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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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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 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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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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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 »

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 »