Latest Trade barriers News

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,...

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 13:42 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...

'Day by day': Trade bans, inflation send food prices soaring

Jul. 23, 2022 02:23 AM EDT

Soki Wu's food stall, tucked in a food court in a shopping mall in Singapore, is a crowd favorite for its fresh, juicy “chicken rice," a national dish. But customers recently began complaining that his chicken didn't taste quite as good as it used to. Wu was forced to switch to...

EU imposes more sanctions on Moscow over Ukraine invasion

Jul. 21, 2022 12:55 PM EDT

BRUSSELS (AP) — The European Union imposed more sanctions on Russia over the war in Ukraine on Thursday after the bloc’s 27 members backed measures that include a ban on gold imports, further restrictions on the country's biggest bank and tighter export controls on some high-technology goods. ...

EU moves closer to imposing more sanctions on Russia

Jul. 20, 2022 18:00 PM EDT

BRUSSELS (AP) — The European Union moved closer to imposing more sanctions on Russia after its 27 ambassadors backed a series of measures to ban gold imports and tighten export controls on some high-technology goods. The Czech Republic, which holds the EU presidency, said “the...

Argentina's import limits bring fears of looming shortages

Jul. 15, 2022 08:36 AM EDT

BUENOS AIRES, Argentina (AP) — Raul Amil has been in the auto parts business in Argentina for more than 25 years. He has lived through numerous economic crises in a country infamous for its seemingly constant crashes. But he says that what Argentina is living through now is unprecedented. ...

UN sees progress in talks to free up Ukraine grain exports

Jul. 13, 2022 17:54 PM EDT

ISTANBUL (AP) — U.N. Secretary-General Antonio Guterres said the first meeting in weeks between Russia and Ukraine took “a critical step” forward Wednesday to ensuring the export of desperately needed grain from Ukraine’s Black Sea ports to help ease the global food crisis. ...

Hungary declares 'energy emergency' over threat of shortages

Jul. 13, 2022 12:37 PM EDT

BUDAPEST, Hungary (AP) — Hungary’s government has declared an “energy emergency” in response to supply disruptions and skyrocketing energy prices in Europe, an official said Wednesday. There is “unlikely to be enough gas in Europe for the autumn and winter heating...