Latest Trade policy News

Russia's economy gets boost from wartime grain shipments

Aug. 16, 2022 10:12 AM EDT

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...

Latvia, Estonia leave China-backed East Europe forum

Aug. 12, 2022 12:15 PM EDT

BEIJING (AP) — Latvia and Estonia say they have left a Chinese-backed forum aimed at boosting relations with Eastern European countries, in what appears to be a new setback for China's increasingly assertive diplomacy. The move follows China’s boosting of its relations with...

Give and take: West gives Ukraine weapons, bans Russian coal

Aug. 11, 2022 16:55 PM EDT

KYIV, Ukraine (AP) — On a day of give and take, Western nations made more pledges to send arms to Ukraine while the European Union's full ban on Russian coal imports kicked in Thursday, adding to the sanctions against Moscow that intelligence claims are hurting its defense exports. ...

Russia curtails oil shipments to central Europe

Aug. 09, 2022 12:01 PM EDT

Several countries in Europe dependent on Russian energy suffered another blow with confirmation Tuesday that oil shipments have stopped through a critical pipeline. Russian state pipeline operator Transneft said it halted shipments through the southern branch of the Druzhba oil...

Bangladesh seeks China help to repatriate Rohingya refugees

Aug. 07, 2022 21:42 PM EDT

DHAKA, Bangladesh (AP) — Bangladesh on Sunday sought cooperation from China to repatriate Rohingya refugees to Myanmar during a visit by Foreign Minister Wang Yi, who promised better trade ties, investment and support for infrastructure development in the South Asian nation. China...

Putin hosts Erdogan for talks on trade, Ukraine, Syria

Aug. 05, 2022 13:46 PM EDT

MOSCOW (AP) — Turkish President Recep Tayyip Erdogan visited Russia Friday for talks with Russian President Vladimir Putin focusing on a grain deal brokered by Turkey and the U.N., prospects for talks on ending hostilities in Ukraine, the situation in Syria and growing economic ties between...

US: Africa can buy Russian grain but risks actions on oil

Aug. 04, 2022 16:23 PM EDT

KAMPALA, Uganda (AP) — African nations are free to buy grain from Russia but could face consequences if they trade in U.S.-sanctioned commodities such as Russian oil, the U.S. ambassador to the United Nations said Thursday. “Countries can buy Russian agricultural products,...

Asian stocks higher as US-China tensions rise

Aug. 03, 2022 00:09 AM EDT

BEIJING (AP) — Asian stock markets rose Wednesday as traders watched for signs trade might be disrupted by U.S.-Chinese tensions over an American lawmaker's visit to Taiwan. Shanghai, Hong Kong, Tokyo and Seoul advanced after Beijing announced a ban on imports of some Taiwanese...

US seeks possession of Venezuelan 747 grounded in Argentina

Aug. 02, 2022 21:33 PM EDT

BUENOS AIRES, Argentina (AP) — The U.S. Justice Department said Tuesday it is seeking possession of a Venezuelan cargo jet that has been grounded in Argentina since early June because it was previously owned by an Iranian airline that allegedly has ties to terror groups. The...

US sanctions UAE, Hong Kong firms that ship Iranian oil

Aug. 01, 2022 13:47 PM EDT

WASHINGTON (AP) — The U.S. has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the illicit sale of millions of dollars’ worth of Iranian oil for shipment to East Asia. The Treasury Department's Office of Foreign Assets Control on Monday...