Luxury products are among a list of items banned by the Japanese government for export to Russia over its invasion of Ukraine. Announced on March 29, the ban went into effect on April 5. Nineteen luxury products, including perfume, fine artwork, and high-end cars, are now part of an expanding list of banned exports to Russia that also…
Japan Adds Luxury Goods to Russia Sanctions as It Takes in Ukrainian Refugees
April 6, 2022
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Seafood Biz Braces for Losses of Jobs, Fish Due to Sanctions
PORTLAND, Maine—The worldwide seafood industry is steeling itself for price hikes, supply disruptions, and potential job losses as new rounds of economic sanctions on Russia make key species such as cod and crab harder to come by. The latest round of U.S. attempts to punish Russia for the invasion of Ukraine includes bans on imports…
Sanctioned Russian Bank VTB Sees Strong Demand for Gold Bars
Russia’s second-largest lender VTB, hit by Western sanctions over Moscow’s actions in Ukraine, has sold one tonne of gold to customers this month and expects demand to increase, the state-controlled bank said on Wednesday. Russia scrapped a 20% value-added tax on gold buying for individuals on March 1 as people rushed to park their savings…
Russian Oligarchs Are Welcome in Turkey for Legal Activities: Foreign Minister
Turkey is open to Russian oligarchs as long as they’re conducting legal activities, Turkish Foreign Minister Mevlut Cavusoglu said Saturday. “Whatever their activities in Turkey, it has to be legal. We will allow any legal and legitimate activities and we will not allow any illegal activities in Turkey whatever it is,” he said at the…
China Implicated in Iran’s Global Money Laundering
March 22, 2022
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News Analysis China is implicated in Iran’s international money laundering system, according to a new report by The Wall Street Journal. The Journal “reviewed financial transactions for scores of Iranian proxy companies in 61 accounts at 28 foreign banks in China, Hong Kong, Singapore, Turkey and the United Arab Emirates totaling several hundred million dollars,”…
Oil Rises Towards $116 as EU Weighs Russian Ban
March 22, 2022
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Business & EconomycommoditiescrisisEuropeglobalMarketsOilRussiaRussia-Ukraine WarsanctionstocksWorld
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LONDON -Oil rose towards $116 a barrel on Tuesday, adding to a 7 percent surge the previous day, supported by supply risks from a potential European Union oil embargo on Russia and concern about attacks on Saudi oil facilities. European Union foreign ministers are split on whether to join the United States in banning Russian…
The Ukrainian War Will Be the End of Russia: Beijing Should Not Be Allowed to Profit
Commentary History will show that the Ukrainian war marked the beginning of the end of the Russian state. Over the last two decades, Vladimir Putin and his cronies, a criminal conspiracy masquerading as the Russian government, have looted the Russian economy, destroyed the Russian middle class and have plunged millions of pensioners into poverty. For…
Global Fertilizer Supply Shrinks Amid Sanctions Against Russia and Belarus
March 18, 2022
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The global fertilizer supply chain will be bracing for a shortfall due to sanctions and restrictions imposed on Russia and Belarus, while the two countries’ potassium fertilizer exports combined are about 40 percent of the global market. Following western sanctions against Russia for its escalating invasion of Ukraine, the world’s three largest container shipping companies,…
Russia-Linked Oil, Fuel Cargoes Rush to US Before Ban Starts
March 17, 2022
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HOUSTON—At least 10 vessels carrying Russia-linked cargoes of crude and refined products were approaching the United States on Wednesday, as suppliers rushed to deliver ahead of the U.S. government’s deadline to wind down Russian energy purchases, data from traders and Refinitiv Eikon showed. The United States, the world’s biggest oil consumer, this month banned imports…
Russia-Ukraine War a Reality Check for the CCP
Commentary The ongoing Russo-Ukrainian war and the international community’s reaction to it seem to warn the Chinese regime: There will be disastrous consequences if you act recklessly toward Taiwan. The war has exposed Russian president Vladimir Putin’s serious problems in strategy, tactics, military mobilization, weapons and equipment, logistical supplies, and gaining the Russian people’s acceptance…
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