Keywords: US sanctions
Iran’s currency has tumbled to historic lows as capital flight accelerates and oil revenues decline under renewed US sanctions, deepening strains on an economy already grappling with high inflation and social pressure over potential bread price increases. The Iranian rial weakened to around 16.3......
Russia said on February 18 that Western sanctions are preventing the restoration of full economic ties with the United States, with the Kremlin confirming interest in a sweeping $12 trillion cooperation proposal reportedly presented to the Trump administration. Kremlin spokesperson Dmitry Peskov told......
Russia’s oil sector is entering its deepest crisis in decades as Western sanctions drive export prices sharply lower and push smaller producers toward insolvency, threatening a central pillar of the Kremlin’s wartime economy. State lender VTB is preparing to file for bankruptcy against First......
Cuba introduced sweeping emergency measures on Monday as the island faces a rapidly worsening energy crisis, intensified by US pressure aimed at cutting off its oil supplies. The government ordered a four-day workweek for state-run enterprises, shortened school hours, suspended university classes and......
Russia’s foreign minister Sergey Lavrov accused the United States on Monday of retreating from a peace proposal it had put forward during a summit between presidents Donald Trump and Vladimir Putin in Alaska last year, highlighting renewed friction in already fragile diplomatic efforts to end the......
The Kremlin said on Monday that it is holding negotiations with Cuba to provide energy assistance, accusing the United States of imposing what it described as stifling sanctions on the island, even as the United Kingdom threatens military action against Russian oil tankers involved in such deliveries. Kremlin......
Serbia’s only oil refinery, operated by the Russian-majority-owned Petroleum Industry of Serbia (NIS), has stopped processing crude oil due to halted supplies caused by US sanctions. The sanctions, which took full effect on October 8 following multiple postponements, have led to banks ceasing payment......
Syrian President Ahmed al-Sharaa is set to meet US President Donald Trump at the White House on Monday for historic talks, marking a dramatic shift in US-Syria relations. The visit comes just days after Washington removed Sharaa from its sanctions list, signaling renewed diplomatic engagement with the......
Saudi Arabia is facing a critical diplomatic balancing act as escalating US sanctions on Russia's oil industry strain the fragile cohesion of the OPEC+ alliance. This comes just weeks ahead of a crucial White House meeting between Saudi Crown Prince Mohammed bin Salman and US President Donald Trump,......
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