Prime Minister Viktor Orban has resisted a proposed E.U. embargo of Russian oil, saying it would devastate his country’s economy, but it would also cut off a source of funds for his political allies.
Tag: Embargoes and Sanctions
U.S. Eyeing Russian Energy Sanctions Over Ukraine War, Officials Say
The revenue powers Vladimir V. Putin’s war machine in Ukraine. But plans for new U.S. sanctions could create problems with China, India and other major buyers.
Strongmen in Turkey and Hungary Stall Unity in NATO and the E.U.
Russia benefits as Turkey slows down Swedish and Finnish applications to NATO and Hungary continues to block an E.U. embargo on Russian oil.
Strongmen in Turkey and Hungary Stall Unity in NATO and the E.U.
Russia benefits as Turkey slows down Swedish and Finnish applications to NATO and Hungary continues to block an E.U. embargo on Russian oil.
Economic Headwinds Mount as Leaders Weigh Costs of Confronting Russia
Top economic officials are gathering this week to discuss how to keep pressure on Vladimir V. Putin without sinking their economies.
Biden Administration Lifting Some Trump-Era Restrictions on Cuba
The changes include an expansion of flights to the country and the restarting of a family reunification program.
At a German Hideaway, Oligarch Villas Challenge a ‘Silent Contract’
Tegernsee, a luxury getaway in Bavaria, is known for quietly hosting the superrich. But war in Ukraine has divided locals about whether the authorities should go after the assets of their wealthy Russian neighbors.
West Increases Pressure on Putin, Including Sanctions on Reputed Girlfriend
The Russian leader was challenged by the prospect of an enlarged NATO, plans to get Ukrainian grain exports past a Kremlin blockade, and sanctions on his purported mistress.
Treasury Warns Foreign Banks Against Helping Russia Evade Sanctions
Adewale Adeyemo, the deputy Treasury secretary, met privately with international financial institutions to make clear the consequences of sanctions evasion.
Sanctions Shed Light on Putin’s Private Life
As Western nations place sanctions on people close to the Russian leader, including family members, the strict secrecy surrounding his private life is being punctured.