The EU will target Russian gold shipments in its upcoming sanctions package. EU will aim to “close exit routes” for individuals who evaded previous sanctions. The move is a response to the G7’s ban on gold exports from Russia at the end of June. The EU will target Russian gold shipments in its upcoming sanction … Read more
Brent crude futures rose 2.56, or 2.3%, to $115.68 a barrel by 1:56 p.m. ET (1756 GMT). U.S. West Texas Intermediate crude was up $2.51, or 3.3% at $110.14 a barrel. Both crude benchmarks closed down for the second week in a row on Friday as interest rate hikes strengthened the dollar and fanned fears … Read more
Turkey and Russia call for an end to sanctions to let Ukrainian grain enter global market. Sanctions imposed on Moscow’s financial system have hampered Russian grain and fertiliser exports. Cavusoglu offered to organise a meeting to examine the UN plan’s contents in Istanbul. Turkey’s foreign minister termed Russian requests for an end to sanctions to … Read more
Foreign minister announced that New Zealand has imposed new sanctions against Russian institutions. These include financial entities, and the country’s central bank. Mahuta stated that these sanctions target 18 financial organizations that funded Russia, and make up about 80% of Russia’s total banking assets. “These sanctions are designed to impose an economic and political cost,” … Read more
