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(Bloomberg) — Fresh US sanctions against Russian banks have caused a further slide in the ruble, putting at risk some of the last channels of direct foreign-currency flows into the country. Most Read from Bloomberg The ruble has fallen almost 8% against the dollar since November 21, when the US sanctioned some 50 Russian banks […]
Ankara is demanding an exemption to use Gazprombank to pay for natural gas imports, Energy Minister Alparslan Bayraktar has said Türkiye is currently in talks with the US to secure a sanctions waiver that would allow it to continue using Russia’s Gazprombank to pay for natural gas imports, the country’s Energy Minister Alparslan Bayraktar told […]
Article content (Bloomberg) — Turkey is in talks with the US over a sanctions waiver that would allow the country to keep using Russia’s Gazprombank to pay for natural gas imports. Without an exemption, “we won’t be able to pay Russia,” Energy Minister Alparslan Bayraktar told reporters late Monday. “If we can’t pay, we can’t […]
Jailed media tycoon Jimmy Lai has denied that he instructed staff of his now-shuttered Apple Daily newspaper to urge the West to impose sanctions on Hong Kong, his national security trial has heard. Jimmy Lai being transferred onto a Correctional Services vehicle on February 1, 2021. File photo: Studio Incendo. The 76-year-old tycoon continued to […]
Russia’s Gazprombank has alerted clients abroad to potential payment disruptions with China’s UnionPay cards after being targeted by new U.S. sanctions, the RBC news website reported Friday. “There may be difficulties with the UnionPay payment system cards abroad from Nov. 21. If you are outside Russia, we recommend using cash,” Gazprombank said in a statement. […]
The US imposed fresh sanctions on Russia’s Gazprombank on Thursday, the Treasury Department said, wielding its most powerful sanctioning tool against the bank as US President Joe Biden steps up actions to punish Moscow for its invasion of Ukraine before leaving office in January. The move effectively kicks Gazprombank – one of Russia’s largest banks […]
Former media boss Jimmy Lai Chee-ying has revealed he had access to “internal” US government information but denied a former top aide’s allegation he had pressured his now-defunct Apple Daily tabloid to draft a sanctions list for Washington after Hong Kong adopted the 2020 national security law. Lai, 76, returned to the witness box on […]
The US Congress should investigate China’s purchases of Iranian oil in the past five years, a top US advisory panel on China has urged, with Tehran looming as a larger issue in the next Trump presidency. In an annual report covering nearly every aspect of the bilateral relationship, the US-China Economic and Security Review Commission […]
Ever since the US dollar cemented its role as the backbone of the global financial system following the second world war, it has been a weapon of choice for American presidents waging economic warfare. But as the United States’ use of sanctions has proliferated in recent years, concerns have grown in China and elsewhere over […]
No one should attempt to interfere with ongoing legal proceedings in Hong Kong, the city’s justice minister has said in response to US president-elect Donald Trump’s earlier pledge to secure the release of jailed media tycoon Jimmy Lai. Secretary for Justice Paul Lam meets the press at the Rule of Law for the Future, the […]