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    Opec+ makes big oil cut to boost prices; pump costs may increase

    05 Oct 2022

    The Opec+ alliance of oil-exporting countries on Wednesday decided to sharply cut production to support sagging oil prices.

    China slaps sanctions on US over Hong Kong unrest

    02 Dec 2019

    China suspended US warship visits and sanctioned American NGOs on Monday in retaliation for the passage of a bill backing pro-democracy protesters in Hong Kong. The financial hub has been rocked by nearly six months

    US calls for tougher UNSC sanctions against North Korea

    26 Mar 2022

    "The United States calls on all member states to fully implement the existing Security Council resolutions," US Ambassador to the United Nations Linda Thomas-Greenfield said during the meeting convened to discuss North Korea.

    Oil rises above $112 as Ukraine conflict offsets supply hope

    04 Mar 2022

    Oil rose above $112 a barrel on Friday in a volatile session as fears over disruption to Russian oil exports in the face of Western sanctions offset the prospect of more Iranian supplies in the event of a nuclear deal with Tehran. Signs of an escalation

    Neutral Switzerland’s economy shaken by sanctions on Russia

    06 Mar 2022

    Switzerland’s newly adopted tough stance on Russia has forced the Swiss economy to readjust to sanctions, blowing a wind of panic through the raw materials market in particular. Switzerland announced Monday it would follow the sanctions being

    Visa and Mastercard suspend operations in Russia

    06 Mar 2022

    New York: Card payment giants Visa and Mastercard announced on Sunday they will suspend operations in Russia, the latest major US firms to join the business freeze-out of Moscow over its invasion of Ukraine. “Noting the unprecedented nature

    Taiwan inspects port, tells shippers to follow N.Korea sanctions

    08 Oct 2020

    Taiwan government officials inspected one of the island’s major ports on Thursday to check shippers were in compliance with United Nations sanctions against North Korea, after previously being implicated in breaking them.

    Iran to develop oil industry despite US sanctions

    11 Jul 2020

    Iranian Oil Minister Bijan Zanganeh said in a televised speech on Saturday that Iran is determined to develop its oil industry in spite of US sanctions imposed on the country

    China to sanction US officials for ‘nasty behaviour’ over Taiwan

    18 Jan 2021

    Sino-US ties have worsened as China has already condemned this month’s easing, announced by US Secretary of State Mike Pompeo in the waning days of President Donald Trump’s presidency.

    EU to debate Russia sanctions after Navalny protest arrests

    25 Jan 2021

    “The EU needs to send a very clear and decisive message that this is not acceptable,” Gabrielius Landsbergis said in a video statement, calling for more sanctions on Russian individuals.

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