Latest Trade policy News

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...

Developing nations seek to overcome energy, currency crises

Jul. 26, 2022 09:05 AM EDT

DHAKA, Bangladesh (AP) — Business leaders and officials from eight developing nations meeting in Bangladesh on Tuesday said more cooperation was needed among them to overcome dwindling foreign currency reserves, a growing energy crisis and supply chain disruptions. Representatives...

'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. ...