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Saudi Arabia, U.A.E. Scoop Up Russian Oil Products at Steep Discounts
Despite U.S. objections, the Gulf countries are using the Russian products internally, including for consumption and refining purposes, and exporting their own barrels at market
U.S., U.K. Sanction Firms Tied to Russian Oligarch Alisher Usmanov
World Europe Russia Effort to sever Russian economy from global trade, finance continues Source link
King Dollar Still Looks Safe From the Yuan
Markets Heard on the Street Weaponizing the dollar creates incentives for change. But as an alternative, the yuan still has serious limitations. Source link
Microsoft to Pay $3 Million Over Russia Sanctions, Export Controls Violations
Risk & Compliance Journal The majority of the apparent violations involved blacklisted Russian companies or persons in the Crimea region of Ukraine, Treasury officials said
Russia's Aircraft Need Maintenance They Can No Longer Get
Sanctions have cut off access to parts, software and technical skills needed for the key upkeep of hundreds of commercial jets, raising concerns over safety.
Mexican Government to Buy Power Plants From Spain's Iberdrola
The acquisition will increase the state-owned utility’s share of the country’s electricity generation to 55%, the government says. Source link
Micron Gets Caught in U.S.-China Crossfire
Markets Heard on the Street Beijing has long hesitated to strike back at U.S. chip companies—but Micron is a soft target Source link
Huawei's Meng Steps Closer to U.S.-China Tech War Frontline
Meng Wanzhou, the telecoms company’s finance chief, is set to serve as rotating chairwoman, 18 months after securing her freedom in a prisoner swap. Source
Turkey Epitomizes the West’s Russia Sanctions Dilemma
Markets Heard on the Street As Turkey struggles with inflation and the earthquake aftermath, Russia emerges as a vital trading partner Source link
Russia’s Economy Is Starting to Come Undone
MOSCOW—The opening months of Russia’s invasion of Ukraine last year drove an increase in oil and natural-gas prices that brought a windfall for Moscow. Those