Group of Seven
U.S., Allies Vow to Protect Ukraine’s Infrastructure From Russian Attacks
MÜNSTER, Germany — The Group of 7 nations announced Friday that they would work together to rebuild critical infrastructure in Ukraine that has been destroyed by Russia’s military and to defend such sites from further attacks. Top diplomats from the countries have discussed sending more defensive military equipment to Ukraine to help it ward off […]
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Biden Administration’s Bid to Cap Russia Oil Prices Faces Resistance
WASHINGTON — The Biden administration’s push to form an international buyers’ cartel to cap the price of Russian oil is facing resistance amid private sector concerns that it cannot be reliably enforced, posing a challenge for the U.S.-led effort to drain President Vladimir V. Putin’s war chest and stabilize global energy prices. The price cap […]
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G7 Leaders Work to Punish Russia Over Ukraine War
TELFS, Austria — Leaders of the Group of 7 nations said Sunday they would stop buying gold from Moscow and discussed a new American proposal to undercut its oil revenues, even as Russian forces rained missiles on Kyiv for the first time in weeks. The dueling escalation underscored how the war in Ukraine has consumed […]
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Ukraine War’s Latest Victim? The Fight Against Climate Change.
BERLIN — Russia’s invasion of Ukraine seemed like an unexpected opportunity for environmentalists, who had struggled to focus the world’s attention on the kind of energy independence that renewable resources can offer. With the West trying to wean itself from Russian oil and gas, the argument for solar and wind power seemed stronger than ever. […]
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U.S.-Led Alliance Faces Frustration, and Pain of its Own, Over Russia Sanctions
WASHINGTON — Four months into the war in Ukraine, the countries aligned against Russia face growing economic pain even as sanctions and energy embargoes are showing little impact on Russian President Vladimir V. Putin’s military campaign or his political standing at home. U.S. officials vowed that Russia’s financial system would be battered if it attacked […]
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Yellen Calls on Europe to Boost Ukraine Aid
BRUSSELS — Treasury Secretary Janet L. Yellen urged European nations on Tuesday to step up their spending to support Ukraine as Russia’s attacks on the country’s critical infrastructure showed few signs of abating. The United States and Europe have coordinated closely in enacting sweeping sanctions against Russia in the nearly three months since its president, […]
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Yellen Looks to Get Global Tax Deal Back on Track During Europe Trip
Poland’s stance was sharply criticized by European officials, particularly France, whose finance minister, Bruno Le Maire, suggested that Warsaw was instead holding up a final accord in retaliation for a Europe-wide political dispute. Poland has threatened to veto measures requiring unanimous E.U. votes because of an earlier decision by Brussels to block pandemic recovery funds […]
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U.S. and Allies Will Strip Russia of Favored Trade Status
The 1930s tariffs were crafted to charge high levies on imports of manufactured goods and farm products but low rates on imports of raw materials — a design that would limit costs for U.S. factories, Mr. Gresser wrote in a blog post. The U.S. tariff on palladium, for example, which is used in catalytic converters, […]
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