Russia may face a domestic energy crunch as production slows following EU’s oil embargo, natural-gas cuts to Europe

Russian President Vladimir Putin. Mikhail Svetlov/Getty Images A halt in gas supplies to Europe could cost Russia as much as $ 6.6 billion a year, per Bloomberg. The export slump could lead to deep cuts in Russian gas output, hitting domestic energy goals. The EU's oil embargo could also cause production of the fuel to […]

‘Embargo on predatory pricing’: India fights back against e-commerce giants with new antitrust rules

India is standing up to transnational e-commerce behemoths like Amazon and Flipkart Group with new rules barring companies from selling products from companies they partially own. E-commerce companies will no longer be able to sell products from companies in which they have an equity interest, nor will they be able to form exclusive agreements with […]

The EU is readying sanctions and an arms embargo against Venezuela

Thomson Reuters BRUSSELS (Reuters) – European Union foreign ministers approved economic sanctions including an arms embargo on Venezuela on Monday, but will decide who to target at a later stage, officials said. Ministers agreed the arms embargo and the legal basis for travel bans and asset freezes without debate at a regular meeting in Brussels. […]

'In the national interest': Trump extends Cuba embargo for 1 year

Published time: 9 Sep, 2017 01:14 President Donald Trump has announced the extension of the trade embargo against Cuba for another year after rolling back much of the previous administration’s policies that reopened American investment and travel policy. The White House issued the presidential memorandum Friday, extending the ban under the Trading with the Enemy […]

‘We won’t surrender an inch of our land’: Marshal Haftar to RT on Libya’s statehood & arms embargo

The head of the Libyan National Army, Field Marshal Khalifa Haftar, has told RT he is seeking Moscow’s support in lifting the “unfair” UN arms embargo in order to procure Russian weaponry to battle terrorism, human trafficking and to fully restore Libya’s sovereignty and statehood. In February 2011, in the wake of the Western-backed uprising […]

Lifting Libyan arms embargo is ‘premature’ – Russia’s acting UN envoy

The “uncertain” political situation as well as a dire security situation in Libya make any proposals concerning the full or even partial lifting of the arms embargo imposed against the nation “premature,” Russia’s incumbent UN envoy, Pyotr Ilyichev, said. “Given the uncertainty of the situation in Libya, it would be premature to talk about a […]