Latest Trade barriers News
North Korea denies sending arms to Russia amid Ukraine war
SEOUL, South Korea (AP) — North Korea says it hasn’t exported any weapons to Russia during the war in Ukraine and has no plans to do so, and said U.S. intelligence reports of weapons transfers were an attempt to tarnish North Korea's image. In a state media report Thursday, an...
China keeps West guessing about economic pressure on Russia
BEIJING (AP) — Chinese leader Xi Jinping is keeping the West guessing about whether Beijing will cooperate with tougher sanctions on Russia as he meets President Vladimir Putin a year after declaring they had a “no limits” friendship ahead of the Kremlin’s invasion of Ukraine. ...
Germany: No option but to permit Russian uranium shipment
BERLIN (AP) — The German government said Monday that it can't stop a shipment of Russian uranium destined for French nuclear plants from being processed at a site in Germany because atomic fuel isn't covered by European Union sanctions on Russia. Environmentalists have called on...
China's export growth sinks in August, imports shrink
BEIJING (AP) — China’s trade weakened in August as high energy prices, inflation and anti-virus measures weighed on global and Chinese consumer demand, while imports of Russian oil and gas surged. Exports rose 7% over a year ago to $314.9 billion, decelerating from July’s 18%...
US: Russia to buy rockets, artillery shells from North Korea
WASHINGTON (AP) — The Russian Ministry of Defense is in the process of purchasing millions of rockets and artillery shells from North Korea for its ongoing fight in Ukraine, according to a newly downgraded U.S. intelligence finding. Brig. Gen. Pat Ryder, the Pentagon press...
Russia's Sberbank to sell off sanctions-hit Swiss subsidiary
GENEVA (AP) — The Swiss financial markets watchdog said Friday that Sberbank, one of Russia's largest banks, is selling its Swiss subsidiary, which had come under pressure because of international sanctions on Russian interests over the invasion of Ukraine. Sberbank (Switzerland)...
Six months into war, Russian goods still flowing to US
BALTIMORE (AP) — On a hot, humid East Coast day this summer, a massive container ship pulled into the Port of Baltimore loaded with sheets of plywood, aluminum rods and radioactive material – all sourced from the fields, forests and factories of Russia. President Joe Biden...
S Korea signs $2.25 billion deal with Russia nuclear company
SEOUL, South Korea (AP) — South Korea has signed a 3 trillion won ($2.25 billion) contract with a Russian state-run nuclear energy company to provide components and construct turbine buildings for Egypt’s first nuclear power plant, officials said Thursday. The South Koreans...
US to hold trade talks with Taiwan, island drills military
HUALIEN, Taiwan (AP) — The U.S. government will hold trade talks with Taiwan in a sign of support for the island democracy that China claims as its own territory, prompting Beijing to warn Thursday it will take action if necessary to “safeguard its sovereignty.” The...
Russia's economy gets boost from wartime grain shipments
With much fanfare, ship after ship loaded with grain has sailed from Ukraine after being stuck in the country's Black Sea ports for nearly six months. More quietly, a parallel wartime deal met Moscow’s demands to clear the way for its wheat to get to the world, too, boosting an industry vital to...
