Category: Economy News

Under sanctions set in place after Russia invaded Ukraine on Feb. 24, foreign currency reserves owned by the Russian central bank at US financial institutions were frozen. But the Treasury Department had been permitting the

Nevertheless, the bloc remains divided over whether to expand those sanctions to energy imports, despite mounting evidence of war crimes committed by Russian forces in Ukraine. Ukraine’s top prosecutor has spoken that 410 bodies had

Russia and the West stay at odds regarding overpayment for natural gas exports. Europe, in particular, is heavily dependent, with Moscow insisting “unfriendly” countries pay for gas deliveries in Russian rubles, a demand G-7 nations

According to Jason Schenker, president of Prestige Economics, the second Cold War has already started. Angela Stent, the senior advisor for Georgetown University’s Center for Eurasian, Russian, and East European Studies, stated that she thinks

The European Union and the United States are selected to unveil a deal on Friday to provide Europe with more US liquefied natural gas (LNG). Sources informed the Reuters news agency that the European bloc

As Filipinos head to the ballots on May 9 to elect a new leader, observers will be monitoring closely to see what the new leadership could tell for the Philippines’ growing ties with Beijing. Foreign policy usually

A U.S. official informed CBS News on Monday that the request from the Kremlin to Beijing primarily involves financial assistance; however, Russia also asked about drones. The Russians seem not to have expected that they

Shenzhen, the largest city in the manufacturing hub of Guangdong province, told all businesses not affected by essential public services to suspend production or have employees work from home for a week beginning Monday. The