Russia reveals huge cost of Western food ban

2014-08-20 19:27

Agriculture Minister Nokolai Fyodorov has warned that Moscow must spend billions of dollars subsidising farmers to avoid a shortage caused by its ban on Western foods.

EU fruit, vegetable growers to get €125m

2014-08-18 13:30

EU farmers will get financial help of up to €125m to help them cope with the impact of Russia's ban on most Western food imports.

Poland mulls sanctions on Russian coal

2014-08-14 20:32

Poland is considering imposing sanctions on the import of Russian coal, Foreign Minister Radoslaw Sikorski says.

Russian oil giant seeks funds for pensions

2014-08-14 18:00

Russia's largest oil producer Rosneft, is seeking a $42bn loan from a fund earmarked for Russian pensions to help it weather Western sanctions.

More companies vulnerable to US sanctions

2014-08-14 10:00

Companies even partly owned by individuals sanctioned by the US government could find themselves blacklisted as the result of a rule change.

Ukraine mulls Russian sanctions

2014-08-12 18:35

Ukraine’s parliament has backed the first reading of a bill to impose sanctions on Russian companies and individuals.

Turkish exporters enjoy boost from Russian ban

2014-08-12 15:46

Russian companies have increased their orders from Turkish firms after Moscow stopped imports of most food from the West in retaliation for US and EU sanctions.

Ukraine suggests revision for gas deals

2014-08-11 15:08

European companies would have to agree major contract revisions when purchasing Russian gas if the country's parliament imposes sanctions on Russian gas.

Estonia takes aim at Swiss over sanctions

2014-08-10 15:45

Switzerland is acting in its own self interest by not imposing its own sanctions against Russia over Ukraine, says Estonia's president.

Euro farmers feel Russian sanctions bite

2014-08-08 18:00

A wide array of small fresh food producers have felt the first impact from Moscow's tit for tat ban on their goods.

Russia food ban offers new hope for Brazil

2014-08-08 09:07

Russia's ban on many western food products presents a massive opportunity for meat and grain exports from agricultural powerhouse Brazil.

Sanctions-hit Russia readies to strike back

2014-08-07 06:00

Russia may be on the verge of retaliating with its own economic sanctions by closing air space to Western airlines, which will affect already-struggling firms.

Russia sanctions threaten US poultry sector

2014-08-04 14:34

Russia's threatened ban on US poultry imports, the latest move in a sanctions skirmish over Moscow's support of rebels, has agriculture companies on the alert.

Sanctions will hurt, but needed - Germany

2014-08-03 20:36

Tough economic sanctions against Russia will hurt Germany's economy but they are necessary for the sake of peace in Europe, says Vice-Chancellor Sigmar Gabriel.

Russian banks dismiss investor fears

2014-08-01 10:22

Russia's three largest banks have sought to convince investors that they are able to meet obligations, despite their inclusion on the EU's sanction list.

Russia defiant as cost of sanctions mounts

2014-07-30 15:54

European economists say sanctions may cost Russia up to €23bn in 2014, while a Russian bank official reportedly said the economy could even go into a recession.

Russia sanctions threaten to blow eurozone

2014-07-30 10:45

The knock to confidence from harsher European sanctions on Russia could spoil the eurozone's budding economic recovery.

US law maker: Mynamar must reform

2014-07-25 16:15

Jade and rubies from Myanmar will remain banned from the US unless opposition leader Aung San Suu Kyi can run for president, a top official says.

Obama, Rutte want more Russia sanctions

2014-07-25 12:45

US President Barack Obama and Netherlands Premier Mark Rutte have agreed that more sanctions must be imposed on Russia for its support of pro-Russian separatists.

EU to discuss possible new Russia sanctions

2014-07-22 16:00

European Union governments will discuss a specific list of possible new targets for Russia sanctions.

US hits Russia with biggest sanctions yet

2014-07-17 09:25

President Barack Obama has imposed the toughest package of US economic sanctions yet on Russia, hitting Russia's largest oil producer Rosneft.

US to unveil record $9bn fine for BNP

2014-06-30 07:42

The US Justice Department is expected to announce a settlement with BNP Paribas involving a record fine of nearly $9bn over alleged US sanctions violations.

Merkel ready to toughen Russia sanctions

2014-06-04 15:45

German Chancellor Angela Merkel says she would not hesitate to impose economic sanctions on Russia if the situation in Ukraine were further destabilised.

Putin: Sanctions will boomerang

2014-05-23 13:24

President Vladimir Putin says sanctions imposed on Russia over the crisis in Ukraine would have a boomerang effect on the West.

France will honour Russian contract

2014-05-12 19:07

France will press ahead with a contract to sell Mistral helicopter carriers to Russia because cancelling the deal will do more damage to Paris than to Moscow.


Russian sanctions threaten Europe's farmers

2014-08-18 16:27

As the European Union's second biggest apple producer, Poland has some 700 000 tonnes of the fruit it usually sells to Russia but can't, due to the food embargo.

EU unity on Russia sanctions fraying

2014-08-15 17:00

European Union foreign ministers have voiced concern at reports that Russian military vehicles had crossed into Ukraine overnight.

Ukraine passes law allowing Russia sanctions

2014-08-14 18:15

Ukraine's parliament has approved a law paving the way for a string of sanctions on Russian firms and nationals accused of backing an uprising in the country.

European experts start emergency talks

2014-08-14 15:00

Agricultural officials from all 28 European Union countries began emergency talks to weigh the impact of Russia's ban on Western food imports.

Beware sanctions fall-out

2014-08-14 07:02

SA will also be hit if Europe and Russia's economic war hots up, says Leopold Scholtz.

Russia to boost wheat supplies to Egypt

2014-08-12 17:05

Russia will supply at least 5 million tons of wheat to Egypt and will increase agricultural goods imports from the North African country.

Russia, Belarus talk about banned Western food

2014-08-12 15:28

Moscow has sent officials to Belarus, which has a free trade zone with Russia, after it said it would not become a conduit for banned Western food products.

US to import apples banned by Russia - Poland

2014-08-11 09:30

Poland has asked the United States to open its market quickly to Polish apples banned by Russia in a sanctions war over the crisis in Ukraine.

ExxonMobil starts drilling in Russia's Arctic

2014-08-10 13:30

US oil giant ExxonMobil has begun drilling in Russia's Arctic despite Western sanctions imposed on its Russian partner Rosneft.

German companies start to feel Russia pain

2014-08-08 10:49

Companies in Germany, Russia's biggest trade partner in the European Union, are starting to feel the pain of a deepening standoff between the West and Moscow.

Russia promises US, EU food import bans

2014-08-07 09:00

Russia will impose "quite substantial" bans on the US and EU food imports and has already decided to suspend US poultry imports.

Russia, Iran set for oil-for-goods talks

2014-08-06 14:00

Russia and Iran have agreed to discuss a contract for Tehran to export 2% of its annual oil production in an apparent circumvention of sanctions.

US sanctions prevent tycoon from using jet

2014-08-04 11:00

A Russian businessman and associate of Vladimir Putin says he cannot use his luxury jet because of US sanctions over the crisis in Ukraine.

Russia has reserves to ride out sanctions

2014-08-01 16:15

Mathematically Russia has enough reserves to hold out for at least two years before Western sanctions start to choke the economy.

Sanctions to impact Russia's Lukoil

2014-07-31 16:20

Russia's second-largest oil producer Lukoil says Western sanctions would force the company to reduce its investment programme.

Moscow-based lobby regrets new EU sanctions

2014-07-30 13:15

The Moscow-based Association of European Businesses says it "deeply regrets" new sanctions imposed by the European Union on Russia.

Moscow won't respond in kind to sanctions

2014-07-28 12:00

Russian Foreign Minister Sergei Lavrov has said that Moscow would not take tit-for-tat measures or act "hysterically" in response to sanctions imposed by the US and EU.

EU set to up the ante on Russia sanctions

2014-07-25 15:15

European Union ambassadors have reached a preliminary agreement to push ahead with hard-hitting economic sanctions against Russia over the Ukraine crisis.

More Russian sanctions still an option - US

2014-07-22 19:00

The United States is continuing to review its sanctions on Russia amid the conflict in Ukraine, including the downed Malaysian airliner shot down last week.

UK, France, Germany eye fresh Russia sanctions

2014-07-20 15:34

Britain, Germany and France have agreed they should be ready to ratchet up sanctions on Russia over the downing of a Malaysian jet.

US in sanctions talks with Germany banks

2014-07-09 10:57

US authorities have begun settlement talks with Germany's Commerzbank and Deutsche Bank over their dealings with countries blacklisted by the United States.

G7 willing to step up sanctions on Russia

2014-06-05 13:30

The world's leading industrialised nations have threatened to impose harder-hitting sanctions on Russia if it does not help restore stability to eastern Ukraine.

Russian business feels sanctions' impact

2014-05-23 15:26

President Vladimir Putin says Western sanctions imposed on Russia over Ukraine are having a real impact on domestic businesses.

EU widens Ukraine sanctions to raise pressure

2014-05-13 10:55

The European Union has taken a cautious step to expand sanctions against Russia, targeting two Crimean companies and 13 people.

EU cautious about pressure on Russia

2014-05-12 14:36

The European Union was set to take a cautious step towards extending sanctions against Russia, targeting companies, as well as people.

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