macroeconomic tightening in major economies to the rest of the world and the debt distress in vulnerable countries like Zambia and Sri Lanka, ahead of …

Putin's war a strategic failure for Kremlin, says U.S. Treasury Secretary Janet Yellen
1 year, 10 months ago

Putin's war a strategic failure for Kremlin, says U.S. Treasury Secretary Janet Yellen

The Hindu  

The U.S. Treasury Secretary Janet L. Yellen, on Thursday, said continued and robust support for Ukraine would be a major topic of discussion during her two-day visit to India. “I’m looking forward to a productive set of meetings in Bengaluru over the next couple of days,’‘ the Treasury Secretary said. $10 billion additional aid In the coming months, the U.S. …

Opinion: ‘A diplomatic charade.’ An eye-opening account of US negotiations with Russia
1 year, 10 months ago

Opinion: ‘A diplomatic charade.’ An eye-opening account of US negotiations with Russia

CNN  

Editor’s Note: John J. Sullivan was US Ambassador to Russia from December 2019 to October 2022. CNN — Almost exactly one year ago, I sat in my office at the US Embassy in Moscow, reading reports of Russia’s brutal military assault on Ukraine. Saul Loeb/AFP/Getty Images Immediately, our engagement was reduced to the grave Russian threat to Ukraine and the …

US slaps sanctions on Russian naval entities, asks latter to end 'brutal campaign' against Ukraine
2 years ago

US slaps sanctions on Russian naval entities, asks latter to end 'brutal campaign' against Ukraine

India TV News  

The US, on Thursday, sanctioned 10 Russian naval entities. Asking Russia to end its 'brutal campaign' against Ukraine, US Secretary of State Antony Blinken said, "These accountability measures underscore a simple message, the Kremlin must end its brutal campaign against Ukraine." In the wake of Russian naval operations against Ukrainian ports, including those that are providing much-needed food and grain …

Yellen announces new US sanctions on Russian military networks
2 years, 1 month ago

Yellen announces new US sanctions on Russian military networks

Al Jazeera  

United States Treasury Secretary says ending war in Ukraine is ‘single best thing’ to help global economy. United States Treasury Secretary Janet Yellen has announced new US sanctions targeting networks accused of supplying military technology for Russia’s war in Ukraine. Ukrainian President Volodymyr Zelenskyy said last week he was open to “genuine” peace talks with Russia but only if such …

U.S. sanctions non-Russians linked to military suppliers
2 years, 1 month ago

U.S. sanctions non-Russians linked to military suppliers

LA Times  

The Department of the Treasury’s seal outside the Treasury Department building in Washington on May 4, 2021. The U.S. said Monday it was imposing sanctions on a list of people and firms around the globe that it alleged are involved in supporting Russia’s military as it wages war on Ukraine. He said the U.S. “will continue to crack down on …

U.S. not trying to sign up new countries to G7 oil price cap, says Yellen
2 years, 2 months ago

U.S. not trying to sign up new countries to G7 oil price cap, says Yellen

The Hindu  

U.S. Treasury Secretary Janet Yellen has said that there is no attempt to sign up countries to a price cap on Russian oil that is in the process of being implemented by a coalition of the Group of Seven advanced economies, the European Union and Australia. “And what we really need in the rest of the world is simply for …

Editor’s Note
2 years, 2 months ago

Editor’s Note

The Hindu  

Published : Oct 06, 2022 09:55 IST As Vladimir Putin announced in the Kremlin that Russia had taken control of four east Ukrainian regions, the West reacted with expected fury. The “globalisation” that makes everyone ecstatic when it comes to trade also means that the fallout of such a prolonged war cannot remain contained. The grinding sanctions imposed by the …

Allies aim for risky Russian oil price cap as winter nears
2 years, 2 months ago

Allies aim for risky Russian oil price cap as winter nears

Associated Press  

WASHINGTON — U.S. officials celebrated in early September when top allies agreed to back an audacious, never-before-tried plan to clamp down on Vladimir Putin’s access to cash as he wages war on Ukraine. And while the U.S. and European countries have levied thousands of financial and diplomatic sanctions on Russia, including recently announced penalties, Treasury leaders say a price cap …

Repercussions of Putin annexing Ukrainian regions: Harder sanctions on Russia from US
2 years, 2 months ago

Repercussions of Putin annexing Ukrainian regions: Harder sanctions on Russia from US

India TV News  

The U.S. on Friday sanctioned more than 1,000 people and firms connected to Russia's invasion of Ukraine, including its Central Bank governor and families of Security Council members, after President Vladimir Putin signed treaties absorbing occupied regions of Ukraine into Russia, in defiance of international law. He said the new financial penalties will impose costs on people and companies inside …

Zelenskyy aide: Ukraine needs funds, expand Russia sanctions
2 years, 3 months ago

Zelenskyy aide: Ukraine needs funds, expand Russia sanctions

Associated Press  

BERLIN — In addition to the human cost of the war, Ukraine’s efforts to defend itself from Russia are placing a severe financial burden on the country that it can only bear with the help of outside support, a top Ukrainian government economist said Thursday. The speed of victory, however, will depend in large part on the pressure that Ukraine’s …

Biden: Russia’s Ukraine abuses ‘make your blood run cold’
2 years, 3 months ago

Biden: Russia’s Ukraine abuses ‘make your blood run cold’

Associated Press  

UNITED NATIONS — President Joe Biden declared at the United Nations on Wednesday that Russia has “shamelessly violated the core tenets” of the international body with its war in Ukraine as he summoned nations around the globe to stand firm in backing the Ukrainian resistance. Delivering a forceful condemnation of Russia’s seven-month invasion, Biden said reports of Russian abuses against …

Opinion: Putin’s nuclear threats confront the world with an urgent choice
2 years, 3 months ago

Opinion: Putin’s nuclear threats confront the world with an urgent choice

CNN  

Editor’s Note: David A. Andelman, a contributor to CNN, twice winner of the Deadline Club Award, is a chevalier of the French Legion of Honor, author of “A Red Line in the Sand: Diplomacy, Strategy, and the History of Wars That Might Still Happen” and blogs at Andelman Unleashed. CNN — Russian President Vladimir Putin has – with one stroke …

Putin threatens to stop European energy exports if price cap on gas is enforced
2 years, 3 months ago

Putin threatens to stop European energy exports if price cap on gas is enforced

Live Mint  

Russian President Vladimir Putin threatened to halt all energy shipments to Europe if Brussels goes ahead with a proposal to cap the price of Russian gas and suggested restricting a U.N.-brokered deal for Ukrainian grain exports via the Black Sea. Ukraine remained guarded about its counter-offensive in the east but its top general warned Russia could turn to nuclear weapons …

Putin: Russia may halt energy exports if West caps prices
2 years, 3 months ago

Putin: Russia may halt energy exports if West caps prices

Associated Press  

MOSCOW — Russian President Vladimir Putin on Wednesday threatened to completely cut energy supplies to the West if it tries to cap prices of Russian exports. Speaking at an annual economic forum in the far-eastern port city of Vladivostok, Putin scoffed at the EU plans for a cap on Russian oil and gas prices as a “stupid” idea that “will …

EU wants price cap on Russian gas, energy companies to pay
2 years, 3 months ago

EU wants price cap on Russian gas, energy companies to pay

Associated Press  

BRUSSELS — European Union countries should set a price cap on Russian natural gas and seek a “solidarity contribution” from European oil and gas companies making extraordinary profits as the war in Ukraine drives up energy costs, European Commission President Ursula von der Leyen said Wednesday. “We are facing an extraordinary situation, because Russia is an unreliable supplier but also …

Russia’s war at 6 months: A global economy in growing danger
2 years, 4 months ago

Russia’s war at 6 months: A global economy in growing danger

Associated Press  

MECKENHEIM, Germany — Martin Kopf needs natural gas to run his family’s company, Zinkpower GmbH, which rustproofs steel components in western Germany. Russia’s war led the International Monetary Fund last month to downgrade its outlook for the global economy for the fourth time in under a year. “The world may soon be teetering on the edge of a global recession, …

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