Iran storing 30 million barrels of oil at sea

2015-03-26 17:47

Iran is storing at least 30 million barrels of oil on its fleet of supertankers as Western sanctions continue to keep a lid on sales, tanker market sources say.

No signs Russia might leave WTO

2015-03-24 21:30

Russia shows no signs of wanting to leave the World Trade Organisation chief Roberto Azevedo says, despite tensions with the West over the Ukraine crisis.

EU agrees Russia sanctions to stay

2015-03-20 09:30

European Union leaders have agreed that economic sanctions imposed on Russia will stay in place until a Ukraine peace deal is fully implemented.

US agriculture delegation visits Cuba

2015-03-03 09:38

The most important US agricultural delegation to visit Cuba has begun, hoping to urge the US Congress to lift the trade embargo against the Caribbean nation.

Iran smuggles in $1bn to skirt sanctions

2015-02-24 19:00

At least $1bn in cash has been smuggled into Iran as it seeks to avoid Western sanctions, a bigger figure than previously reported.

Canada imposes sanctions on Rosneft

2015-02-18 09:04

Canada is imposing sanctions against top Russian oil firm Rosnef and the head of conglomerate Rostec, in response to the actions of Russian-backed militants.

More sanctions if Ukraine deal not respected

2015-02-13 09:08

French President Francois Hollande says more EU sanctions on Russia will be on the cards if the Ukraine ceasefire deal was not respected.

US telecomms firms interested in Cuba

2015-02-03 19:20

A top US diplomat says that "quite a few" telecommunications companies have been in touch with the government about the possibility of doing business in Cuba.

US lawmakers seek to end Cuba travel restrictions

2015-01-29 15:30

Eight Republican and Democratic US senators will introduce legislation to end restrictions on US citizens' travel to Cuba, the first effort in Congress toward ending the US embargo.

Russia: Crisis plan won't need more budget

2015-01-27 20:00

An economic crisis plan Russia has adopted won't require any more budget spending than was already planned, says Finance Minister Anton Siluanov.


Schlumberger fined $232.7m for sanctions busting

2015-03-26 09:29

French-US oil services giant Schlumberger has been fined $232.7m by the US justice department for violating sanctions on Iran and Sudan.

Russia suffers as sanctions bite

2015-03-23 14:16

The Russian economy is increasingly reeling under Western sanctions and is set to contract between 3.5% and 4% in 2015, with inflation the highest in 13 years.

EU leaders unlikely to tighten Russia sanctions

2015-03-13 10:45

European Union leaders are unlikely to tighten sanctions on Russia when they meet but will haggle over whether they need to act now to prolong economic sanctions.

Russia sanctions cost ExxonMobil $1bn

2015-02-27 10:15

US energy giant ExxonMobil says that US and European Union sanctions against Russia cost it $1bn last year.

Cuba's American business connection?

2015-02-20 17:06

The prospect of opening trade between the US and Cuba is already giving rise to American-style entrepreneurship on the communist-run island.

Russian singer, ministers top EU sanctions list

2015-02-16 12:45

The EU has published a new list of Ukrainians and Russians targeted with sanctions for undermining Ukraine's independence.

Russian inflation hits 15% on economic pain

2015-02-06 09:30

Russia's inflation has hit 15% in January, underscoring the growing economic pain from sliding oil prices and Western sanctions linked to the Ukraine conflict.

EU wins Greek backing to extend Russia sanctions

2015-01-30 09:39

European Union foreign ministers have extended existing sanctions against Russia, holding off on tighter economic measures.

Russia unveils $35bn anti-crisis plan

2015-01-28 16:15

Russia has announced a $35bn 'anti-crisis' spending plan to bail out an economy battered by Western sanctions and falling oil prices.

US has 'more tools' to pressure Russia - Lew

2015-01-26 19:30

The United States has "more tools" available to increase pressure on Russia over Ukraine, if required, US treasury secretary Jack Lew says.

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