Search Results for: Western Union
Russian ruble drops to historic low amid sanctions
September 16th, 2014
Russia’s currency dropped to an all-time low against the dollar on Tuesday as investors fret about the fallout of economic sanctions. The United States and the European Union last week imposed a new round of sanctions against Russia for ...
Gold Remains Under $1260 on U.S. Dollar Strength
September 9th, 2014
Gold hovered near its lowest in three months on Tuesday after sharp overnight losses as the dollar traded at 14-month highs against a basket of major currencies, dimming the metal’s appeal as a currency hedge. Spot gold had slipped ...
Russian European food sanctions have consequences
September 5th, 2014
Bas Feijtel has a bumper crop of pears and no place to sell them all, so he’s leaving a quarter of them to rot. That’s because the price he gets for his pears plunged 70 percent from last year after ...
Rosneft gains relief from sanctions
August 28th, 2014
Rosneft, Russia’s largest oil company, has received a new loan from Promsvyazbank to help it weather U.S. and European Union sanctions, and may yet get financial help from the Kremlin. Yet, the assistance doesn’t add up to the amount ...
Oil prices drop puts at risk Moscow’s Budget
August 21st, 2014
Oil and gas are at the heart of the Russian economy and are largely responsible for keeping Moscow’s government budget in balance. But the recent decline in the price of oil from the North Sea and Texas has now ...
Iran sidesteps oil sanctions
August 13th, 2014
Iran is looking to export increasing amounts of oil to China and Asian markets by finding a way to sidestep Western sanctions. This will expand the value of its trade by potentially billions of dollars a year. In doing ...
Russia Bans All Food Imports From U.S., EU, Australia, Canada, Norway
August 8th, 2014
Russia banned most food imports from the West on Thursday in retaliation for sanctions over Ukraine, an unexpectedly sweeping move that will cost farmers in North America, Europe and Australia billions of dollars but will also likely lead to ...
Russians worry over the growing sanctions from the West
July 31st, 2014
Russia confronts the biggest sanctions from the West since the Ukrainian crisis erupted and has therefore adopted a nonchalant public stance, with President Vladimir V. Putin emphasizing the importance of self-reliance and a new poll released Tuesday indicating a ...
Economic sanctions on Russia from EU and U.S.
July 30th, 2014
EU governments have agreed to impose sweeping sanctions on Russia, targeting state-owned banks, imposing an arms embargo and restricting sales of sensitive technology and the export of equipment for the country’s oil industry, in response to Moscow’s continued backing ...
Russia faces more sanctions from the U.S. and Europe
July 29th, 2014
The United States and Europe have unitedly decided to increase the economic sanctions against Russia since they fear that Moscow might be planning an invasion in Ukraine soon. After months in which European leaders resisted going as far as ...
