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Tag Archives: sanctions

South Sudan pushes for lifting sanctions on oil, gas sector

Juba, South Sudan | Xinhua | South Sudan’s oil and gas sector is being crippled by years of sanctions imposed by the Security Council following the outbreak of armed conflict in the country in 2013, experts said on Tuesday. Puot Kang Chol, Minister of Petroleum, said that the sanctions are curtailing …

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Western sanctions fail to hurt Russian financial stability: PM

Moscow, Russia | Xinhua | Western countries have failed to achieve their main goal of undermining Russia’s financial stability with “unprecedented sanctions,” Russian Prime Minister Mikhail Mishustin said Thursday. The cabinet and the central bank have managed to significantly mitigate the negative impact of unfriendly actions against Russian citizens and businesses, …

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Using dollar supremacy for sanctions is disruptive, says economist

Using dollar supremacy for sanctions could well lead to other countries backing away from it (the dollar) London, UK | Xinhua | The U.S. government’s frequent use of dollar supremacy for sanctions against other countries could negatively impact global trade and finance, an economist has said. “One of the problems with …

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EU imposes more sanctions on Russia

Brussels, Belgium | Xinhua | The European Union on Thursday imposed more sanctions on Russia over its conflict with Ukraine, including a ban on gold imports and the tightening of export controls on high-technology goods. The “reinforced, prolonged EU sanctions against the Kremlin send a strong signal to Moscow: we will …

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Iran says to gradually eliminate dollar in trade with Russia

Tehran, Iran | Xinhua | Iran’s chief banker said the U.S. dollar will be gradually eliminated from Iranian-Russian economic transactions, the official news agency IRNA reported on Thursday. The trade volume between Iran and Russia stood at 4 billion U.S. dollars, which can be conducted through the Iranian currency rial and …

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