The continent’s leaders increasingly want to understand how the war with Russia might end.
Tag Archives: Embargoes and Sanctions
How North Korea Used Crypto to Hack Its Way Through the Pandemic
The isolated country continues to find ways to evade sanctions and generate income while operating on the fringes of the global financial system.
Patient and Confident, Putin Shifts Out of Wartime Crisis Mode
Cloistered and spouting grievances at the start of the war on Ukraine, the Russian leader now appears publicly, projecting the aura of a calm, paternalistic leader shielding his people from the dangers of the world.
In Blow to Putin, Turkey Won’t Bar Sweden and Finland From NATO
The change was a victory for President Biden and a setback to President Vladimir V. Putin of Russia, who had justified the Ukraine invasion as a warning against NATO’s expansion.
U.S. Urges New Tactic to Curb Putin’s War Machine and Lower Fuel Prices
Group of 7 leaders meeting in Germany were receptive to a Biden administration plan to cap the price of Russian oil in world markets, limiting Kremlin revenue.
Global Food Crisis Tests Western Resolve to Retain Russia Sanctions
With a food shortage threatening to create widespread famine, Western countries face a tough choice as sanctions exacerbate the problem.
G7 Leaders Work to Punish Russia Over Ukraine War
On the first day of their gathering, Group of 7 leaders moved to increase the economic pressure on Russia, but a missile attack on the Ukrainian capital made clear that Moscow is not backing down.
Ukraine War’s Latest Victim? The Fight Against Climate Change.
As leaders of the Group of 7 gather in Germany, the scramble to replace Russian fossil fuels is raising concerns that hard-won climate targets will be missed.
The U.S. and Britain will ban imports of gold from Russia.
President Biden announced the decision before the start of a G7 summit meeting in Germany.
U.S.-Led Alliance Face Frustration Over Russia Sanctions
Vladimir V. Putin is making gains in his war on Ukraine while the United States and its allies struggle with soaring energy prices and inflation.
In Russia’s War on Ukraine, China and India Emerge as Financiers
Their purchases of Russian crude are undermining the West’s efforts to isolate the Kremlin and upending the global oil markets.
Biden Should Cut Off the Gas Revenues That Fund Myanmar’s Junta
He should cut off the gas revenues that fund Myanmar’s junta.
To Pressure Taiwan, China is Now Targeting its Grouper Exports
Taiwan’s lucrative grouper industry is bracing for heavy losses after China’s recent ban on imports of the fish from the island.
Companies Brace for Impact of New Forced Labor Law
Billions of dollars could be at stake as a law banning imports of products from China goes into effect.
How Russia Is Making More in Oil Sales Now Than Before the War
With China and India buying the Russian oil shunned by the West in an effort to force an end to the Ukraine invasion, Moscow is earning more now than it did before the war.
Russia’s Blockade of Ukraine Is ‘War Crime,’ Top E.U. Official Says
The remarks by the official, Josep Borrell Fontelles, were among the strongest language from a Western leader in describing the Kremlin’s tactics to subjugate Ukraine.
Red Flags for Forced Labor Found in China’s Car Battery Supply Chain
Ties to potentially coercive labor practices could prove a problem for an industry that is heavily dependent on China, once a new law barring Xinjiang products goes into effect.
New Brand of Activist Takes Aim at Ukraine War and Climate Crisis, Together
Led by young women from Eastern Europe, they are cornering Europe’s leaders and pressing them for a total energy embargo on Russia — to end the fighting and to save the planet.
On Inflation and the Food Crisis, the World Can Work Together or Fall Apart
No single country can solve the problem of rising food and fuel costs.
Trump’s Shadow Looms Over Fading Iran Nuclear Talks
With no compromise in sight and Iran making steady progress toward nuclear capability, the Biden administration could soon face a stark choice.
As European Leaders Visit Kyiv, Putin Cuts Their Gas Supply
At a critical moment in the war, Russia is strategically reducing gas flows to drive up prices and hurt European economies already reeling from high inflation.
Five Blunt Truths About the War in Ukraine
It’s time for Biden to take greater risks for victory.
Russia’s Oil Revenue Soars Despite Sanctions, Study Finds
Rising oil prices more than offset a decline in export volumes during the first 100 days of the assault on Ukraine.
Gas Prices in U.S. Hit $5 a Gallon
The unrelenting march higher continues as the average price touches a new milestone, according to AAA.
Biden Races to Expand Coalition Against Russia but Meets Resistance
Many Asian, African and Latin American nations are maintaining ties with Russia as the United States tries to isolate President Vladimir V. Putin and end the war in Ukraine.
Global Growth Will Be Choked Amid Inflation and War, Says World Bank
Global economic growth will be choked as war, inflation and ongoing supply chain problems take a toll.
Fiji Hands Over Superyacht That U.S. Says Is Tied to Russian Oligarch
The handover of the Amadea is the latest development in a global effort to seize the assets of oligarchs with ties to Russia’s president.
Biden Has ‘Only Bad Options’ for Bringing Down Oil Prices
The president’s trip to Saudi Arabia is unlikely to reduce oil and gasoline prices, and it is not clear that anything else he might do would work, either.
As Battles Rage, Ukraine Rejects Macron Plea Not to ‘Humiliate’ Russia
Amid reports of battlefield gains by Ukraine, an official angrily rejected Mr. Macron’s advice, saying it “can only humiliate France.”
Tanned, Buff and Ready to Pose, Gaza Bodybuilders Feel Weight of Blockade
Bodybuilding is popular among Palestinians living in Gaza, but travel restrictions and other obstacles as a result of the Israeli blockade make competing abroad a struggle.
To Cut Gas Prices, Congress Should Allow the U.S. to Sue OPEC
Congress should allow the Justice Department to sue OPEC for violating antitrust laws.
U.S. Imposes Sanctions on Yacht Company That Caters to Russian Elites
The Treasury Department also identified four yachts as being linked to President Vladimir V. Putin of Russia.
U.S. Technology, a Longtime Tool for Russia, Becomes a Vulnerability
Global restrictions on sending advanced technology to Russia are hampering the country’s military capacity, U.S. officials say, though Russia has stockpiled American equipment for years.
Europe’s Russian Oil Ban Could Mean a New World Order for Energy
The effort could hurt Russia but could also help drive up already high oil prices, hurting the global economy and enriching energy companies.
The Middlemen at the Heart of an Oligarch-Industrial Complex
They oversee the flow of billions of dollars from Putin-connected Russians to companies involved in superyachts and villas. They’ve drawn the attention of a U.S. task force.
The Race to Free Ukraine’s Stranded Grain
An operation to bring grain out from Ukraine through Lithuania, with considerable political hurdles, is just one option being considered amid warnings of mass starvation around the world.
Putin’s Ukraine War Woke Up Europe
Europe is more united than ever in the wake of the Russian invasion of Ukraine.
Forces Battle for Ukraine City, as E.U. Ratchets Up Responses
As Russian forces advanced into Sievierodonetsk, Ukraine’s allies promised increased aid, a sharp drop in Russian oil imports and efforts to ship Ukrainian grain out of the country.
How Russia’s Wagner Group Is Expanding in Africa
Best known for its mercenaries, the Wagner Group also mines diamonds, spreads disinformation and props up autocrats in an effort to grow Russia’s footprint.
Seizing Russian Assets to Help Ukraine Sets Off White House Debate
Some European officials want to use more than $300 billion in Russian central bank assets to rebuild Ukraine. But Biden administration officials warn that diverting those funds could be illegal.
Europe agrees to ban most Russian oil imports.
A draft of the agreement allows pipeline imports, in a nod to Hungary’s complaints, but would be the toughest action yet over Russia’s invasion of Ukraine.
Cuba Allows Its Boxers to Fight Professionally
A move to allow boxers to fight professionally is a big shift for Cuba’s communist government.
An Embargo Would Bruise Russia’s Oil Industry
If the E.U. reaches agreement on the embargo, Russian production may drop another one million barrels a day, or about 10 percent, analysts say.
Gas Prices Hit New Highs as Summer Driving Season Starts
A gallon has jumped by about 50 cents over the last month as Russia’s war in Ukraine has continued to unsettle the global energy market.
U.S. Speeds Up Reshaping of Taiwan’s Defenses to Deter China
The Biden administration is taking lessons from the war in Ukraine to turn Taiwan into a “porcupine” bristling with weapons that would inflict severe pain if attacked.
Biden’s Tough Words
Gaffe or not, President Biden’s latest remark on Taiwan is consistent with his administration’s new policy.
Zelensky Urges Even Harder Line on Russia as Allies Work to Remain United
A midlevel Russian diplomat broke ranks and resigned with a scathing statement on the war, and President Volodymyr Zelensky called on world leaders to turn up the pressure.
The Refinery Standing Between Germany and an Oil Embargo
A Russian-owned refinery, linked to a Soviet-era pipeline, is a reminder of Germany’s past and a stumbling block to efforts to cut off Russian oil.
U.S. Company Supplying Russian Military Seeks Exit, Caught Between Sanctions and Kremlin
Arconic runs a huge Russian metal plant, bought in an era of cooperation between the U.S. and Russia. Now it is struggling, after years of increasing Russian military aggression.
How the West Is Strangling Putin’s Economy
Russia can export, but it can’t buy what it needs.