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China imposes sanctions against U.S. lawmakers over Hong Kong

BEIJING (Reuters) – China said it would apply sanctions against 11 U.S. citizens including officials from Monday in response to Washington’s move on Friday to impose sanctions on 11 Hong Kong and Chinese officials whom it accused of curtailing political freedo... More »

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What do new U.S. sanctions mean for Syria?

AMMAN (Reuters) – The toughest U.S. sanctions yet on Syria take effect this week, increasing the pressure on President Bashar al-Assad as he grapples with a deepening economic crisis after a decade of war. Washington says sanctions will help hold Assad and his... More »

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U.S. buyers of Venezuelan oil sub in Shell, BP offshore crude

NEW YORK (Reuters) – U.S. sanctions on Venezuela’s oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights, as refiners in need of substitutes are scooping up oil produced in the region. Those two companies ... More »

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U.S. lifts sanctions on Rusal, other firms linked to Russia’s…

WASHINGTON (Reuters) – U.S. President Donald Trump’s administration on Sunday lifted sanctions on aluminum giant Rusal and other Russian firms linked to oligarch Oleg Deripaska, defying a Democratic-led push in the U.S. Congress to maintain the restrictions. E... More »

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Rusal chairman resigns as part of deal to lift U.S. sanctions-…

HONG KONG (Reuters) – Aluminum giant Rusal said on Monday Jean-Pierre Thomas had resigned as chairman and director of the company as a pre-requisite for a decision by the United States to lift sanctions on the company. Shares in Hong Kong-listed Rusal jumped m... More »

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Rusal appoints independent director as new board chairman

MOSCOW/HONG KONG (Reuters) – Russian aluminum company Rusal said on Friday it has appointed independent non-executive director Jean-Pierre Thomas as its new chairman as part of an agreed restructuring in exchange for the lifting of U.S. sanctions. The previous... More »

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Rusal says Deripaska has not formally resigned- reiterates…

HONG KONG (Reuters) – Russia’s largest aluminum producer Rusal said on Monday it has not received a formal resignation from director Oleg Deripaska, and reiterated that its business and prospects may be affected by U.S. sanctions. Washington imposed sweeping s... More »

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Credit Suisse fully compliant on sanctions: CEO

ZURICH (Reuters) – Swiss bank Credit Suisse complies with sanctions regimes wherever it does business, Chief Executive Tidjane Thiam said after two U.S. senators demanded big banks disclose any links to rich Russians. “I can’t comment on the (senators’ request... More »

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Russia lawmakers draft list of U.S. imports that could be banned

MOSCOW (Reuters) – Russia’s lower house of parliament is to consider draft legislation that would give the Kremlin powers to ban or restrict a list of U.S. imports, reacting to new U.S. sanctions on a group of Russian tycoons and officials. Senior lawmakers in... More »

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Russia may stop exporting titanium to Boeing: RIA

MOSCOW (Reuters) – Russia may stop supplying titanium to Boeing if a proposed set of measures in retaliation to U.S. sanctions is approved, the RIA news agency quoted Sergei Ryabukhin, head of the budget committee of the upper house of Russia’s parliament, as ... More »

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Actions taken on Russian firms by market institutions after new…

LONDON (Reuters) – Banks, index providers and dealing platforms are trying to distance themselves from a group of Russian companies targeted by the latest U.S Treasury Department sanctions. The measures give U.S. investors until May 7 to divest any stocks, bon... More »

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Column: U.S. sanctions on Rusal threaten aluminum turmoil: Andy Home

LONDON (Reuters) – U.S. tariffs on imports have already roiled the aluminum market. U.S. sanctions on Oleg Deripaska and his companies are going to cause even more turmoil, given they encompass Rusal, which produces around 6 percent of the world’s aluminum. De... More »

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ECB stops all ABLV Bank payments amid U.S. corruption probe

A security guard speaks on her mobile phone at the head office of the ABLV Bank in Riga, Latvia February 18, 2018. REUTERS/Ints Kalnins FRANKFURT (Reuters) – The European Central Bank stopped all payments by Latvian lender ABLV Bank on Monday as its liquidity ... More »

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U.S. official: ‘Would be surprised’ if Russia doesn’t face…

WASHINGTON (Reuters) – U.S. State Department spokeswoman Heather Nauert said on Thursday she would be surprised if the United States doesn’t at some point impose sanctions on Russian firms or entities covered by a U.S. sanctions law that went into effect in la... More »

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South Sudan says president not connected to sanctioned businessman

FILE PHOTO: South Sudan’s President Salva Kiir Mayardit reacts upon arrival at Khartoum airport, Sudan November 1,2017. REUTERS/Mohamed Nureldin Abdallah/File Photo JUBA (Reuters) – South Sudan denied on Friday that a businessman sanctioned by the United State... More »

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Kremlin hopes U.S. finds `political wisdom` to solve diplomatic row

The Russian Embassy’s compound in Centreville, Maryland, U.S. is pictured in this still image taken December 30, 2016 from NBC4/WRC-TV helicopter video footage. MANDATORY CREDIT NBC4/WRC-TV/Handout via REUTERS The Kremlin said on Monday it hoped the Trump admi... More »

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Treasury chief says reviewing Iran`s aircraft licenses

U.S. Treasury Secretary Steven Mnuchin discusses the Trump administration’s budget plan during the Peterson Foundation’s 2017 Fiscal Summit in Washington, U.S., May 23, 2017. REUTERS/Jim Bourg The U.S. Treasury is reviewing licenses for Boeing Co and Airbus to... More »

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ZTE warns of impact of U.S. sanction settlement penalties

The company name of ZTE is seen outside the ZTE R&D building in Shenzhen, China April 27, 2016. REUTERS/Bobby Yip/File Photo Chinese telecom equipment maker ZTE Corp warned on Tuesday that penalties it expects to incur for allegedly breaking U.S. sanctions aga... More »

China’s ZTE to name new management team on Tuesday: spokesman

HONG KONG Chinese telecom equipment and smartphone maker ZTE Corp will announce a new management team on Tuesday, a spokesman said. ZTE’s board of directors will meet to approve the new team, and a stock exchange filing is expected on Tuesday afternoon, ZTE sp... More »

Sanctions fears choke nascent U.S. trade with Myanmar

WASHINGTON/NEW YORK/YANGONWestern banks are cutting trade finance in Myanmar after learning that part of the country’s main port is controlled by a man blacklisted by Washington, threatening to stop nascent U.S. economic ties with the Southeast Asian nation in... More »