The Securities and Exchange Commission charged Concord, which managed billions of dollars for Roman Abramovich, with failing to register as an investment adviser.
Category: Embargoes and Sanctions
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Biden Taps Penny Pritzker to Drive Ukraine’s Economic Revival
The appointment of the former commerce secretary and Democratic Party fund-raiser reflects a growing focus on Ukraine’s postwar economic survival.
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How More Sanctions on Russian Diamonds Could Affect the Global Market
The Group of 7 and the European Union are expected to issue new rules in an effort to slow the flow of revenue into the Kremlin’s war chest.
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Western Banks Help Fund Blacklisted Oligarch’s Charity
Konstantin Malofeyev’s foundation funds orphanages in occupied Ukraine. He denies that a child-removal program there is a war crime: “All of this is fake.”
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Lebanon Freezes Accounts of Riad Salameh
The action comes days after a U.S.-led coalition accused Riad Salameh of decades of corruption to enrich himself at the expense of his country.
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Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War
With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.
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Saudi Arabia to Extend Oil Production Cut by a Month
The kingdom said its move to reduce oil production by one million barrels a day would continue through September.
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Russia Halts Participation in Ukraine Grain Deal
Moscow, which has repeatedly complained that the U.N.-brokered agreement is one-sided in Ukraine’s favor, said it could return to the deal if its demands were met.
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F.B.I. Searched the Home of Kraken’s Jesse Powell
Federal agents were investigating Jesse Powell, the founder of the crypto exchange Kraken, over claims that he hacked and cyber-stalked a nonprofit arts group.
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The Russia-Ukraine War Changed This Finland Company Forever
Nokian Tyres of Finland made 80 percent of its tires in Russia, where energy was cheap. After losing billions, it prioritized political security over business efficiency.
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Yellen’s China Visit Aims to Ease Tensions Amid Deep Divisions
Mutual skepticism between the United States and China over a wide range of economic and security issues has festered in recent years.
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Billie Jean King Supports Talks With Saudi Arabia on Women’s Tennis Events
Saudi Arabia has been pushing to host a WTA Tour event. The tour is evaluating potential partnerships.