Oil slips below $28 after Iran sanctions lifted

2016-01-18 07:13

Brent crude fell below $28 a barrel in Asia for the first time in over 12 years on fears about a worsening supply glut after Western sanctions on Iran were lifted.

US adds Russian oil field to sanctions list

2015-08-09 13:09

The United States has added a Russian oil and gas field, the Yuzhno-Kirinskoye Field, to its list of energy sector sanctions prompted by Moscow's actions in Ukraine.

Putin: Russia is weathering sanctions storm

2015-06-22 13:00

President Vladimir Putin says Russia has "sufficient supply of inner strength" to overcome its economic problems.

Putin sees Russia returning to growth

2015-04-16 13:30

President Vladimir Putin says Russia's economy could return to growth in less than two years, even though its unlikely that the West will lift economic sanctions.

Russia looks to Africa to boost exports

2015-04-07 12:11

Russia is pursuing costly state oil and platinum projects in Africa despite its economic crisis, hoping they will bolster sales for sanctions-hit businesses.

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.


Crimeans enter 2016 struggling, but optimistic

2015-12-28 17:39

Crimeans enter New Year with struggles, but no desire to return to Ukraine's fold, reports say, although many inhabitants face hardship.

Iran, Germany to hold major economic conference

2015-07-20 20:00

Germany and Iran soon will hold their first economic conference in a decade in the wake of a deal with world powers over the country's nuclear programme.

Putin visits Italy with eyes on EU sanctions

2015-06-10 11:45

President Vladimir Putin will be on the lookout for signs of dissent over European Union sanctions on Russia when he visits Italy, but is likely to be disappointed.

Russia supplying grains, goods for Iranian oil

2015-04-13 13:12

Russia has started supplying grains, equipment and construction materials to Iran in exchange for crude oil under a barter deal, Russian Deputy Foreign Minister Sergei Ryabkov says.

Russia, Greece to discuss EU sanctions

2015-04-05 12:00

Russian President Vladimir Putin and Greek Prime Minister Alexis Tsipras plan to discuss economic ties and the European Union's sanctions against Moscow.

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.

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