The Treasury Department called the action a new phase of enforcement of a policy to starve Russia of oil revenue.
Category: Embargoes and Sanctions
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Yellen Says U.S. Is Considering New Sanctions on Iran and Hamas
The Treasury secretary said that she was not yet seeing an economic impact from the Israel-Gaza war.
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Yellen Says U.S. Is Considering New Sanctions on Iran and Hamas
The Treasury secretary said that she is not yet seeing an economic impact from the Israel-Gaza war.
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Russia’s Economy Is Increasingly Structured Around Its War in Ukraine
The nation’s finances have proven resilient, despite punishing sanctions, giving it leeway to pump money into its military machine.
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Diesel Prices Could Keep Inflation High
The cost of the fuel has been rising in recent weeks and could spike this winter because of supply problems, analysts warn.
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SEC Charges Concord, the Money Manager Tied to Roman Abramovich
The Securities and Exchange Commission charged Concord, which managed billions of dollars for Roman Abramovich, with failing to register as an investment adviser.
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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.