G-7 expected to adopt fresh sanctions against Russia
2 years, 5 months ago

G-7 expected to adopt fresh sanctions against Russia

Live Mint  

TELFS-BUCHEN : The Group of Seven leaders are expected to agree to start work on a mechanism to cap the purchase price of Russian oil, with the U.S. also announcing a new round of military aid for Ukraine and sanctions against Moscow, Biden administration officials said Monday. Leaders will direct relevant ministers in their countries to work on the details of Russian oil caps, which would create a buyers’ cartel of Western nations and their allies, the official said. The new batch of sanctions expected to be agreed this week would target Russian individuals accused of war crimes and human-rights abuses, including those responsible for blocking Kyiv grain exports, the U.S. official said. Further, the U.S. will impose blocking sanctions on private military companies operating in Ukraine and Russian military units “that have been credibly implicated in human rights abuses or violations of international humanitarian law in Ukraine," the document stated, as well as Russian officials, including mayors and ministers, installed in contested cities.

Ukraine Russia Oil Sanctions Price Official Russian Cap Russian Oil  sanctions  officials  price  official  russian  fresh  expected  cap  ukraine  g7  oil  shipments  russia  adopt

History of this topic

EU slaps sanctions on dozens more Russian officials and targets its shadow oil and gas fleet
1 week, 1 day ago

EU slaps sanctions on dozens more Russian officials and targets its shadow oil and gas fleet

Associated Press  

BRUSSELS — The European Union on Monday imposed fresh sanctions on dozens of officials linked to Russia’s war on Ukraine, including two top North Korean defense officials, a military unit blamed for an attack on a Kyiv children’s hospital and the heads of companies in the energy sector. Russia’s vast shadow fleet of ships that Moscow is exploiting to skirt …

Russia signs $13bn-a-year oil deal with India in blow to Western sanctions
1 week, 5 days ago

Russia signs $13bn-a-year oil deal with India in blow to Western sanctions

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 Russian state-owned oil firm Rosneft …

EU targets Russia’s ghost fleet shipping oil in a new round of sanctions
Trending News
1 week, 6 days ago

EU targets Russia’s ghost fleet shipping oil in a new round of sanctions

Associated Press  

BRUSSELS — European Union envoys have agreed a new raft of sanctions against Russia over its war on Ukraine, targeting in particular a vast shadow fleet of ships that Moscow is exploiting to skirt restrictions on transporting oil and fuel, the EU’s Hungarian presidency said on Wednesday. The sanctions are aimed at about 50 of what are routinely decrepit ships …

US Considers New Russia Oil Sanctions to Weaken Putin Ahead of Trump
1 week, 6 days ago

US Considers New Russia Oil Sanctions to Weaken Putin Ahead of Trump

Deccan Chronicle  

The Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine just weeks before Donald Trump returns to the White House.Details of the possible new measures were still being worked out, but President Joe Biden’s team was considering restrictions that might target some Russian oil exports, according to …

EU shares with India inputs on Indian entities making supplies to Russia in 'violation' of G7 sanctions
2 weeks ago

EU shares with India inputs on Indian entities making supplies to Russia in 'violation' of G7 sanctions

Hindustan Times  

New Delhi, The European Union has provided India with inputs on the alleged involvement of certain Indian entities in supplying "high priority" goods with possible military application to Russia in violation of Western sanctions, people familiar with the development said. EU shares with India inputs on Indian entities making supplies to Russia in 'violation' of G7 sanctions EU Sanctions Envoy …

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 …

U.K. sanctions ten ships from Russia’s ‘shadow fleet’
3 months, 1 week ago

U.K. sanctions ten ships from Russia’s ‘shadow fleet’

The Hindu  

The U.K. government, on Wednesday, announced sanctions on a “shadow fleet” of ten Russian oil tankers that it has alleged were circumventing Western oil sanctions. The European Union and Group of Seven countries, including the U.K., are among those who have participated in U.S.-led sanctions on Russian oil, with petroleum being a critical source of funding for Russia’s war with …

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, …

David Cameron calls on Europe to turn off Russian gas to save Ukraine
6 months, 2 weeks ago

David Cameron calls on Europe to turn off Russian gas to save Ukraine

The Telegraph  

The bloc was responsible for importing up to half of Moscow’s LNG with Spain and France being the second and third largest buyers behind China. Lord Cameron also confirmed that Britain would hand Ukraine at least £3 billion in military support “next year and every year in the future for as long as it takes until Putin is defeated”. Rebuild …

G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets
6 months, 4 weeks ago

G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets

Associated Press  

FRANKFURT, Germany — Finance officials from the Group of Seven rich democracies said they had moved toward agreement on a U.S. proposal to squeeze more money for Ukraine from Russian assets frozen in their countries. “We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilized Russian sovereign assets to the benefit …

US pushes for Ukraine aid, united front against China's trade practices at G7 finance meeting
7 months ago

US pushes for Ukraine aid, united front against China's trade practices at G7 finance meeting

Associated Press  

FRANKFURT, Germany — The U.S. sought to build support for squeezing more money for Ukraine out of frozen Russian assets and for uniting against China’s trade practices as finance ministers from the Group of Seven rich democracies opened a two-day meeting on Friday on the shores of northern Italy’s scenic Lago Maggiore. AP AUDIO: US pushes for Ukraine aid, united …

New Russia sanctions target weapons development and countries assisting in sanctions evasion
7 months, 3 weeks ago

New Russia sanctions target weapons development and countries assisting in sanctions evasion

Live Mint  

WASHINGTON — The U.S. on Wednesday imposed new sanctions on hundreds of firms and people tied to Russia's weapons development program, more than a dozen Chinese firms accused of helping Russia find workarounds to sanctions and individuals tied to the death of Russian dissident Alexey Navalny. The sanctions imposed by the Treasury and State departments target Russia’s military-industrial base, chemical …

G7 ministers eye targeted sanctions on Iran and a message of restraint for Israel at Italy meeting
8 months, 1 week ago

G7 ministers eye targeted sanctions on Iran and a message of restraint for Israel at Italy meeting

Associated Press  

CAPRI, Italy — Group of Seven foreign ministers are meeting on the Italian resort island of Capri, with the agenda topped by calls Wednesday for targeted new sanctions against Iran over its attack against Israel and more aid to Ukraine to fight Russia’s war. Italian Foreign Minister Antonio Tajani told The Associated Press on Wednesday that Italy supported targeted new …

US, G-7 allies warn Iran to back off deal to provide Russia ballistic missiles or face new sanctions
9 months, 1 week ago

US, G-7 allies warn Iran to back off deal to provide Russia ballistic missiles or face new sanctions

Associated Press  

WASHINGTON — The United States and allies warned Iran on Friday that major Western economies will pile new sanctions on Tehran if it moves forward with an advancing plan to provide ballistic missiles to Russia for its war with Ukraine. The official, who was not authorized to comment and insisted on anonymity, declined to preview other sanctions that the U.S. …

So many sanctions on Russia. How much impact do they really have?
10 months ago

So many sanctions on Russia. How much impact do they really have?

Associated Press  

WASHINGTON — So many sanctions. Many of the new sanctions target Russian firms that contribute to the Kremlin’s war effort — everything from drone and industrial chemical manufacturers to machine tool importers. The Group of Seven allies in December 2022 imposed a $60 per barrel price cap on Russian oil, hoping to limit Russia’s revenues from fossil fuels. Treasury Deputy …

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 …

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 …

EU agrees on new sanctions against Russia days before the second anniversary of the war in Ukraine
10 months ago

EU agrees on new sanctions against Russia days before the second anniversary of the war in Ukraine

Associated Press  

BRUSSELS — European Union countries on Wednesday agreed on a new package of sanctions against Russia to target individuals and businesses suspected of assisting Moscow in its war against Ukraine, including Chinese companies. The decision coincides with the second anniversary of Russia’s full-scale invasion, which began on Feb. 24, 2022, and comes days after the death of Russian opposition leader …

EU approves new sanctions against Russia over Ukraine war
10 months ago

EU approves new sanctions against Russia over Ukraine war

Al Jazeera  

Bloc officials say 200 people and entities have been added to the sanctions list, bringing the total to 2,000. European Union members have approved a 13th package of sanctions against Russia over its war in Ukraine, banning nearly 200 additional entities and individuals accused of involvement in the two-year conflict. “EU Ambassadors just agreed in principle on a 13th package …

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 …

U.S. imposes more Russian oil price cap sanctions and issues new compliance rules for shippers
1 year ago

U.S. imposes more Russian oil price cap sanctions and issues new compliance rules for shippers

Associated Press  

WASHINGTON — The U.S. imposed new sanctions on alleged violators of a $60 per barrel price cap on Russian oil and tightened compliance rules for insurance firms and shippers, Wednesday. Also sanctioned were Hong Kong-based Covart Energy, which has increased its share of the trade of Russian oil since the price cap policy was implemented, and Hong Kong-based Bellatrix Energy. …

Sanctions on Russian oil have failed. Were they ever meant to succeed?
1 year ago

Sanctions on Russian oil have failed. Were they ever meant to succeed?

Al Jazeera  

Last December, the European Union banned imports of Russian crude oil in a bid to starve the Russian war machine into submission over its invasion of Ukraine. Sanction-proof tankers Anticipating this, the EU, along with the G7, last year placed a $60-per-barrel price cap on Russian oil sold to third parties. “It’s basically a sanction-proof tanker.” Western protection-and-indemnity-insured tankers dropped …

The European Union targets Russia’s diamond industry in its latest round of Ukraine war sanctions
1 year ago

The European Union targets Russia’s diamond industry in its latest round of Ukraine war sanctions

Associated Press  

BRUSSELS — The European Union said Monday that it has imposed fresh sanctions on Russia over its war against Ukraine, targeting the lucrative diamonds industry, more than 140 officials and organizations, and closing loopholes that Moscow has used to bypass previous punitive measures. It’s the 12th round of sanctions and restrictions that the EU has slapped on Russia since President …

US announces hundreds of new sanctions in push to isolate Russia
1 year ago

US announces hundreds of new sanctions in push to isolate Russia

Al Jazeera  

New sanctions target entities and individuals around the world in bid to isolate Russia as its war on Ukraine continues. The United States has announced hundreds of new sanctions targeting entities and individuals across the globe, seeking to further isolate Russia as its war on Ukraine grinds on. “The Kremlin has steadily turned Russia into a wartime economy, but Putin’s …

G7 bans Russian diamonds from January in show of solidarity to Zelensky
1 year ago

G7 bans Russian diamonds from January in show of solidarity to Zelensky

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 {{ …

G-7 to ban Russian diamond imports
1 year ago

G-7 to ban Russian diamond imports

Live Mint  

Group of Seven nations have agreed to ban Russian diamond imports from the start of next year in the latest move to curb Russia’s ability to fund its invasion of Ukraine. Earlier attempts to sanction Russian gems in Europe had met resistance from leading importer nations like Belgium, which had argued that a simple ban would just shift the lucrative …

U.S. imposes new round of sanctions over Russia’s invasion of Ukraine
1 year ago

U.S. imposes new round of sanctions over Russia’s invasion of Ukraine

Associated Press  

WASHINGTON — The U.S. on Tuesday imposed sanctions on a Belgian involved in procuring electronics for the Russian military, his companies and a group of Belarusian firms and people tied to Russia’s invasion of Ukraine. Treasury’s Office of Foreign Assets Control targeted a network led by Belgium-based Hans De Geetere, which included nine entities and five people across Russia, Belgium, …

EU moves closer to imposing a new set of sanctions on Russia for its war on Ukraine
1 year, 1 month ago

EU moves closer to imposing a new set of sanctions on Russia for its war on Ukraine

Associated Press  

BRUSSELS — The European Union’s executive said Wednesday it proposed to the member states a new package of sanctions targeting the Kremlin and its associates, seeking to tighten previous measures approved since the February 2022 invasion of Ukraine as well as adding dozens of economic operators. The proposal sets in motion final talks between the 27 member states to reach …

G7 ‘united’ on Ukraine as Russia warns over Western ‘aggression’
1 year, 1 month ago

G7 ‘united’ on Ukraine as Russia warns over Western ‘aggression’

Al Jazeera  

The G7 hopes to assure Ukraine of support amid the Gaza war as Russia says Western policies endanger the world. “Our steadfast commitment to supporting Ukraine’s fight for its independence, sovereignty, and territorial integrity will never waver … we further call on China not to assist Russia in its war against Ukraine,” the ministers of Canada, France, Germany, Italy, Japan, …

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 …

G7 said to shelve regular Russian oil cap reviews as prices soar
1 year, 3 months ago

G7 said to shelve regular Russian oil cap reviews as prices soar

The Hindu  

The G7 and allies have shelved regular reviews of the Russian oil price cap scheme, people familiar with the matter told Reuters, even though most Russian crude is trading above the limit because of a rally in global crude prices. The Group of Seven countries along with the European Union and Australia imposed the price cap mechanism on Russian oil …

European Union countries agree on a new package of sanctions against Russia over the war in Ukraine
1 year, 6 months ago

European Union countries agree on a new package of sanctions against Russia over the war in Ukraine

Associated Press  

BRUSSELS — European Union countries on Wednesday agreed on a new package of sanctions against Russia for its war against Ukraine aimed at countering sanctions circumvention through third countries and businesses. European Commission President Ursula von der Leyen, the head of the EU’s executive arm, said the new package will “deal a further blow to Putin’s war machine with tightened …

EU countries agree on a new package of Russia sanctions over the war in Ukraine
1 year, 6 months ago

EU countries agree on a new package of Russia sanctions over the war in Ukraine

LA Times  

European Commission President Ursula von der Leyen addresses the opening session of a conference in London on postwar recovery for Ukraine. European Union countries Wednesday agreed on a new package of sanctions on Russia for its war against Ukraine. European Commission President Ursula von der Leyen, the head of the EU’s executive arm, said the new package would “deal a …

Sanctions on Russia may not be working, we now know why
1 year, 6 months ago

Sanctions on Russia may not be working, we now know why

Al Jazeera  

European businesses and third countries are actively circumventing sanctions, providing Russia with sanctioned goods and thus helping its war effort. On February 25, 2022, a day after Russia undertook a full-scale invasion of Ukraine, the European Union introduced unprecedented sanctions against the aggressor. Its analysis of customs data from 12 EU countries, Norway, the UK, the US and Japan shows …

G7 tightens sanctions against Russia: Will they be effective?
1 year, 7 months ago

G7 tightens sanctions against Russia: Will they be effective?

Firstpost  

The US 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. The purpose is to “fully map holdings of Russia’s sovereign assets that will remain immobilised in G7 jurisdictions until Russia pays for the damage it has caused to …

Sanctions against Russia and what the G7 may do to fortify them
1 year, 7 months ago

Sanctions against Russia and what the G7 may do to fortify them

Associated Press  

HIROSHIMA, Japan — The Group of Seven advanced economies are expected to announce a new set of sanctions against Russia to try to further hinder its war effort in Ukraine during their summit in Hiroshima, Japan. On Friday, the United Kingdom announced new sanctions targeting Russian seizures of Ukrainian grain, advanced military technology and Moscow’s remaining revenue sources. On Friday, …

Russia bans 500 Americans including Barack Obama in retaliation over US sanctions on Moscow
1 year, 7 months ago

Russia bans 500 Americans including Barack Obama in retaliation over US sanctions on Moscow

India TV News  

In fresh retaliation, Russia has issued a list of 500 Americans including Former President Barack Obama who have been banned from entering the country, CNN reported. Russia stated on Friday that it was banning '500 Americans,' including several senior members of the US executive branch, from entering the country "in response to anti-Russian sanctions imposed by the Joe Biden administration," …

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 …

G7 agrees new sanctions to ‘starve Russia’s war machine’
1 year, 7 months ago

G7 agrees new sanctions to ‘starve Russia’s war machine’

The Hindu  

Leaders from the Group of Seven nations agreed new sanctions on May 19 that they said would “starve Russia of G7 technology, industrial equipment and services that support its war machine”. “We will starve Russia of G7 technology, industrial equipment and services that support its war machine,” added the bloc, which includes Britain, the United States, Japan, Canada, Germany, France, …

UK, US announce fresh sanctions on Russian items ahead of G7 summit | DETAILS
1 year, 7 months ago

UK, US announce fresh sanctions on Russian items ahead of G7 summit | DETAILS

India TV News  

The United Kingdom has announced a fresh round of sanctions on Russia with the latest addition being the ban on Russian diamonds along with the military-industrial complex and metals amid the ongoing war with Ukraine. Amid his meet with G7 leaders in Hiroshima, Prime Minister Rishi Sunak will also issue a warning against complacency in preserving "our ideals and against …

G7 tightens sanctions over Russia’s war on Ukraine
1 year, 7 months ago

G7 tightens sanctions over Russia’s war on Ukraine

Al Jazeera  

On first day of G7 summit in Japan, US and partners announce new penalties aimed at punishing Russia. A statement issued by G7 leaders said restrictions would cover exports of industrial machinery, tools and technology useful to Russia’s war effort, while efforts would be pursued to limit Russian revenues from trade in metals and diamonds. US actions Separately, United States …

Ukraine’s Zelenskyy to attend G7 as leaders up pressure on Russia
1 year, 7 months ago

Ukraine’s Zelenskyy to attend G7 as leaders up pressure on Russia

Al Jazeera  

Presence of Ukrainian president is likely to bolster G7 and NATO resolve to continue supplying weapons. Zelenskyy’s attendance at the G7 leaders’ summit in Hiroshima is an unexpected development after the Japanese government earlier told local media that the Ukrainian leader would only attend Sunday’s talks via video link. “There will be very important matters decided there, so physical presence …

G7 weighs new sanctions on Russia to end Ukraine war
1 year, 7 months ago

G7 weighs new sanctions on Russia to end Ukraine war

Al Jazeera  

Existing sanctions are some of the toughest ever imposed on a major economy, but there is still room to increase pressure. “The most important areas include oil and energy more broadly, non-energy trade sanctions and closing loopholes in this area, and technology sanctions.” A key focus of the G7 members – the United States, Canada, Japan, the United Kingdom, France, …

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 …

G7 threatens Russia sanctions busters with 'severe costs'
1 year, 10 months ago

G7 threatens Russia sanctions busters with 'severe costs'

Firstpost  

Ukraine’s allies have sought to use sanctions and trade bans to choke off Russia’s ability to acquire more weapons or produce them domestically using imported components Washington, United States: G7 leaders issued a stern warning Friday to any country abetting Russia’s war in Ukraine and unveiled a raft of new sanctions aimed at intensifying Moscow’s economic pain. Ukraine’s allies have …

G7 meeting today: Finance chiefs to discuss sanctions against Russia
1 year, 10 months ago

G7 meeting today: Finance chiefs to discuss sanctions against Russia

Live Mint  

On February 23, the Group of Seven financial chiefs will gather to discuss sanctions against Russia that will put pressure on it to cease the war in Ukraine. Since Russian forces destroyed large portions of the country's industrial base, grain exports and essential infrastructure a year into the war, Ukraine is under intense pressure to acquire funds. "Support for Ukraine …

No economic ‘knockout’ yet from West’s sanctions on Russia
1 year, 10 months ago

No economic ‘knockout’ yet from West’s sanctions on Russia

Associated Press  

WASHINGTON — One month into the invasion of Ukraine, President Joe Biden stood in the courtyard of a grand Polish castle and laid out the punishing economic costs that the U.S. and its allies were inflicting on Vladimir Putin’s Russia, declaring that the ruble is almost immediately “reduced to rubble.” Russia is now the world’s most heavily sanctioned country, according …

G-7, Europe reach deal for price cap on Russian diesel
1 year, 10 months ago

G-7, Europe reach deal for price cap on Russian diesel

Associated Press  

BRUSSELS — U.S. Treasury Secretary Janet Yellen said Friday that industrialized countries in the Group of Seven are imposing a price cap on refined Russian oil products such as diesel and kerosene, as part of a coalition that includes Australia and a tentative agreement from the European Union. The cap follows similar price limits put on Russian oil exports, with …

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