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.
Tag Archives: Embargoes and Sanctions
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.
Why China and Russia Are Closer Than Ever
This week’s meeting between the leaders of China and Russia marks another key moment in the deepening relationship between the two powers.
To Combat Food Shortages, North Korea Deploys the Military
Kim Jong-un, the country’s leader, has called for soldiers to be “a driving force” in increasing food production, a reflection of the North’s economic and geopolitical challenges.
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.
War in Ukraine Puts Centuries of Swiss Neutrality to the Test
The Alpine state makes arms that Western allies want to send to Kyiv. Swiss law bans this, driving a national debate about whether its concept of neutrality should change.
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.
U.S. Sanctions Relief for Syria Troubles Assad Regime Opponents
Washington has temporarily eased sanctions on the authoritarian government of President Bashar al-Assad to allow humanitarian aid to flow freely after a disastrous earthquake struck Syria.
Blinken Confronts Lavrov in First Meeting Since Ukraine War
Secretary of State Antony J. Blinken said he told Sergey V. Lavrov, the Russian foreign minister, that Moscow must end its war against Ukraine and return to a nuclear arms control treaty.
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.
Janet Yellen in Kyiv: Economic Aid to Ukraine Is Vital
Our commitment to support a brave people defending their country is unwavering.
War in Ukraine Has Changed Europe for Good
No event has transformed the continent more profoundly since the end of the Cold War, and there is no going back now.
Biden Reaffirms Support for Ukraine Amid Concerns About Russia-Iran Ties
The Biden administration announced new measures targeting Moscow and supporters of President Vladimir V. Putin’s war.
A Year of Russia’s War on Ukraine Is Marked by Protests and Defiance
On the anniversary of the invasion, Volodymyr Zelensky held a marathon news conference and vowed victory if Ukraine’s allies remained united “like a fist.”
The U.S. Intelligence Playbook to Expose Russia’s Ukraine War Plans
Bolder disclosures are part of a larger effort to stymie the Kremlin’s offensive in Ukraine and align support for Kyiv’s war effort in allied countries.
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.
China’s Courtship of European Powers Hits a Russian Wall
Beijing, in urgent need of reviving its economy, wants to mend ties with Europe but is struggling to create distance between itself and Moscow.
On Blinken Visit, Quake Relief Soothes U.S.-Turkey Tensions
Secretary of State Antony J. Blinken pledged to keep helping Turkey recover from a devastating earthquake, but there were few hints of progress on disputes over F-16 sales and NATO.
One Year Into War, Putin Is Crafting the Russia He Craves
In Ukraine, President Vladimir V. Putin’s invasion has met setback after setback. But its effect at home has been very different.
China Says U.S. Flew Balloons Over Xinjiang and Tibet
The accusation came days after Beijing claimed that the United States had sent airships over China multiple times, ramping up tensions between the two superpowers.
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.
Turkey Quake: U.N. Aid Chief to Visit Affected Areas
Martin Griffiths, the United Nations humanitarian chief, said he was on his way to visit parts of Turkey and Syria affected by an earthquake that has killed more than 20,000 people.
As Aid Trickles Into Syria, Residents Say Too Little, Too Late
“Some people under ruins are sharing their wills with the team,” said one rescue worker. “They share names of their loved ones, then they die.”
Russia Pays a Bloody Price for Small Gains in Eastern Ukraine
Russia is relying on masses of troops to overrun Ukrainian positions, producing heavy casualties and incremental gains.
How Russia Is Surviving the Tightening Grip on Its Oil Revenue
Europe’s and America’s gradual restrictions on Russian oil trade are raising the stakes in a protracted economic standoff that is reshaping the global energy market.
Russian Attacks Intensify in Eastern Ukraine Ahead of Expected Offensive
Russia is deploying hundreds of thousands of newly mobilized soldiers, in small groups, to probe for vulnerabilities in Ukrainian defensive lines.
The Costs of a Long War in Ukraine
Why the Biden White House needs to push for peace in 2023.
U.S. Presses Turkey and U.A.E. to Weed Out Illicit Trade With Russia
American officials worry that commercial activities in Turkey and the United Arab Emirates could be fueling Russia’s war machine and have threatened to punish those involved.
When It Comes to Building Its Own Defense, Europe Has Blinked
Despite expectations that Russia’s invasion of Ukraine would force Europe to bolster its military strength, it has instead reinforced dependency on U.S. leadership, intelligence and might.
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.
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.
How a Russian Oligarch May Have Recruited the F.B.I. Agent Who Investigated Him
The bureau tried to court Oleg Deripaska, a Russian aluminum magnate, as an informant. Instead, one of its own top agents may have ended up working for him.
Former Top FBI Official in New York Charged in Money Laundering
Prosecutors say Charles McGonigal, who was chief of counterintelligence in the city, took payments from Oleg Deripaska to investigate a rival Russian oligarch.
How Western Goods Reach Russia: A Long Line of Trucks Through Georgia
With Western sanctions barring many imports, a lot of what Russia needs now travels a slow, crowded truck route through the Caucasus Mountains from Georgia.
Putin’s Efforts to Divide the West Over Ukraine Fall Flat
A cease-fire proposal seemingly aimed at splintering Western unity has instead been met with Western escalation, underscoring Moscow’s diplomatic struggles.
Dark Christmas Signals Tough Times for a Prosperous City in Hungary
Dimmed festive lighting at an annual market in the city of Gyor underscores the economic pain being felt across Hungary as energy costs and inflation soar.
Chechen Leader Has More Interactions With UFC Fighters Amid US Sanctions
The U.S. State Department says it knows of apparent ties between Ramzan Kadyrov, the Chechen strongman, and mixed martial arts fighters.
In a Wary Arctic, Norway Starts to See Russian Spies Everywhere
Other European countries are too, blurring the line between vigilance and paranoia.
Cuba’s Declining Economy Prompts ‘Historic’ Migration to US
The pandemic and tougher U.S. sanctions have decimated Cuba’s economy, prompting the biggest migration since Fidel Castro rose to power.
Oil Prices Drop, Despite Heightened Sanctions on Russian Crude
The price of oil fell by about 10 percent this week, easing (for now) supply worries about the E.U. embargo and a price cap.
Qatar Extends Its Natural Gas Dominance at Russia’s Expense
As its influence grows, the country is poised to become a big energy supplier to Europe, which has turned away from Russia after its invasion of Ukraine.
Who Is Viktor Bout, Arms Dealer in Swap for Brittney Griner?
Viktor Bout has been accused of supplying arms to Al Qaeda, the Taliban and rebels in Rwanda. His exploits helped inspire a 2005 film, “Lord of War,” that starred Nicolas Cage.
Despite Sanctions, Russian Cruise Missiles Were Made Recently
Weapons investigators in Kyiv found that at least one Russian Kh-101 cruise missile used in widespread attacks there on Nov. 23 had been made no earlier than October.
EU Embargo of Russian Oil and G7’s Price Cap Take Effect
An immediate impact on oil supplies in Europe was not expected, partly because the embargo has been in the works for months.
Advice for Europeans: Bundle Up and Get Ready for Outages
As temperatures drop amid an energy crisis, governments say power blackouts may be necessary to conserve electricity.
Ukraine’s Allies Agree on Russian Oil Price Cap
The plan to impose a top price of $60 a barrel on Russian crude will most likely make a small dent in the Kremlin’s revenue, but the White House hopes it will help avert an oil shock.
OPEC and Russia to Meet as Global Forces Weigh on Oil Market
As the West moves to intercede in oil trading, OPEC Plus, led by Saudi Arabia, is expected to protect its own interests.
How a German State Helped Russia Complete Nord Stream 2
The threat of U.S. sanctions jeopardized completion of a second direct gas pipeline from Russia. So Gazprom and German officials concocted a phony climate foundation to get the job done.
US Eyes $156 Million Yacht in Dubai Linked to a Russian Oligarch
The U.S. Justice Department is taking steps to seize the Madame Gu, a 324-foot luxury yacht, but it will be diplomatically thorny.
Ukraine Is Biden’s Defining Issue, and His Biggest Economic Challenge
The shape of the war, and its effects on global markets, in the months and years to come could determine the president’s political fate.