Joe Biden announced this Tuesday a “first batch” of sanctions against Russia, preventing it from raising Western funds to repay sovereign debt and sanctioning banks and some “elites” from the country. “We are implementing sanctions on Russia’s sovereign debt. This means we cut off the Russian government from Western funding”, declared the American president in […]
Tag: Russia
EU sanctions against Russia take effect on Wednesday
The European Union (EU) awaits the entry into force on Wednesday of the sanctions approved this Tuesday against Russia, which include a ban on entering European territory for senior officials from that country, a limit on Moscow’s access to European financial markets and a trade embargo on the Donetsk and Luhansk regions. The final approval […]
Oil price could rise $20 if Ukraine crisis worsens, according to BofA
Updated on 02/22/2022 12:58 pm The benchmark Brent oil contract could rise between US$5 and US$20 a barrel depending on the severity of the crisis between Russia and Ukraine, said Bank of America (BofA) Global Research, which on the other hand maintained that prices could fall between $2 and $4 if tensions ease. Oil hit […]
EU: alliance between China and Russia challenges the multilateral order
The European High Representative for Foreign and Security Policy, Josep Borrell, warned that “the alliance between China and Russia challenges the multilateral order” and advocated that the European Union (EU) counteract it by being more present in the Indo-Pacific area. “It is obvious that the convergences between China and Russia have an importance in the […]
Russian Senate approves Putin’s request for use of Armed Forces abroad
Russian President Vladimir Putin asked the Russian Senate to approve the use of the Russian Armed Forces abroad; right that is destined to “establish peace” in Donbas, according to the president of the Upper House, Valentina Matvienko. “The Federation Council (Senate) has received a request from President Vladimir Putin for the use of the Russian […]
Russian advances in Ukraine are invasion, says White House
The White House on Tuesday began referring to Russian troop deployments in eastern Ukraine as a “invasion”, after initially hesitating to use the term, a red line that President Joe Biden had said would lead to the United States imposing harsh sanctions against Moscow. Several European leaders claimed hours before that Russian troops have moved […]
The US applauds the German gas pipeline blockade and will announce more sanctions on Moscow on Tuesday
The United States on Tuesday applauded Germany’s decision to block the certification of the Nord Stream 2 gas pipeline and assured that it will announce new sanctions against Moscow today after Russia’s recognition of pro-Russian separatist territories in eastern Ukraine. This was indicated by the White House spokeswoman, Jen Psaki, in a message on Twitter […]
Gas exporters warn of limited capacity to increase supply
At the end of a summit in Doha, in the context of the Russian-Ukrainian crisis, gas producers indicated that they have a limited capacity to rapidly increase their supply to Europe and they are not clear about prices, warned this Tuesday, February 22, the Gas Exporting Countries Forum (GEPF). Presidents and prime ministers of the […]
UK imposes sanctions on five Russian banks and a close Putin ally
Updated on 02/22/2022 08:33 am Britain on Tuesday sanctioned five Russian banks and three high net worth individuals, including Gennady Timchenkoafter the president Vladimir Putin order the deployment of troops in two breakaway regions in eastern Ukraine. “This is the first stretch of what we are willing to do”, Prime Minister Boris Johnson told Parliament. […]
Oil price rises to its highest level in eight years by touching US $ 100 due to tensions between Russia and Ukraine
Updated on 02/22/2022 08:00 am The Petroleum hit its highest price since 2014 on Tuesday as tensions between Russia and Ukraine escalated after Moscow ordered troops to be sent to breakaway regions, raising supply concerns that have pushed prices close to $100. per barrel. The United States and its European allies are close to announcing […]