Tag Archives: sanctions

Moscow, Russia | Xinhua | The Russian economy is withstanding the blow of Western sanctions “quite well” despite all the difficulties, as was evidenced by all the key macroeconomic indicators, President Vladimir Putin said Monday. Putin made the remarks during talks with visiting Belarusian President Alexander Lukashenko in Russia’s Black Sea …

Harare, Zimbabwe | Xinhua | Zimbabwean President Emmerson Mnangagwa has praised Chinese investment for changing the economic landscape in his country and other parts of Africa, while blasting the West for plundering African resources for decades. In his weekly column for the government-run The Sunday Mail newspaper, Mnangagwa said that the …

Caracas, Venezuela | Xinhua | Venezuela confirmed a decision by the United States to ease oil sanctions, calling for a total lifting of the U.S. sanctions on the South American country. “The Bolivarian Government of Venezuela has verified and confirmed the news … that the United States of America has …

Beijing, China | Xinhua | Facts have already proved that sanctions cannot bring peace but only make the world economy worse, a Chinese foreign ministry spokesperson said Thursday. Spokesperson Zhao Lijian also said that the United States, as the world’s largest economy, should do more that is conducive to the recovery …

Brussels, Belgium | Xinhua | The European Union (EU) will phase out Russian crude oil within six months and refined products by the end of the year, European Commission President Ursula von der Leyen said Wednesday, announcing the sixth package of sanctions against Russia. “We now propose a ban on Russian …

Moscow, Russia | Xinhua | Russian President Vladimir Putin signed a decree on Tuesday on retaliatory sanctions against individuals and entities in response to their “unfriendly actions” over the Russia-Ukraine conflict. The measures will be taken in retaliation to “the unfriendly actions of the United States, foreign states and international organizations …

Budapest, Hungary | Xinhua | The European Union (EU) has already announced five rounds of sanctions against Russia, including an import ban on Russian coal. But according to Hungarian political scientist Csaba Moldicz, the sanctions will most likely not reach the desired effect of ending the current conflict in Ukraine. …

Moscow, Russia | Xinhua | Western countries’ “economic blitzkrieg” strategy against Russia has failed, President Vladimir Putin said Monday at a government meeting on economic issues. The main negative factor for the Russian economy in recent years has been Western sanctions, which were aimed at “quickly undermining the financial and economic …

Sanctions by the United States and its allies against Russia have worsened food inflation across the African continent Addis Ababa, Ethiopia | Xinhua | The impact of the Russia-Ukraine conflict is felt internationally, but it affects wheat and oil importing African countries worst, a business leader has said. “The Russia-Ukraine conflict …

New York, U.S. | Xinhua | Oil prices climbed on Thursday as traders weighed the prospect of a European Union (EU) ban on imports of Russian oil. The West Texas Intermediate for May delivery added 2.70 U.S. dollars, or 2.6 percent, to settle at 106.95 U.S. dollars a barrel on the …