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 | 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 …
Read More »Iran says to gradually eliminate dollar in trade with Russia
Tehran, Iran | Xinhua | Iran’s chief banker said the U.S. dollar will be gradually eliminated from Iranian-Russian economic transactions, the official news agency IRNA reported on Thursday. The trade volume between Iran and Russia stood at 4 billion U.S. dollars, which can be conducted through the Iranian currency rial and …
Read More »Iran pursues dynamic diplomacy to counter U.S. isolation
Tehran, Iran | Xinhua | U.S. President Joe Biden’s first Middle East tour meant to rally support to counter what he called “Iranian threats” is most likely to see a watered-down achievement, given Iran’s sustained efforts to improve relations with neighbors and other countries in the region, analysts said. A handful …
Read More »EU to ban Russian gold imports in new sanctions package
Brussels, Belgium | Xinhua | The European Commission on Friday adopted a proposal for a seventh package of measures that will ban the importation of Russian gold. The proposal is part of a new set of measures that are intended to improve the implementation and effectiveness of the EU’s six earlier …
Read More »Western sanctions bring Iran, Russia closer in trade, economy
Tehran, Iran | Xinhua | An Iranian lawmaker said on Monday that the Western sanctions on Iran and Russia have brought the two sides closer to each other in trade and economy, official news agency IRNA reported. Iran and Russia are providing one another with the products they fail to have …
Read More »UN Security Council renews sanctions on DRC
Security Council’s sanctions on the DRC are designed to curb the violent activities of armed groups United Nations | Xinhua | The United Nations Security Council on Thursday renewed the sanctions imposed on the Democratic Republic of the Congo (DRC). Adopting resolution 2641 by a vote of 10 in favor to …
Read More »Russia legalizes parallel imports amid Western sanctions
Moscow, Russia | Xinhua | Russian President Vladimir Putin signed a bill into law on Tuesday legalizing “parallel imports” in the country in a bid to stabilize prices amid Western economic sanctions. The law protects Russian companies that import certain categories of goods without the permission of the intellectual property owner, …
Read More »G7 summit concludes, pledging new sanctions on Russia
Elmau, Germany | Xinhua | The leaders of the Group of Seven (G7) nations vowed to “continue to impose severe and immediate economic costs” on Russia at the conclusion of their three-day summit on Tuesday. They said they were seeking to impose a “price cap” on Russian oil, but no specific …
Read More »U.S. president touts gas tax holiday amid surging energy prices
Washington, U.S. | Xinhua | The White House has proposed a gasoline tax holiday in a bid to bring down record energy prices. But economists doubt such a move will have any major impact. “Such a tax holiday might reduce gas prices by up to 18 cents a gallon but will …
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