Budapest, Hungary | Xinhua |Â The Western countries’ sanctions against Russia have turned the “local” conflict between Russia and Ukraine into a “global economic war,” Hungary’s Prime Minister Viktor Orban said on Monday. An increasing number of countries across the world are becoming “victim” of the conflict in Ukraine, Orban said …
Read More »Cuba to present resolution to lift U.S. trade embargo at UN General Assembly
Havana, Cuba | Xinhua | Cuba will again submit a resolution against the U.S. trade embargo at this year’s United Nations General Assembly in November, Foreign Affairs Minister Bruno Rodriguez Parrilla said Thursday. “After more than 60 years of siege, that policy impacts, like never before, Cuban families inside and …
Read More »South Sudan pushes for lifting sanctions on oil, gas sector
Juba, South Sudan | Xinhua |Â South Sudan’s oil and gas sector is being crippled by years of sanctions imposed by the Security Council following the outbreak of armed conflict in the country in 2013, experts said on Tuesday. Puot Kang Chol, Minister of Petroleum, said that the sanctions are curtailing …
Read More »Western sanctions fail to hurt Russian financial stability: PM
Moscow, Russia | Xinhua |Â Western countries have failed to achieve their main goal of undermining Russia’s financial stability with “unprecedented sanctions,” Russian Prime Minister Mikhail Mishustin said Thursday. The cabinet and the central bank have managed to significantly mitigate the negative impact of unfriendly actions against Russian citizens and businesses, …
Read More »‘US sanctions on Russia not responsible for high commodity prices’
Kampala, Uganda | THE INDEPENDENT | America’s sanctions on Russia are not to blame for the increasing prices of food and petroleum products across the globe, the United States of America’s Permanent Representative to the United Nations Linda Thomas-Greenfield has said. The world has recorded a sharp rise in prices …
Read More »Iran slams U.S. addiction to sanctions as feature of hegemonic system
Tehran, Iran | Xinhua |Â The Iranian Foreign Ministry said on Tuesday that the U.S. addiction to sanctions and using them as leverage against others is a characteristic of the U.S. hegemonic system. Nasser Kanaani, the ministry’s spokesman, made the remarks on Tuesday in reaction to new U.S. sanctions imposed on …
Read More »Using dollar supremacy for sanctions is disruptive, says economist
Using dollar supremacy for sanctions could well lead to other countries backing away from it (the dollar) London, UK | Xinhua |Â The U.S. government’s frequent use of dollar supremacy for sanctions against other countries could negatively impact global trade and finance, an economist has said. “One of the problems with …
Read More »Brazilian president rejects sanctions against Russia to guarantee fertilizer imports
Sao Paulo, Brazil | Xinhua |Â Brazilian President Jair Bolsonaro reiterated Monday his opposition to economic sanctions against Russia, in order to retain the supply of Russian fertilizer imports to Brazilian agribusiness. “We are not going to adhere to sanctions (against Russia). We maintain a balanced position because without Brazil’s balance …
Read More »Implementing Russia-Ukraine grain export deal needs to overcome sanctions, trust issues
Russia and Ukraine separately signed a deal in Istanbul Friday with Türkiye and the United Nations to resume grain shipments from Ukrainian ports to international markets via the Black Sea Moscow, Russia | Xinhua | Russia and Ukraine separately signed a deal in Istanbul on Friday with Türkiye and the United …
Read More »EU imposes more sanctions on Russia
Brussels, Belgium | Xinhua |Â The European Union on Thursday imposed more sanctions on Russia over its conflict with Ukraine, including a ban on gold imports and the tightening of export controls on high-technology goods. The “reinforced, prolonged EU sanctions against the Kremlin send a strong signal to Moscow: we will …
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