Momentum grows to ban Russia from SWIFT payment system
Canada, the United States, Britain, and the European Union on Friday said they could act to exclude Russia from the SWIFT global interbank payments system in a further round of Continue Reading
EU imposes sanctions on Putin as Ukraine pleads for tougher action
EU states agreed to freeze any European assets of Russian President Vladimir Putin and his foreign minister on Friday, as Ukraine’s leader pleaded for faster and more forceful sanctions to Continue Reading
Explainer: Russian banks face exclusion as EU joins new round of sanctions
The United States, Britain, and European Union leaders are targeting Russian banks as part of a new package of sanctions following Moscow’s invasion of Ukraine. Here is a rundown of Continue Reading
Russia’s Gazprom says gas flows via Ukraine meeting European demand
Russian energy giant Gazprom said on Saturday it was supplying gas via Ukraine in line with demand from European consumers despite the military conflict. Demand from European consumers stood at Continue Reading
Swiss Pledge No New Business For Russians Sanctioned by EU
Switzerland said it won’t allow the European Union ’s sanctions against Russia to be circumvented locally by prohibiting targeted Russian individuals or companies from opening new accounts with Swiss banks. Continue Reading
BP’s Rosneft Alliance Tested by U.K. Tough Talk on Russia
The U.K. government has argued for some of the toughest possible sanctions on Russia. At the same time, BP Plc holds one of the single biggest foreign investments in the Continue Reading
The Case for the EU Cutting Off Its Russian Gas Supply Now
Germany halted approval of the pipeline because of the crisis in Ukraine. Sign up to receive the Green Daily newsletter in your inbox. The long buildup to yesterday’s Russian invasion Continue Reading
Sanctions Or Not, Russian Crude Is Getting Hit
Sanctions on Russian banks and oligarchs have not halted Russian oil exports, with Indian refiners scooping up highly discounted Urals crude at a record pace, but Western buyers are hitting Continue Reading
Oil Rally Cools as U.S. Spares Russian Supplies From Sanctions
U.S. coordinating with other nations on potential release WTI trading at $93, falling from its highs of $100 a barrel Oil Market Implications of Russia’s Attack on Ukraine Oil pared Continue Reading
Soaring oil prices could constrain the ability of US to crack down on Putin
Efforts by the US to inflict economic pain on Russia in retaliation for its invasion of Ukraine could be hamstrung if sanctions drive an increase in energy prices. The US Continue Reading