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.

Germany sees no need to ease Russian sanctions

2014-12-22 17:45

Germany sees no reason to think about changes to the EU's sanctions regime against Moscow at the moment, says a government spokesperson.

Canada slaps sanctions on Russian oil

2014-12-21 11:56

Canada has announced new sanctions against Russia, including additional restrictions on the export of technology used in the oil and gas industry.

Barloworld posts profit on after-market sales

2014-11-17 11:21

Barloworld has been hit by slack demand from the mining sector and in Russia the ongoing Ukraine crisis has also put pressure on demand.

JPMorgan takes on what some banks fear

2014-11-09 19:30

When JPMorgan Chase & Co agreed to lead a $700m bond offering for Russian gas producer Gazprom, it was doing business that some US banks are afraid to do.

Zim to receive funds as EU lifts sanctions

2014-10-31 08:34

The EU has lifted trade sanctions against Zimbabwe and will resume direct aid this weekend, when some sanctions imposed over alleged rights abuses expire.

Russia to roll out 'Victory' budget airline

2014-10-29 09:31

Russia's national carrier Aeroflot will name its new low-cost airline Victory, or Pobeda, a symbol of defiance against Western sanctions over Ukraine.

Syrian ministers, UAE firm hit with sanctions

2014-10-21 15:15

The European Union has imposed sanctions on 12 Syrian ministers, two senior military figures and a United Arab Emirates company.

Putin will help sanctions-hit companies, banks

2014-10-02 13:30

Russian President Vladimir Putin says the government would help companies hit by Western sanctions over Ukraine and increase the capital of domestic banks.

Mugabe berates US, EU over 'evil sanctions'

2014-09-26 06:00

Zimbabwean President Robert Mugabe says the United States and the European Union should remove what he described as their unilateral and illegal sanctions.

Rosneft may back out of Morgan Stanley deal

2014-09-25 17:15

Rosneft may back out of a deal to buy Morgan Stanley 's oil trading unit because of Western sanctions, sources say.

EU food producers to help with Russian ban

2014-09-17 13:30

EU officials have agreed new measures to help food producers hit by a Russian ban on agricultural imports.

Russia to create anti-crisis fund

2014-09-15 10:15

Russia will create a multi-billion dollar anti-crisis fund in 2015 of money destined for the Pension Fund and some to help companies hit by sanctions.

Russia fears sanctions on refineries

2014-09-12 14:45

Any further Western sanctions which may aim at technology for Russia's modernising oil refineries could lead to gasoline shortages, a government official says.

EU imposes new economic sanctions on Russia

2014-09-12 09:03

The European Union has put a new round of sanctions into effect against Russia, including restrictions on financing for some Russian state-owned companies.

New Russia sanctions to be implemented: Merkel

2014-09-10 16:30

The European Union should go ahead with the announcement of new economic sanctions against Russia, German Chancellor Angela Merkel has urged.

Cuba estimates total damage of US embargo

2014-09-10 10:30

US sanctions against Cuba have cost the island nation $3.9bn in foreign trade over the past year, helping to raise the overall estimate of economic damage.

EU delays enforcing new Russia sanctions

2014-09-09 07:56

The European Union has adopted new sanctions against Russia but delayed enforcing them to leave time to assess whether a ceasefire in Ukraine is holding.

Russia hits back with hints at flight ban

2014-09-08 16:30

Russia has signalled a ban on Western airlines flying over its territory as part of an "asymmetrical" response to new European Union sanctions.

EU business lukewarm on Russia sanctions

2014-09-08 14:35

WIth the EU on the verge of imposing further economic sanctions against Russia, European employers have reacted unenthusiastically to the prospect.

Fruit must keep Russian food embargo at bay

2014-09-02 16:00

Europeans should eat more fruit and vegetables to remedy the impact of Russian restrictions on food imports from the West, says Germany's agriculture minister.

Australia unveils sanctions against Russia

2014-09-01 10:30

Australia has unveiled fresh sanctions against Russia over what Prime Minister Tony Abbott called its "bullying" of neighbouring Ukraine.

Dutch farmers dump tonnes of produces

2014-08-27 16:00

Tonnes of tomatoes, pears and apples have been dumped by Dutch farmers as they signed up for compensation after prices plunged due to Russian sanctions.


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.

Merkel: Bar higher to lift Russian sanctions

2015-01-09 13:45

Europe is reportedly hesitant to lift sanctions against Russia until all elements of an agreement between Ukraine and pro-Russian rebels are fully implemented.

Russia denounces new sanctions

2014-12-21 15:47

Russia says new Western sanctions against Ukraine's Crimea region is a "collective punishment" on residents who voted in a referendum last March to join Russia.

Europe feels sting of Russia sanctions

2014-11-26 14:27

European executives face challenges in doing business with Russia since the West imposed sanctions, this was evident at last month's technology fair in Moscow.

German minister rejects Russia sanctions

2014-11-17 10:51

German Economy Minister Sigmar Gabriel says he does not believe tighter sanctions against Russia will help resolve the Ukraine crisis.

French farmers dump manure in protest

2014-11-05 10:00

A group of more than 300 farmers have dumped around 100 tonnes of manure and rotten vegetables in Chartres in protest at falling food prices.

Sanctions bind Russia's energy elite to Putin

2014-10-29 12:15

An offer by Gazprom to help rival Rosneft salvage an Arctic oil project shows how tightly sanctions have bound Russia's political and business elite together.

Gazprom challenges EU sanctions in court

2014-10-28 20:21

Gazprom Neft, the oil arm of Russia's state gas giant Gazprom, says it has challenged in a European Union court the bloc's sanctions against it.

Russia could freeze prices if inflation soars

2014-10-09 10:15

Russia could temporarily freeze the price paid by consumers for some "vital products" if inflation soars.

EU farmers get aid to deal with Russian ban

2014-09-30 15:03

The European Commission has announced a new set of measures to help fruit and vegetable producers hit by a Russian ban on agricultural imports.

EU likely to keep sanctions on Russia

2014-09-25 19:00

The European Union is likely to keep sanctions on Russia when ambassadors meet to assess progress in implementing Ukraine's peace process, diplomats say.

Russian car sector faces lacklustre two years

2014-09-23 10:22

Russia's auto market is showing no signs of improving in the next two years, having been hit by an economic slowdown and weak rouble.

Russia plans pension raid to cushion sanctions

2014-09-15 20:05

The Russian government plans to raid the state’s pension fund to support big firms against Western sanctions as stricter EU measures are set to take their toll.

Sanctions will freeze big foreign oil projects

2014-09-14 18:30

Fresh US and EU sanctions imposed on Moscow will bring an abrupt halt to exploration of Russia's huge Arctic and shale oil reserves.

Eurozone output jumps more than expected

2014-09-12 14:18

Eurozone industrial output has jumped twice as much as expected, breaking a two month trend of contraction.

Putin may delay Japan visit over sanctions

2014-09-11 16:15

President Vladimir Putin may delay his visit to Japan, because of sanctions Tokyo has imposed on Russia for its role in the Ukraine crisis.

EU must keep pressure on Russia

2014-09-10 11:30

The European Union must keep up pressure on Russia over its involvement in the Ukrainian war because sanctions are having an effect.

Rosneft struggles to grow, sanctions hit Russia

2014-09-09 11:15

The Kremlin's prized oil firm Rosneft is cutting staff and production and selling stakes in Siberian fields in the strongest evidence to date.

EU delays new Russia sanctions

2014-09-08 18:45

European Union governments have delayed signing off on a new package of sanctions against Russia over its involvement in Ukraine.

Top Russian oil companies on EU sanctions list

2014-09-08 14:45

The EU has put Russia's top oil producers on a list of Russian state-owned firms that will not be allowed to raise capital on European markets, says a diplomat.

Russian restaurant chain hit hard by food bans

2014-09-02 17:00

Moscow's sweeping sanctions on European and US food have left the supply chain of Rosinter, one of Russia's largest restaurant chains, in tatters.

No raise in spending from Russia's sovereign fund

2014-09-01 14:15

Russia cannot spend more of the $83bn parked in its National Wealth Fund, says President Vladimir Putin.

EU to aid dairy sector hit by Russian ban

2014-08-28 16:30

The European Union has announced more measures to help European farmers hit by a Russian import ban, expanding the aid to dairy products.

Statoil to keep Rosneft partnership

2014-08-25 15:42

Norwegian energy group Statoil intends to continue its partnership with Russia's Rosneft, despite Western economic sanctions imposed on Moscow.

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