The bank released a significantly higher figure as European Union leaders approved plans to provide Kyiv with one million artillery shells over the next 12 months.
Category: Embargoes and Sanctions
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Xi and Putin Bind China and Russia’s Economies Further, Despite War in Ukraine
On the second day of the Chinese leader’s state visit in Moscow, Xi Jinping and Vladimir V. Putin declared an enduring economic partnership, in an effort to insulate their countries from punitive Western measures.
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Banned From Russian Airspace, U.S. Airlines Look to Restrict Competitors
Because of the war in Ukraine, U.S. carriers have to take the long way on flights to and from Asia, giving an advantage to foreign rivals flying the same routes.
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China’s Leader, With Rare Bluntness, Blames Troubles on U.S. Containment
Xi Jinping criticized what he called a U.S.-led campaign of “encirclement and suppression.” His new foreign minister said it was impossible for China not to fight back.
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Biden Dispatches Yellen and Blinken to Bolster Support for Ukraine
Treasury Secretary Janet Yellen traveled to Kyiv the day before Secretary of State Antony Blinken was to visit Central Asia in a show of American solidarity with Ukraine in its battle with Russia.
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E.U. Officials Ban TikTok From Employees’ Phones
The European Commission takes aim at the popular Chinese-owned app, citing “cybersecurity threats.”
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China’s Economic Support for Russia Could Elicit More Sanctions
U.S. officials pledged to crack down on shipments to Russia that can be used for both civilian and military purposes, but that has proved hard to police.
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Oil Prices Rise on Talk of Russian Output Cut
Russia’s deputy prime minister said the country would reduce its oil production by about 5 percent to counter Western sanctions.
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How Russia Is Surviving the Tightening Grip on Its Oil Revenue
Europe’s and America’s gradual restrictions on Russian oil trade are raising stakes in a protracted economic standoff that is reshaping the global energy market.
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Russian Diesel Is Europe’s New Embargo Target
The coming ban on Russian exports of refined oil products could strain energy markets and crimp Russia’s output.
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Russia Sidesteps Western Punishments, With Help From Friends
A surge in trade by Russia’s neighbors and allies hints at one reason its economy remains so resilient after sweeping sanctions.
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The US Imposes Sanctions on a Russian Oligarch and Other Officials
The sanctions block financial transactions in dollars with Vladimir Potanin, the largest shareholder in Nornickel, the world’s biggest producer of palladium and refined nickel.