Two top US business lobbies plan to run newspaper adverts warning that more Russian sanctions risk harming US workers and businesses. The trade associations warn that economic sanctions will translate into huge damages from lost trade with Russia.
“For Ukraine, signing the agreement is economic suicide,” Sergey Glazyev, an economic aide to Russian President Putin said, warning of a sharp currency devaluation, soaring inflation, and lower living standards.
The US Commerce Department has given the go-ahead to several companies to export crude oil, a big policy change essentially ending a ban in place for the last four decades. At question is whether the end of the ban will mean higher prices at the pump.
The head of the Crimean government has stressed rejoining Russia is irreversible. Sergey Aksyonov said an EU ban on imports from Crimea and Sevastopol deprives Europe of a market and it must “realise that the regime of pressure leads to nothing good.”
The EU became the world's biggest exporter of agricultural foodstuffs in 2013. Goods worth $163 billion left the EU, beating the US figure of $156 billion. Sales were driven by record exports to China and other emerging markets.
The text of a 19-page, international trade agreement being drafted in secret was published by WikiLeaks on Thursday as the transparency group’s editor commemorated his two-year anniversary confined to the Ecuadorian Embassy in London.
Following over six months of political stalemate, on May 22nd Thailand's military seized power from the current government and declared a coup d’état, shocking the country’s enormous fraternity of foreign investors.
The world’s largest shrimp farmer gets fishmeal used to feed its crop from suppliers that use slave labor, according to a new investigative report. It then sells its farm-raised shrimp to food retail giants, including Walmart and Costco in the US.
Russia doesn’t see any obstacles to Ukraine signing the economic part of the EU association agreement, said Russian FM Sergey Lavrov. He added that Moscow will not impose any sanctions and will return the trade regime with Kiev to ‘most-favored’ status.