Press
Showing 1-20 of 44 Items
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U.S. Treasury Targets Russia’s Gazprombank with New Sanctions
The United States imposed new sanctions on Russia's Gazprombank on Thursday, the Treasury Department said, as President Joe Biden steps up actions to punish Moscow for its inv...
By Edward Fishman
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China Backs Russia-Proposed BRICS Payment System
Gathered Wednesday at a summit in the Russian city of Kazan, the members of BRICS adopted a joint declaration calling for the creation of an independent payment system based o...
By Edward Fishman
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Shifting Goals Cloud Utility of Sanctions on Russia
The meeting, organized by Tufts professors Christopher Miller and Daniel Drezner, did not come up with a decisive answer to the key question: are the sanctions working — and t...
By Edward Fishman
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U.S. Campaign to Isolate Russia Shows Limits After 2 Years of War
“In the here and now, the sanctions have disappointed,” said Edward Fishman, a former State Department official in the Obama administration who oversaw Russia sanctions after ...
By Edward Fishman
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U.S. Takes Aim at Financial Institutions with New Russia Sanctions Authority
The move comes as U.S. funding for Ukraine military aid is running out and the United States and its allies search for new ways to slow Russia's war effort. Washington already...
By Edward Fishman
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U.S. Could Sanction Chinese Firms if Beijing Sends Arms to Russia
The United States would likely respond to a stepped-up Chinese military aid effort by punishing the specific Chinese companies and financial institutions involved, as it did e...
By Edward Fishman
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What can Russian sanctions achieve?
"You can try to sanction Putin and his oligarch cronies, but there's no way that you're going to bankrupt them," Eddie Fishman says. ... "Historically, sanctions have a mixed ...
By Edward Fishman
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How Russia Is Surviving the Tightening Grip on Its Oil Revenue
The gradual ratcheting up of oil sanctions, which are designed to cut Russia’s oil export revenues without snuffing out a fragile global pandemic recovery, is a policy that an...
By Edward Fishman
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Russia’s Economy Is Still Working but Sanctions Are Starting to Have an Effect
Though they may not have wrought the kind of economic turmoil in Russia initially predicted, analysts say these measures are causing damage and could have deeper impact going ...
By Elina Ribakova & Edward Fishman
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Lawmakers Cry Foul as Biden Mulls Lifting Some Sanctions
It’s the type of drawn-out political fight that could make U.S. sanctions less effective over time if adversaries come to believe that, no matter what they do, Washington will...
By Edward Fishman
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Explainer–How the U.S. Could Tighten Sanctions on Russia over Ukraine
Experts said they expect Washington will continue to take measures enforcing its existing sanctions on Russia and target those helping Moscow to evade sanctions. The United St...
By Edward Fishman
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Pelosi to Blinken: Label Russia as terrorist state, or else Congress will
Blinken: Designate Russia as a state sponsor of terrorism — otherwise, Congress will. The warning, made on a call between the two earlier this week, was described to POLITICO ...
By Edward Fishman
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How Russia skirts sanctions on energy
There's a big global sale on Russian oil right now if you're able to buy — with prices at least $30 less per barrel than European Brent crude, according to some estimates. (Ru...
By Edward Fishman
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U.S. Aims to Cripple Russian Oil Industry, Officials Say
Russian oil exports increased in April, and rising prices mean that Russia has earned 50 percent more in revenues this year compared to the same period in 2021, according to a...
By Maria Snegovaya & Edward Fishman
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Is the Russian economy stabilizing — or doomed? Both.
Elina Ribakova, deputy chief economist at the Institute of International Finance, told Grid that Nabiullina’s “very skillful response” is one reason why the economic impact of...
By Rachel Ziemba, Edward Fishman & Elina Ribakova
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Explainer: How the U.S. could tighten sanctions on Russia
The United States has imposed several rafts of sanctions on Russia over its invasion of Ukraine in February, targeting its central bank, major lenders, oligarchs and Russian P...
By Edward Fishman
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Risks of US secondary sanctions on Russian oil buyers rise as EU ponders embargo
Risks are rising that the US will impose secondary sanctions on Russian oil customers as G7 partners, including the EU, expand their commitments to curb flows, analysts said M...
By Edward Fishman & Rachel Ziemba
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U.S. Unveils Latest Sanctions Targeting Russia
The United States on Wednesday unveiled its latest round of sanctions going after Russia over its war on Ukraine, this time targeting a key commercial bank and "a global netwo...
By Edward Fishman
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Why the US has hit some Russian oligarchs with sanctions but not others
Former US officials and people familiar with deliberations inside the Biden administration said one reason for the selective nature of its sanctions regime was that Washington...
By Edward Fishman
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U.S. widens sanctions against Russia as questions about effectiveness mount
The White House on Wednesday announced a new round of sanctions targeting two of Russia’s biggest banks and the adult children of Russian President Vladimir Putin, as the Bide...
By Edward Fishman