President Biden announced Friday that the U.S. is imposing more than 500 new sanctions targeting Russia, marking two years since Russian President Vladimir Putin ordered the full-scale invasion of Ukraine and responding to the death last week of Russian opposition figure Alexei Navalny. “If Putin does not pay the price for his death and […]
Tag: sanctions
Fed retirement plan allows investments in sanctioned Chinese companies
Millions of federal employees can invest in Chinese companies sanctioned by the U.S. government via its flagship retirement plan, even though these companies have been branded a danger to national security or are accused of profiting from forced labor or other human rights abuses. Since June 2022, the federal government’s employee retirement plan—the largest in […]
The Western brands unable to leave Russia
The invasion of Ukraine has led many Western brands to shun Russia, but some still have outlets open in the country and say they are not able to shut them. Marks and Spencer, Burger King, and hotel groups Marriott and Accor are restricted by complex franchise deals preventing them from withdrawing. The firms have outsourced […]
Russia sanctions: How the measures have changed daily life
The US, UK and EU have put in place unprecedented financial penalties on Russia over its invasion of Ukraine, and hundreds of international companies have pulled out of the country. The impact of these measures is just starting to be felt, with the cost of basic products rising, a looming risk of job losses, and […]
Here’s how sanctions on Russia will actually cost you more
As the United States and Europe ramp up their sanctions on Russia, Western consumers will soon face rising costs. That’s true even for American consumers, even though relatively few Russian exports reach US shores. The higher prices are modest compared to the destruction of life and property in Ukraine. But the price pressures come at […]
US Lawmakers Working On Bill To Sanction Russia
U.S. lawmakers negotiating a Russia sanctions bill were getting “closer and closer” to an agreement, Senate Democratic leader Chuck Schumer said on Tuesday. Russia has amassed troops and equipment along its border with Ukraine, stoking fears of an invasion. Washington has threatened Moscow with sanctions should it attack Ukraine. “It is moving along but there […]
Biden Lifting Economic Sanctions On Iran
An Iran Revolutionary Guard general said America is and always will be an enemy of Iran. General Amir Ali Hajizadeh reecently called out ineffective U.S. foreign policy during a broadcast on Iran’s Noor TV. This comes as the deadline closes in for Joe Biden to restart negotiations on the failed nuclear deal. “If the enemy […]
Biden To Lift Sanctions On Iran’s Supreme Leader?
WASHINGTON — The Biden administration is considering lifting sanctions on Iran’s supreme leader as part of negotiations aimed at reviving the 2015 nuclear deal, a former U.S. official and two people familiar with the matter told NBC News. U.S. and Iranian negotiators have discussed the possible move in indirect talks in Vienna, as part of […]
Biden Sanctions Russia For Cyberattacks, Soldier Bounties, And Election Interference
The U.S. and Russia entered a new phase of heightened tensions Thursday after President Biden announced punishing sanctions over cyberattacks, election interference and threats against U.S. soldiers in Afghanistan. The decision to impose sanctions comes as Biden is attempting to strike a delicate balance of forcefully confronting Russian President Valdimir Putin and seeking open communication […]
Congress Passes New Sanctions On Russia And Undermines Trump’s Authority
The House and Senate have struck a deal that could send to President Trump’s desk this summer a bill that slaps new sanctions on Russia. In addition to the new sanctions on Russia for its interference in the U.S. 2016 election and its military aggression in Ukraine and Syria, the bill also gives Congress the […]
Conservatives Angling To Fire Mueller Due To His Investigation Of Trump
Jeff Sessions will likely continue to lead the Department of Justice, despite the public clash between President Donald Trump and his choice for attorney general. But Trump’s frustration with the direction of the Russian probe and the special prosecutor are understandable, said Tom Fitton, president of Judicial Watch, a government watchdog group. “Sessions should un-recuse […]
Sanctions On Russia To Be Lightened
The Trump administration appeared to loosen U.S. sanctions Thursday that the Obama administration had imposed against Russia in response to its cyberattacks in the 2016 presidential election. The Treasury Department published a license that authorizes certain transactions between U.S. companies and the FSB, Russia’s security service and for the importation, distribution or use of “certain […]