Russia
With Russian sanctions, small companies may be in for a big surprise
U.S. President Joe Biden speaks on developments in Ukraine and Russia, and announces sanctions against Russia, from the East Room of the White House February 22, 2022 in Washington, DC. Drew Angerer | Getty Images Over 400 multinational corporations have pulled out of Russia as a result of its invasion of Ukraine. It’s not only […]
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TotalEnergies boss says he won’t work with Putin again — but refuses to write off Russian assets
The CEO of TotalEnergies on Saturday defended the company’s refusal to fully exit Russia, but said it would never do business with President Vladimir Putin again. Speaking to CNBC’s Hadley Gamble, Patrick Pouyanne, chairman and CEO of TotalEnergies, said he was not prepared to write off the company’s assets in Russia as it would effectively […]
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Ukraine-Russia crisis is driving countries to explore new ways of pricing oil, Qatar says
Qatar’s foreign minister has said the conflict in Ukraine, and its geopolitical ramifications, is pushing some countries to explore new ways of pricing oil — not in the dollar. The comments, made Saturday by Mohammed bin Abdulrahman Al-Thani, come after a Wall Street Journal report that Saudi Arabia is in accelerated talks with China to accept yuan […]
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Biden set to give major speech in Poland; Ukraine’s Zelenskyy asks Middle East to increase energy output
Ukraine’s Zelenskyy to Doha forum: I ask you to increase energy output Ukraine’s President Volodymyr Zelenskyy has spoken at the Doha Forum conference’s opening ceremony. Speaking via video link, he said: “I ask you to increase output of energy so everyone in Russia understands that no one can use energy as blackmail,” according to a […]
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Venture capital fund backed by Russian oligarch Abramovich removes all traces of operations online
Chelsea owner Roman Abramovich is seen on the stand during the Barclays Premier League match between Chelsea and Sunderland at Stamford Bridge on December 19, 2015 in London, England. Clive Mason | Getty Images A venture capital fund backed by sanctioned Russian billionaire Roman Abramovich appears to be trying to wipe any trace of its […]
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Spotify pulls out of Russia citing new laws restricting free expression
Spotify app Jaap Arriens | NurPhoto | Getty Images Spotify said Friday it’s pulling out of Russia entirely because recent laws restricting news operations could put the streamer’s employees and listeners at risk. It expects operations to be fully suspended by the end of April. Spotify’s decision to pull out of Russia underscores the balance […]
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Treasury Secretary Yellen sees no need for China sanctions as U.S. tries to deter aid to Russia
Treasury Secretary Janet Yellen on Friday said she does not believe the U.S. should impose sanctions on China because of its ties to Russia. “I don’t think that that’s necessary or appropriate,” the Treasury secretary told “Squawk Box” of potential penalties on Beijing. “Senior administration officials are talking privately and quietly with China to make […]
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Biden heads to Poland to showcase the human cost of Russia’s war on Ukraine
US President Joe Biden makes a statement about Russia with European Commission President at the US Chief of Mission residence in Brussels, on March 25, 2022. Brendan Smialowski | Afp | Getty Images President Joe Biden will land in to Rzeszow, Poland, on Friday to begin the second leg of his emergency trip to Europe, […]
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Biden to visit Polish border; Ukraine reoccupies towns and regains ground, UK says. Follow our live updates
U.K. sees Ukraine pushing Russian forces back, reclaiming ground Ukraine has re-occupied control of towns and defensive positions up to 35 kilometers east of the capital Kyiv, according to the U.K.’s Defense Ministry, with Russian troops seen falling back on “overextended supply lines.” The Defense Ministry said via Twitter that Ukrainian forces are likely to […]
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Chip industry under threat with neon production set to fall off a cliff following Russia’s invasion of Ukraine
An image of a semiconductor wafer. I-Hwa Cheng | Bloomberg | Getty Images Russia’s war in Ukraine could see the production of neon, a critical gas in advanced semiconductor manufacturing, fall to worryingly low levels at a time when the world is already grappling with a chip shortage. Neon is required for the lasers that […]
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