Germany and Italy approved Russian gas payments after nod from Brussels – sources

A model of the natural gas pipeline is seen in front of displayed word EU and Russia flag colors in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com register Some EU states refuse to comply with Russian payment demands Others approve Russian payments after talks with EU … Read more

Biden, South Korea’s Yoon to meet amid worries about North Korea

ABOARD AIR FORCE ONE, May 20 (Reuters) – President Joe Biden is likely to get a warm welcome from South Korea’s leadership on his first trip to Asia, but he may face a less friendly greeting from North Korea’s Kim Jong Un. Biden lands in South Korea on Friday evening, where he meets new President … Read more

India, world’s biggest buyer of Russian arms, looks to diversify suppliers

The Sukhoi-30MKI jet is seen during the 88th Air Force Day parade at Hindon Air Force Station in Ghaziabad, India, October 8, 2020. REUTERS/Anushree Fadnavis Register now for FREE unlimited access to Reuters.com register Search gets more urgent as Russia faces economic sanctions India steps up emphasis on making equipment at home Also scouring Eastern … Read more

How Turkey spoiled NATO’s historic moment with Finland, Sweden

Turkey caught NATO allies by surprise Finland, Sweden hoped for quick accession Turkey’s Cavusoglu meets US counterpart Blinken ISTANBUL/WASHINGTON/BRUSSELS, May 18 (Reuters) – When Finland and Sweden signaled they were thinking of making the historic decision by joining NATO, the alliance expected a tough response from Moscow, not from one of its own. Yet at … Read more

Yellen: Not legal for US to seize Russian official assets

BONN, Germany, May 18 (Reuters) – The United States does not have legal authority to seize Russian central bank assets frozen due to its invasion of Ukraine, Treasury Secretary Janet Yellen said on Wednesday, but talks with US partners over ways to make Russia foot the bill for Ukraine’s post-war reconstruction are starting. Yellen also … Read more

EU to map out escape route from Russian fossil fuels

A 3D printed Natural Gas Pipes are placed on displayed EU and Russian flags in this illustration taken, January 31, 2022. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com register BRUSSELS, May 18 (Reuters) – The European Commission will on Wednesday unveil a 210 billion euro plan for how Europe can end its … Read more

EU says legal Russian gas payments possible, warns against stolen accounts

A pressure gauge is pictured at a Ukrainian gas compressor station in the village of Boyarka near the capital Kiev January 20, 2009. REUTERS/Konstantin Chernichkin Register now for FREE unlimited access to Reuters.com register BRUSSELS, May 17 (Reuters) – The European Commission said on Tuesday opening accounts in rubles at a Russian bank to pay … Read more

US reviews Cuba policy, eases restrictions on remittances, travel

A vintage car passes by the US Embassy in Havana, Cuba, October 30, 2020. Picture taken October 30, 2020. REUTERS/Alexandre Meneghini/File Photo Register now for FREE unlimited access to Reuters.com register WASHINGTON, May 16 (Reuters) – The United States on Monday announced a series of steps to review its policy toward Cuba, including easing some … Read more

EU ministers urge Hungary to sign up to planned Russian oil embargo

Lithuanian Foreign Minister Gabrielius Landsbergis listens during a news conference in Vilnius, Lithuania March 18, 2022. REUTERS/Janis Laizans/File Photo Register now for FREE unlimited access to Reuters.com register Hungary singled out as obstacle to deal Budapest says no acceptable proposal yet from Brussels May 30-31 summit could be last-ditch attempt Oil embargo could last for … Read more

IMF lifts weighting of dollar, Chinese yuan in SDR basket

Chinese Yuan and US dollar banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com register BEIJING, May 15 (Reuters) – The International Monetary Fund said on Saturday it has increased the weighting of the dollar and Chinese yuan in its review of the … Read more