WASHINGTON (Reuters) - The United States and European partners are exploring banning Russian oil imports, U.S. Secretary of State Antony Blinken said on Sunday, but stressed the importance of steady oil supplies globally. "We are now in very active discussions with our European partners about banning the import of Russian oil to...[READ MORE]
WASHINGTON (Reuters) -The U.S. government on Tuesday announced a ban on Russian flights from American airspace following similar moves by the European Union and Canada after Russia's invasion of neighboring Ukraine. "I am announcing that we will...[READ MORE]
WASHINGTON (Reuters) -The executive board of the World Bank on Tuesday approved a plan to use more than $1 billion from a frozen Afghanistan trust fund to finance urgently needed education, agriculture, health and family programs, the bank announced. The plan, which will bypass sanctioned...[READ MORE]
Baroness Catherine Hoey, UK Prime Minister’s Trade Envoy to Ghana, says the lack of international certification in gold trade is making it difficult for countries to directly buy gold from Ghana. She said the UK had interest in buying gold directly from Ghana but the country could not do so due to the lack of London Bullion Market Association (LBMA)...[READ MORE]
NEW YORK (Reuters) - Western sanctions on Moscow could throw the small but lucrative Russian investment banking business that several large U.S. banks have maintained into question, lawyers said, which could deal a hit to tens of millions of dollars in fees. Major U.S. banks, including JPMorgan Chase & Co, Morgan Stanley and...[READ MORE]
Nigerian Breweries Plc has rewarded 374 trade partners and seven transporters at its annual Distributors’ Awards held in Abuja. At the award ceremony, which took place recently in the Federal Capital Territory, Ken Maduakor Group Limited emerged as the National Volume Champion and best distributor in 2021. Chrisemua and Sons Nigeria Ltd and J. Ogungbola...[READ MORE]
BRUSSELS (AP) — The United States and European allies said Friday they were stepping up sanctions over Russia's invasion of Ukraine by adding measures directly targeting President Vladimir Putin and his foreign minister, putting diplomatic appeals to one side as Russia's forces closed on Ukraine's capital. The move by the...[READ MORE]
WASHINGTON (AP) — The Biden administration sought Friday to assure financial institutions and other businesses that U.S. sanctions on the Taliban aren’t intended to interfere with trade that could help Afghanistan emerge from an economic and humanitarian crisis. [READ MORE]
WASHINGTON (Reuters) -President Joe Biden's administration on Friday restored sanctions waivers to Iran to allow international nuclear cooperation projects, as indirect American-Iranian talks on reviving the 2015 international nuclear deal with Tehran enter the final stretch. The waivers had allowed Russian, Chinese and European...[READ MORE]
UNITED NATIONS (AP) — China’s U.N. ambassador said Friday the U.S. should come up with “more attractive and more practical” policies and actions to reduce tensions with North Korea and avoid a return to a “vicious circle” of confrontation, condemnation and sanctions over its nuclear and ballistic missile program. [READ MORE]