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Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Register now for FREE unlimited access to Reuters.com Register NEW YORK, March 30 (Reuters) – Oil prices gained about 3% on Wednesday […]
sanctions
Why is it so difficult to convert America’s economic heft into geopolitical power? When it comes to sanctioning Russia, the U.S. faces three recurring challenges: The sanctions tend to be imposed gradually; they are negotiated with reluctant allies; and the most impactful ones would also be economically costly to the […]
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Sberbank pulls out of European market after ECB order Says faces cash outflows, threats to staff and property Says has enough resources to pay all depositors 2021 net profit up 64% to record 1.25 trln roubles MOSCOW, March 2 (Reuters) – Russia’s largest lender Sberbank (SBER.MM) is quitting almost all […]
The consequences of the financial isolation of Russia are perhaps being underestimated by markets. Sanctions imposed on Russia have been designed to cripple its economy and financial systems—and they have worked as intended. Russia’s central bank closed the country’s stock market and more than doubled its key interest rate to […]
WASHINGTON — The Biden administration announced additional sanctions against Russia’s central bank on Monday, a move that effectively prohibits Americans from doing any business with the bank as well as freezes its assets within the United States. The new measures will also target the National Wealth Fund of the Russian Federation […]
The United States and the European Union have announced limited sanctions, including further measures that were announced Tuesday. Western countries are not likely to deploy their own troops to Ukraine, making sanctions the best tools to punish Moscow — and deter further aggression. Here’s what the West has done so […]