Tag: sanctions

US Announces New Sanctions Against Russia, Including Banning New Investments

The Biden administration on April 6 announced a fresh round of what it called “devastating” sanctions against Moscow after allegations that Russian forces committed war crimes in the Ukrainian town of Bucha, with the new measures including banning all new investment in Russia. The United States, the Group of Seven (G7) allies, and the European…


US Announces New Sanctions Against Russia, Targeting Investments, Banks, Putin’s Daughters

The Biden administration on April 6 announced a fresh round of sanctions against Moscow after allegations that Russian forces committed war crimes in the Ukrainian town of Bucha, with the new measures including banning all new investment in Russia and sanctioning Russian President Vladimir Putin’s two adult daughters. The United States, the Group of Seven allies,…


EU Countries Hunt for Global Coal Stocks as Russian Ban Looms

LONDON—European buyers are increasing shipments of coal from across the globe against a backdrop of a proposed European Union ban on Russian imports and the scramble to relieve tight gas supplies, according to data and shipping sources. The European Commission on Tuesday proposed new sanctions against Moscow over its invasion of Ukraine, including a ban…


Oil Rises as New Russia Sanctions Outweigh Demand Worries

LONDON—Oil futures rose on Wednesday, paring early losses, as the threat of new sanctions on Russia raised supply concerns, countering fears of weaker demand following a build in U.S. crude stockpiles and Shanghai’s extended lockdown. Brent crude futures were up $1.14, or 1.1 percent, at $107.78 a barrel as of 1115 GMT. U.S. West Texas…


Are We Facing a ‘Food Crisis’?; Elon Musk to Join Twitter Board of Directors | NTD Business

The European Union proposes a fifth round of sanctions on Moscow. Russian energy is included for the first time. Twitter add Elon Musk to its board of directors–a day after he disclosed a 9-percent stake in the company. China makes its biggest purchase of U.S. corn since may 2021. Why? Is a food crisis on the horizon? Amazon…


Russian Banks Need to Be Recapitalized as Losses Loom, VTB CEO Says

Russia’s banks will need a wider recapitalization, Andrey Kostin, CEO of No.2 lender VTB, has told the TASS news agency, with the scale of it to be determined later this year once there is a clearer picture of the losses the sector faces. “I don’t know yet where the capital boost will come from but…


Sanctioned Russian Bank VTB Pays Bond Coupons in Roubles

Sanctioned Russian lender VTB has made coupon payments in roubles to holders of its domestic subordinated bonds denominated in dollars and euros, the National Settlement Depository said on Tuesday. Russia’s ability to continue servicing debt in foreign currencies is in focus as the government, which has so far avoided a default, faces issues paying holders…


EU Proposes New Sanctions on Moscow Amid Claims of Russian War Crimes in Ukraine

Brussels has proposed sweeping new sanctions against Russia, including an E.U.-wide ban on Russian coal imports, as the West responds to allegations that Russian forces engaged in civilian killings and other atrocities in Ukraine. The European Union’s executive on Tuesday proposed a new round of sanctions against Moscow, including barring Russian imports worth nearly $10…


Oil Extends Rally on Prospect of More Russia Sanctions

LONDON—Oil prices rose on Tuesday as the United States and Europe planned new sanctions to punish Russia over alleged war crimes in Ukraine, raising concerns over tighter global supply, while Iran’s nuclear talks with world powers stalled. Brent crude was up $1.17, or 1.1 percent, to $108.70 a barrel at 0952 GMT. U.S. West Texas…


Stocks, Oil, Bond Yields Edge up Ahead of Expected New Russia Sanctions

LONDON—Traders were back on Russia sanctions watch on Tuesday with oil, inflation-sensitive bond yields, and stocks all edging higher ahead of an expected new measures from the West in coming days. Europe saw the STOXX 600 index nudge 0.3 percent higher as oil, industrial, tech, and insurance stocks all made ground, while the euro clawed…