Latest Sanctions and embargoes News

Biden's mission in Europe: Shore up alliance against Russia

Jun. 25, 2022 17:18 PM EDT

MUNICH (AP) — President Joe Biden is out to sustain the global alliance punishing Russia for its invasion of Ukraine as he embarks on a five-day trip to Europe as the 4-month-old war shows no sign of abating and its aftershocks to global food and energy supplies are deepening. ...

Leader of Mali's junta signs election law letting him run

Jun. 25, 2022 16:33 PM EDT

BAMAKO, Mali (AP) — Mali’s junta leader, Col. Assimi Goita, signed a new law Friday paving the way for elections and a return of the country to constitutional rule. Col. Goita’ has been president of the transitional government since seizing power in a coup two years ago. The...

Iran and EU say Vienna nuke talks will resume in coming days

Jun. 25, 2022 15:00 PM EDT

TEHRAN, Iran (AP) — The European Union and Iran agreed on Saturday to resume negotiations in Vienna in the coming days over Tehran's tattered nuclear deal with world powers. The agreement could help relieve tensions after the talks stalled for months, while Iran enriches uranium...

EU leaders tackle inflation, energy shocks from Russia's war

Jun. 24, 2022 12:33 PM EDT

BRUSSELS (AP) — A day after endorsing Ukraine's candidacy to join the European Union, the bloc's leaders turned their attention Friday to the severe economic turbulence from Russia’s war in the neighboring country as the conflict's full impact sinks in and the threat of recession rises. ...

Swiss customs tracks importation of Russian gold worth $200M

Jun. 24, 2022 05:43 AM EDT

GENEVA (AP) — Swiss customs authorities said Friday that they are tracking about 3 tons of gold of Russian origin that entered Switzerland from Britain last month to watch for potential violations of economic sanctions against Russia following President Vladimir Putin's war on Ukraine. ...

China's Xi criticizes sanctions at meeting of BRICS nations

Jun. 23, 2022 10:29 AM EDT

BEIJING (AP) — Chinese President Xi Jinping opened a meeting of leaders of major developing countries on Thursday by saying the world should oppose unilateral sanctions and efforts by some countries to maintain their political and military power. Xi's remarks at the virtual meeting...

EU: Blame Russia, not sanctions, for global food crisis

Jun. 20, 2022 13:08 PM EDT

BRUSSELS (AP) — The European Union's top diplomat said on Monday he has written to all African foreign ministers to explain that the bloc's sanctions on Russia are not responsible for the looming global food crisis, and pledged to work out ways for exports of food and fertilizers to reach their...

Lithuania defends ban on some goods to Russia's Kaliningrad

Jun. 20, 2022 12:59 PM EDT

VILNIUS, Lithuania (AP) — Lithuania on Monday defended its decision to bar rail transit from Russia to a Russian Baltic Sea exclave of goods hit by European Union sanctions, in a move that drew Moscow's strong anger amid high tensions in the region. Lithuanian Foreign Minister...

Putin: Russian economy to overcome 'reckless' sanctions

Jun. 17, 2022 13:45 PM EDT

ST. PETERSBURG, Russia (AP) — President Vladimir Putin said at Russia’s showpiece investment conference Friday that the country’s economy will overcome “reckless and insane” sanctions, while condemning the United States for acting like “God’s own messengers on planet Earth.” ...

Iran allows exchange stores to trade in foreign currency

Jun. 16, 2022 09:08 AM EDT

TEHRAN, Iran (AP) — Iran’s Central Bank is allowing licensed exchange offices to resume buying and selling foreign currency, days after traders protested over the worsening economic situation and the country's currency dropped to its lowest value ever, state-run media reported Thursday. ...