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Sanctions

China cancels its top navy officer’s visit to US over Trump’s sweeping sanctions

China has canceled the visit of its Navy commander to the US, in response to the sanctions imposed by Washington against Beijing over its military cooperation with Russia, the Chinese Ministry of National Defense said. On Thursday, the US State Department imposed sanctions against Beijing’s defense procurement agency, the Equipment Development Department (EED), for its […]

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‘Manifestation of hegemony’: China slams US sanctions over its Russian arms deal

China has hit back at US attempts to force it out of multiple billion-dollar arms deals with Russia, with a defense spokesperson stating that Washington has “no right to interfere” in the dealings of two sovereign states. Wu Qian’s comments come after the US State Department imposed sanctions on Thursday against Beijing’s defense procurement agency, […]

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‘I hope there’ll be no sanctions’ over S-400 purchase plan, Saudi envoy tells Russia

After the US imposed sanctions on China for buying a Russian air defense system, Saudi Arabia, which is in talks to purchase it as well, hopes it won’t suffer the same fate. It is, after all, one of Washington’s best friends.

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‘Remedy the mistake or bear the consequences’: China hits back at US over sanctions on military

Beijing has threatened that Washington will face “consequences” if it doesn’t withdraw the recent batch of sanctions against China over military cooperation with Russia. China’s Foreign Ministry did not mince words, saying Washington should immediately correct its “mistakes” before it’s too late or face the consequences for the decision.

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US sanctions ‘bill from hell’ targeting Russian debt could backfire on Western allies – analyst

The proposed US sanctions targeting Russian bonds, OFZs, will likely hurt not only Moscow, but also numerous holders of such bonds in the West, an analyst has said. The measure was proposed by a group of US senators lead by Republican Lindsey Graham.

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Washington froze Russian assets in US worth hundreds of millions of dollars – US Treasury

Russian-owned assets in the United States worth hundreds of millions of dollars have been frozen as part of Washington’s sanctions campaign against Moscow since 2013, said US Deputy Secretary of the Treasury Sigal Mandelker. “The actions of the US Treasury have had significant consequences for the financial interests of individuals and businesses that were affected, […]

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US Sanctions Moscow Over Chemical Weapons While Ignoring It’s Own Dark Past

Moscow responded to fresh sanctions placed by Washington on Monday over an alleged chemical weapons attack in the United Kingdom last March. Russian officials have slammed the United States and United Kingdom for their hypocrisy and reminded them of their own troubled past concerning chemical weapons usage.

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Turkey & Qatar seal currency swap deal to cut US dollar transactions

Qatar and Turkey have inked a currency swap agreement to boost liquidity and provide financial stability, Qatar’s central bank said, days after Doha pledged $15 billion of direct investment into Turkish markets. The deal, which aims to boost cooperation between the countries, was clinched on Friday. The agreement will set up a two-way currency exchange […]

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Turkey Refuses to Join US Sanctions on Iran, Calls Them ‘Mistake’

The United States has been ramping up pressure on countries around the world in an effort to bring Iran’s oil revenue “down to zero.” Turkey will have no part in possible US sanctions on Iran, the newspaper Dunya reported, citing the country’s Foreign Minister Mevlut Cavusoglu. “We had a US delegation here and we […] explained to them that […]

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German Industry Warns US About Tariff War Ahead of Trump-Juncker Summit

Industrial representatives say the tariffs would harm the US itself. Germany’s Federation of Industries (BDI) has warned that tariffs imposed by Washington on the EU risk harming the US itself. On June 1, the US imposed tariffs on steel and aluminum imported from the EU, and now the White House is currently threatening to extend the tariffs to cars and car parts as well. […]

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Just Business: Why US Energy Giants Are Opposing Anti-Russia Sanctions

Instead of hitting Russia’s energy sector, Washington’s sanctions imposed on Moscow since 2014 have finally backfired on major US oil and gas companies, depriving them of lucrative opportunities and forcing them out of Russia. While Russia is boosting oil output following a decision by OPEC and non-OPEC producers to ease extraction cuts, US petroleum companies are reaping the bitter […]

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US Lawmakers to Introduce Bill to Sanction Russia’s Sovereign Debt

WASHINGTON (Sputnik) – A bill will be introduced in the US Congress to strengthen pressure on Russia by imposing sanctions on the country’s foreign debt in addition to increasing existing sanctions on the energy and financial sectors, US Senators Lindsey Graham and Bob Menendez said in a statement.

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“Chinese Were Prepared, EU Companies Were Not” for US’ Iran Sanctions – Analyst

China’s state-owned energy giant CNPC is ready to replace French energy company Total’s stake in the Iranian South Pars gas project. In 2017, Total and CNPC signed a 20-year contract worth 4.8 billion dollars to develop Phase 11 of Iran’s South Pars field. Sputnik spoke with political analyst Tom McGregor about CNPC’s acquisition plan.

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EU States, Russia, China to Discuss New Iran Deal, Leaving US Sidelined – Report

According to Reuters’ sources, the meeting will solely focus on the implementation issues and details of the Iran nuclear deal. Diplomats from Germany, France, Britain, led by senior EU diplomat Helga Schmid, and also from Russia and China, will be meeting in Vienna next week to discuss a new agreement with Iran similar to the 2015 deal, but one that would put curbs […]

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“US not economic gendarme of planet”: France suggests EU may compensate firms hit by US sanctions

France’s economy minister has suggested that the EU may compensate European companies affected by US sanctions on Iran, stressing that the bloc should not accept Washington as “the economic gendarme of the planet.”

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