Latest Trade barriers News

EU edges closer to $60-per-barrel Russian oil price cap

Dec. 01, 2022 16:17 PM EST

BRUSSELS (AP) — The European Union was edging closer to setting a $60-per-barrel price cap on Russian oil — a highly anticipated and complex political and economic maneuver designed to keep Russia's supplies flowing into global markets while clamping down on President Vladimir Putin's ability...

EU, US edging toward trade spat when both want unity instead

Nov. 25, 2022 12:43 PM EST

BRUSSELS (AP) — The European Union and the United States are treading precariously close to a major trans-Atlantic trade dispute at a time when the two Western giants want to show unity in the face of challenges from Russia and China. EU trade ministers on Friday insisted they...

Bulgaria to let Russian oil refinery export despite EU ban

Nov. 22, 2022 08:06 AM EST

SOFIA, Bulgaria (AP) — Bulgaria will allow a Black Sea refinery owned by a Russian oil company to keep operating and exporting oil products to the European Union until the end of 2024 despite warnings by Brussels that it is against the bloc’s sanctions. The deal between Bulgaria...

As British voters cool on Brexit, UK softens tone towards EU

Nov. 20, 2022 10:33 AM EST

LONDON (AP) — The British government on Sunday denied a report that it is seeking a “Swiss-style” relationship with the European Union that would remove many of the economic barriers erected by Brexit — even as it tries to improve ties with the bloc after years of acrimony. ...

UN maintains Somali arms embargo over government objections

Nov. 17, 2022 23:43 PM EST

UNITED NATIONS (AP) — The United Nations Security Council voted Thursday to maintain an arms embargo on Somalia over strong objections from its government, saying the al-Shabab “terrorist group” still seriously threatens peace and stability in the region and sanctions are needed to degrade...

Sanctioned tycoon says Russia wants to engage on climate

Nov. 16, 2022 17:02 PM EST

SHARM EL-SHEIKH, Egypt (AP) — A Russian billionaire under sanctions by the United States and Europe over his alleged ties to the Kremlin said Wednesday that he was not surprised by protests against his country at this year's U.N. climate talks, but insisted that Russia wants to remain engaged on...

The Latest | UN Climate Summit

Nov. 15, 2022 15:02 PM EST

SHARM EL-SHEIKH, Egypt (AP) — The Latest on COP27, the United Nations climate summit in Sharm el-Sheikh, Egypt. Brazil, South Africa, India and China have voiced their opposition to plans for climate-related tariffs such as those currently being discussed by the European Union. ...

Australian PM raises trade 'blockages' with China's Xi

Nov. 15, 2022 06:04 AM EST

NUSA DUA, Indonesia (AP) — Australia’s Prime Minister Anthony Albanese said he raised with Chinese President Xi Jinping on Tuesday his concerns about trade “blockages,” but did not walk away from their first face-to-face talks with any promises that the $13 billion barriers to Australian...

US sanctions non-Russians linked to military suppliers

Nov. 14, 2022 11:37 AM EST

WASHINGTON (AP) — The U.S. said Monday it was imposing sanctions on a list of people and firms around the globe that it alleged are involved in supporting Russia's military as it wages war on Ukraine. Unlike recent packages of sanctions imposed on Russia-based firms and people,...

Thai crocodile farmers want trade restrictions relaxed

Nov. 12, 2022 00:17 AM EST

SRI RACHA, Thailand (AP) — Crocodile farmers in Thailand are suggesting a novel approach to saving the country’s dwindling number of endangered wild crocodiles. They want to relax regulations on cross-border trade of the reptiles and their parts to boost demand for products made from ones...