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ECONOMY

The U.S. promised to impose new sanctions against Russia “within weeks”

The U.S. promised to impose new sanctions against Russia "within weeks"

The U.S. is preparing to impose new anti-Russian sanctions “within weeks,” White House spokeswoman Jen Psaki told reporters. “Within weeks, not months,” Psaki said in response to a question about when new restrictive measures against Moscow are expected. She stressed that the Russian issue “includes several components,” and listed Moscow’s alleged “interference” in the election and the hacking attack, as ...

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Iran’s plans to speed up its accession to the EEU, recently announced by the country’s leadership, look like a spectacular geopolitical declaration

Iran's plans to speed up its accession to the EEU, recently announced by the country's leadership, look like a spectacular geopolitical declaration

Iran’s plans to accelerate its accession to the EEU, recently announced by the country’s leadership, look like a spectacular geopolitical declaration, behind which is another attempt to save the rapidly deteriorating situation in the economy of the Islamic Republic. Having lost most of its oil exports due to U.S. sanctions, Iran is looking for any new markets for its other ...

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Operational error caused major outage in the Fed’s electronic financial services

Operational error caused major outage in the Fed's electronic financial services

The U.S. central bank’s computer system failure affects applications on which banks, companies, and federal agencies depend. The Federal Reserve (Fed), the U.S. central bank, said Wednesday that it had resumed normal operation of Fedwire Funds, Fedcash, and bank check clearing services after a three-hour outage of more than a dozen critical payment services that form the backbone of the ...

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Baker Hughes, AXA Group and 16 other firms no longer participate in Nord Stream 2 project

Baker Hughes, AXA Group and 16 other firms no longer participate in Nord Stream 2 project

This is reported in a document that the Biden administration sent to Congress Baker Hughes, AXA Group and 16 other companies have recently scrapped work on the Nord Stream 2 project and will not be subject to sanctions, according to a document the Biden administration sent to Congress last week, seen by Reuters. Russian energy giant Gazprom and its Western ...

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Germany advocated consultations with the U.S. on Nord Stream-2

Germany advocated consultations with the U.S. on Nord Stream-2

The German Foreign Ministry said there are no foreign policy negotiations with the U.S. on Nord Stream 2 yet, but Berlin would like these consultations. “I can’t yet report on such negotiations. The Foreign Minister has repeatedly stated that we would like such consultations and negotiations,” German Foreign Ministry spokeswoman Maria Adebar said at a briefing, responding to a journalist’s ...

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Fed chief: U.S. economic recovery is far from over

Fed chief: U.S. economic recovery is far from over

The recovery of the U.S. economy hit by the pandemic coronavirus is not yet complete, the head of the nation’s central bank told lawmakers. “The economic recovery remains uneven and far from over, with the way forward seeming very uncertain,” Federal Reserve Chairman Jerome Powell told the Senate Banking Committee. “While there has been significant progress in the labor market ...

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Jerome Powell confirms the central bank’s intention to continue its cheap money policy.

Jerome Powell confirms the central bank's intention to continue its cheap money policy.

U.S. Federal Reserve Chairman Jerome Powell confirms the central bank’s intention to continue its policy of cheap money. He says it will continue until the economy has recovered from the effects of the coronavirus pandemic to a greater degree. “The economy is a long way from reaching its goals for employment and inflation,” according to text prepared for Powell’s speech ...

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Polish Foreign Ministry: the EU may introduce new sanctions against Belarus

Polish Foreign Ministry: the EU may introduce new sanctions against Belarus

The reason for this may be the court verdict against the two female journalists The European Union may impose new sanctions on Belarus, after Minsk sent two female journalists to jail for filming protests. This was reported on Tuesday by the Polish news agency PAP, citing Polish Foreign Minister Zbigniew Rau. “Unfortunately, the situation in Belarus is constantly deteriorating, so ...

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U.S. says sanctions have a “good” effect on Nord Stream-2 project

U.S. says sanctions have a "good" effect on Nord Stream-2 project

State Department names only one company to face U.S. sanctions over pipeline construction The U.S. said it has seen progress as a result of European companies withdrawing from the construction of the Nord Stream 2 pipeline, which would connect Russia and Germany, but critics are calling for more decisive action. In a report requested by Congress, the State Department named ...

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Borrell told about the reaction of EU foreign ministers to his visit to Moscow

Borrell told about the reaction of EU foreign ministers to his visit to Moscow

. The Council of European Union foreign ministers at Monday’s meeting did not criticize EU diplomatic chief Josep Borrel for his visit to Moscow, Borrel himself said at a press conference after the council. “There was no criticism today,” he said. Borrel’s visit to Moscow took place Feb. 4-6. While in Russia, Borrel met with Russian Foreign Minister Sergei Lavrov ...

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