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Napoli stumble to 1-1 draw as eliminated Union snap losing run
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +2 min
NAPLES, Italy, Nov 8 (Reuters) - Union Berlin's David Fofana scored a second-half equaliser against the run of play to snatch a 1-1 Champions League draw at Napoli on Wednesday and snap a 12-game losing run, but it was not enough to keep the German side's knockout hopes alive. The draw left Napoli in second place in Group C on seven points, two behind leaders Real Madrid who face Braga, on three points, later on Wednesday. "This feels really good," said Union captain Christopher Trimmel. They did break the deadlock before halftime when a deflected shot bounced off Politano's chest and into the goal. Napoli had 18 corners to the Germans' five but despite late pressure and a string of chances they failed to score again.
Persons: David Fofana, Matteo Politano, Fofana, Braga, Christopher Trimmel, Frederik Ronnow, Piotr Zielinski, Andre Frank Zambo, Josip Juranovic's, Napoli, Karolos, Toby Davis Organizations: League, Napoli, Wednesday, Real Madrid, Champions League, Europa League, Union, Napoli napping, Thomson Locations: NAPLES, Italy, German, Germans
MOSCOW, RUSSIA - SEPTEMBER 9: (RUSSIA OUT) Russian President Vladimir Putin delivers a speech during the concert marking the City Day on September 9, 2023 in Moscow, Russia. (Photo by Contributor/Getty Images) Contributor | Getty Images News | Getty ImagesRussian President Vladimir Putin has reportedly decided to run in the March 2024 presidential election and he's likely to win another six-year term in office, essentially because there's no one that can oppose him. Analysts say that the bitter truth in modern Russia is that there is no one who can oppose Putin, for now. In this pool image distributed by Sputnik agency, Russia's President Vladimir Putin attends a meeting with the regional head of Inigushetia in Moscow's Kremlin, on August 15, 2023. MOSCOW, RUSSIA - SEPTEMBER 9: (RUSSIA OUT) Russian President Vladimir Putin delivers a speech during the concert marking the City Day on September 9, 2023 in Moscow, Russia.
Persons: Vladimir Putin, Putin, Sobyanin, he's, , Vladimir Milov, Alexander Kazakov, Dmitry Peskov, Peskov, Alexei Navalny, Yulia Morozova, Vladimir Kara, Murza, Yevgeny Prigozhin, Prigozhin, Sergei Medvedev, Mikhail Svetlov, Medvedev, deigning, Prigozhin's Wagner, Wagner, Kirill Shamiev, Milov Organizations: Moscow's, Getty, Kremlin, Reuters, CNBC, Sputnik, AFP, Kremlin's, Communist Party, Liberal Democratic Party, Russia, IK, Wagner Group, Analysts, Saint Petersburg, Economic, Prigozhin's Wagner Group, Anadolu Agency, European Council, Foreign Relations, Putin Locations: MOSCOW, RUSSIA, Moscow, Russia, Russian, Moscow's Kremlin, Ukraine, Vladimir, Iran, North Korea, SAINT PETERSBURG, Concord, Saint Petersburg, Belarus, Prigozhin, Russia's, Tver
Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. REUTERS/Ann Wang/File Photo Acquire Licensing RightsNov 7 (Reuters) - The German cartel office has approved stakes by Bosch (ROBG.UL), Infineon (IFXGn.DE) and NXP (NXP.N) in TSMC's (2330.TW) new semiconductor plant in the German city of Dresden, the regulator said in a statement on Tuesday. The companies would each acquire 10% of shares in the European Semiconductor Manufacturing Company (ESMC), founded by TSMC, it said. "The recent geopolitical upheavals have shown how important secured access to semiconductors is, especially for the German industry," Andreas Mundt, president of the cartel office, said in a statement. He added that both the European Union and Germany were committed to locating more semiconductor production in Europe and Germany.
Persons: Ann Wang, Andreas Mundt, Linda Pasquini, Rachel More, Matthias Williams Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Bosch, Infineon, European Semiconductor Manufacturing Company, TSMC, European Union, Thomson Locations: Hsinchu, Taiwan, TSMC's, German, Dresden, Germany, Europe, China
Russia is putting its economy at risk to fuel its grinding war with Ukraine, UK intelligence said. The Russian economy "is likely at risk of overheating," said UK's Ministry of Defense. Higher inflation could "increase the costs of funding Russia's war in Ukraine," the agency said. "Higher inflation is almost certain to increase the costs of funding Russia's war in Ukraine," British intelligence said. This further illustrates the reorientation of Russia's economy to fuel the war above all else," British intelligence said.
Persons: Organizations: UK's Ministry of Defense, Service Locations: Russia, Ukraine, Russian
The meeting was aimed at garnering state leaders' support for such moves and addressing local authorities' complaints that public coffers and infrastructure are overburdened. The leader of the central state of Hesse put the total volume of aid at 3.5 billion euros. "Our shared goal is to push back irregular migration," said Scholz, after describing the agreement as a "historic moment." Some 230,000 people requested asylum in Germany in the first nine months of this year, more than in the full year 2022. His government has also agreed changes to existing rules to enable asylum seekers to enter the labour force more rapidly and to punish human traffickers with longer prison sentences.
Persons: Olaf Scholz, Hesse Boris Rhein, Lower Saxony Stephan Weil, Angela Merkel, Scholz, Sarah Marsh, Andreas Rinke, Miranda Murray, Rachel More, Barbara Lewis, Raju Gopalakrishnan Organizations: Lower, REUTERS, European Union, Thomson Locations: Hesse, Lower Saxony, Germany, Berlin, BERLIN, Russia, Scholz's
"The decision has been made - he will run," said one of the sources who has knowledge of planning. Three other sources said the decision had been made: Putin will run. A foreign diplomatic source, who also requested anonymity, said Putin made the decision recently and that the announcement would come soon. Peskov said in September that if Putin decided to run, then no one would be able to compete with him. "Russia is facing the combined might of the West so major change would not be expedient," one of the sources said.
Persons: Vladimir Putin, Kuzma Minin, Dmitry Pozharsky, Mikhail Metzel, Putin, Boris Yeltsin, Josef Stalin, Leonid Brezhnev's, Dmitry Peskov, Peskov, Mikhail Gorbachev grappled, Yevgeny Prigozhin, Prigozhin, Alexei Navalny, Oleg Orlov, Guy Faulconbridge Organizations: Unity, Sputnik, Kremlin, Reuters, Kommersant, West ., KGB, Soviet, Cuban Missile, West, NATO, China, European Union, Thomson Locations: Red, Moscow, Russia, MOSCOW, West . RUSSIA, Soviet Union, Ukraine, United States, European, Soviet Russia, Afghanistan
[1/5] Cut diamonds are seen at the diamond exchange in Antwerp, as the G7 weighs a ban on Russian diamond imports to reduce revenues for Moscow's war in Ukraine, Antwerp, Belgium, October 30, 2023. Other diamond firms in Antwerp, the world's biggest centre of trade in rough diamonds and cutting of the biggest gems, were asked to avoid Russian stones. Now, Western powers want to make the boycott official with a formal ban on Russian stones. Imports of Russian rough diamonds are now at less than 5% of pre-war levels, the source said. Most proposals under consideration by the G7 now focus on rough diamonds of 1 carat and above initially.
Persons: Johanna Geron, Thierry Tugendhaft, Van Cleef, Tugendhaft, De Beers, It's, Julia Payne, Elaine Hardcastle Organizations: REUTERS, Rights, European, World Diamond Council, EU, Thomson Locations: Antwerp, Ukraine, Belgium, Rights ANTWERP, Russia, Paris, Tiffany's, Cartier, Canada, Lesotho, South Africa, Botswana, India, United States, Japan, European Union, France, Antwerp . New
The Kremlin is using them to gauge Russian reactions, intelligence spokesperson Andriy Yusov said. "It's an internal story that is intended for an internal Russian audience," Yusov told NV Radio. AdvertisementAdvertisementThe Kremlin is using fake rumors about President Vladimir Putin's death to gauge Russian reactions, according to Ukrainian military intelligence. "It's an internal story that is intended for an internal Russian audience," Yusov told NV Radio, per Ukrainska Prava. Last week's claims prompted Putin's spokesperson, Dmitry Peskov, to dismiss speculation about Putin's health on two occasions.
Persons: Andriy Yusov, Yusov, , Vladimir Putin's, Putin, HUR, Ukrainska, d'état, Putin's, Dmitry Peskov, Peskov Organizations: Radio, Service, Kremlin, Defense, Main Intelligence Directorate, Ukrainian NV, Ukrainska Pravda, SVR Locations: Ukraine, Kremlin, Russian
Three people were arrested in New York City on Tuesday on charges of illegally smuggling millions of dollars' worth of electronics to Russia in order to aid the country's invasion of Ukraine. Federal prosecutors in Brooklyn accused Nikolay Goltsev, Salimdzhon Nasriddinov and Kristina Puzyreva of evading sanctions in order to send Russia equipment used in their precision-guided missile systems. The defendants allegedly dispatched hundreds of shipments of restricted items, worth nearly $7.2 million, to Russia over the course of a year. The complaint alleges that the defendants used two corporate entities to source and purchase dual-use electronics from U.S. manufacturers and distributors, and then secretly export them to Russia. Some of the same types of components were found in Russian weapons platforms and signals intelligence equipment that were seized in Ukraine, prosecutors alleged.
Persons: Nikolay Goltsev, Salimdzhon Nasriddinov, Kristina Puzyreva, Nick Stevens, Matthew Olsen Organizations: Attorney, Eastern, of, Prosecutors, United Arab, Justice Department's National Security Division Locations: Brooklyn, New York City, Russia, Ukraine, U.S, of New York, Tajikistan, Goltsev, Montreal, Manhattan, Russian, Turkey, Hong Kong, India, China, United Arab Emirates, Vitebsk
China's President Xi Jinping and U.S. President Joe Biden at the G20 Summit in Nusa Dua on the Indonesian island of Bali on Nov. 14, 2022. WASHINGTON — President Joe Biden will meet with Chinese President Xi Jinping next month, the White House announced on Tuesday. "Intense competition means intense diplomacy," White House press secretary Karine Jean-Pierre said at a press briefing. Read more: White House restricts U.S. investment in some Chinese tech, citing national security concernsThe meeting comes as the White House works to rush security assistance and humanitarian aid to Israel amid an intensifying conflict with Hamas. Earlier this month, Xi and Putin met in Beijing to discuss additional ways to deepen their relationship.
Persons: Xi Jinping, Joe Biden, Karine Jean, Pierre, Jean, Janet Yellen, Antony Blinken, Gina Raimondo, Bill Burns, Jake Sullivan, John Kerry, Read, Trump, Xi, Vladimir Putin's, Biden, Putin, Volodymyr Zelenskyy Organizations: WASHINGTON, White, Economic Cooperation, National, Hamas, . Locations: Nusa Dua, Indonesian, Bali, Asia, San Francisco, China, Israel, U.S, Ukraine, Russian, Beijing, Russia, United States, Iran, North Korea
Safiullin stuns Alcaraz at Paris Masters
  + stars: | 2023-10-31 | by ( ) www.reuters.com   time to read: +2 min
[1/5] Tennis - ATP Masters 1000 - Paris Masters - AccorHotels Arena, Paris, France - October 31, 2023 Russia's Roman Safiullin in action during his round of 32 match against Spain's Carlos Alcaraz REUTERS/Stephanie Lecocq Acquire Licensing RightsOct 31 (Reuters) - World number two Carlos Alcaraz crashed to a 6-3 6-4 loss to Russia's Roman Safiullin in the second round at the Paris Masters on Tuesday. The 20-year-old Spaniard seemed to recover as he again broke the feisty 45th-ranked Saffiullin's serve early in the second set to take a 3-1 advantage. Ninth seed Taylor Fritz's hopes of an ATP Finals berth diminished as the American withdrew before his second round match against Daniel Altmaier with an abdominal injury. The world number 10 will be out of the season-ending tournament should Denmark's sixth seed Holger Rune beat Dominic Thiem in his second round match. Reporting by Janina Nuno Rios in Mexico City; Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.
Persons: Spain's Carlos Alcaraz, Stephanie Lecocq, Carlos Alcaraz, Saffiullin's, Novak Djokovic, Argentina's Tomas Etcheverry, Taylor Fritz's, Daniel Altmaier, Holger Rune, Dominic Thiem, Alexander Zverev, Hungary's, Hungary's Marton Fucsovics, Poland's Hubert Hurkacz, American Sebastian Korda, Argentine Francisco Cerundolo, Monfils, Karen Khachanov, Russian Andrey Rublev, Janina Nuno Rios, Toby Davis Organizations: Paris, Wimbledon, Swiss, Serbian, ATP, American, Hungary's Marton, Argentine, Thomson Locations: Paris, France, Russian, Turin, Mexico City
Microsoft may be on the brink of a watershed moment equivalent to Apple 's 2007 iPhone launch, according to Piper Sandler. MSFT YTD mountain Microsoft shares since the start of 2023 The comments from Bracelin come as the software giant readies to launch its Copilot artificial intelligence subscription service offering Wednesday. The tool, first announced in July, adds AI capabilities to Office product for an additional $30 a month. While AI investments only garnered half a billion in revenue last quarter, Microsoft's broad AI ambitions could add $10 billion in revenue to by 2025 and $100 billion longer term, according to Bracelin's projections. This "first-mover AI advantage," coupled with expectations for a reacceleration in double-digit top-line growth, support the current premium for shares.
Persons: Piper Sandler, Brent Bracelin, Bracelin, — CNBC's Michael Bloom Organizations: Microsoft, Apple, MSFT Locations: That's
Russians struggle to keep alive memory of Stalin's victims
  + stars: | 2023-10-30 | by ( ) www.reuters.com   time to read: +3 min
She was expelled to Uglich (about 740km from St Petersburg). "He was shot in Moscow, but as we all live in St. Petersburg, we have made this memorial plaque here. Yet for many Russians, Stalin's name still evokes the savage repression that culminated in the Great Terror of 1936-1938. The Big House is the nickname of the St Petersburg headquarters of Stalin's NKVD secret police, which later became that of the Soviet KGB and now the Russian FSB. It was to help people like Gerchikova that the Nobel Peace Prize-winning human rights group Memorial International was founded as the Soviet Union collapsed - to document Soviet political repression and help to rehabilitate its victims.
Persons: Anton Vaganov, Joseph Stalin's, Natalia Anafonova, Stalin, Vladimir Putin, Zinaida Gerchikova, I've, Gerchikova, Sergei Gorshvo, Tomasz Janowski Organizations: REUTERS, Rights, PETERSBURG, Big, St, Soviet KGB, Thomson Locations: Levashovo, Saint Petersburg, Russia, dribs, Soviet, Petersburg's, St Petersburg, Moscow, St . Petersburg, Russian, Soviet Union, Nazi, Ukraine, Sverdlovsk region
Ukraine is falling behind Russia when it comes to the future of warfare, an expert told Insider. "The Ukrainians are way behind the Russians on drones, and this is the future of the war," Haring said. "Ukraine doesn't have enough drone pilots, and they don't have enough sophisticated drones." "Ukraine led in the technological race at the beginning, but the size and the scale of Russia is now working in its favor. It means that Ukraine has to make some choices about which specific drones it wants to invest in," Bendett said.
Persons: Melinda Haring, , Melissa Haring, Haring, They're, Samuel Bendett, Bendett Organizations: Atlantic Council, Service, Russia, Russian, Ukrainian, The New York Times, Center for Naval Analyses Locations: Ukraine, Russia, Turkish, Moscow, Ukrainian, Washington
Ukraine's soldiers are "steely" and "determined" but also experiencing burnout, an expert says. "There's a lot of stories of divorce and of family separation and also depression," she told Insider. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Soldiers only get 30 days off each year — and can only take up to 10 days off at a time. There's a lot of stories of divorce, and of family separation, and also depression.
Persons: Melinda Haring, , Haring, " Haring, Vladimir Putin, Putin, let's, He'll, he'll Organizations: Atlantic Council, Service, New York Times Locations: Ukraine, Washington, Zaporizhzhia, Kyiv, Russia, Russian, Crimea
Judge Kathleen M. Lewis denied Deputy District Attorney George Modlin's request to raise Williams' bail to $500,000. Political Cartoons View All 1223 ImagesIt was the second time Modlin requested an increase in bail. The post was made a few hours after Williams' preliminary hearing on Oct. 10, when he was ordered to stand trial on what were then six charges. In declining to raise bail, she said: “I don’t think it’s a sufficient change of circumstances. On3.com once estimated his NIL valuation at $3.6 million, but Williams’ name no longer appears in the rankings.
Persons: Mikey Williams, Kathleen M, Lewis, George Modlin's, Williams, Troy Owens, Modlin, Rylo Rodriguez, , Owens, ” Owens, overreach, hasn't, ” Williams, Melissa Garbayo, Uber, JJ Taylor, Sherry M, Thompson, Taylor, Tesla Organizations: CAJON, Memphis, Tigers, Jackson State, Puma, San Ysidro High, AP Locations: Calif, San Diego, Memphis, Jamul, San Diego County
Activists were on Capitol Hill this week to urge support for Ukraine. Insider attended a meeting between the activists and Sen. Markwayne Mullin, an Oklahoma Republican. Mullin supports aid for Ukraine, but staff warned that calls from constituents have been "mixed." A majority of Republican lawmakers are no longer so sure, at least publicly, that defending Kyiv from the Kremlin is in America's strategic interests. Republican lawmakers are responding to concerns expressed by Republican voters — the people who will ultimately decide their political future.
Persons: Sen, Markwayne Mullin, Mullin, , Russia's, — Paige Barrows, Ryan Meyer, Joe Biden's, Biden, Donald Trump, Jack A, Edwards, There's, Barrows, Meyer, Kate Tremont, Tremont Organizations: Capitol, Ukraine, Oklahoma Republican, Service, DC, Republican, Peace Corps, GOP, Politico, Senate Armed Services Committee Locations: Oklahoma, Ukraine, WASHINGTON, , United States, Washington, Kyiv, Ukrainian, Russia, Mexico, Ukrainian Embassy
Yandex takes step towards Russian approval for restructuring
  + stars: | 2023-10-27 | by ( ) www.reuters.com   time to read: +2 min
The logo of Russian technology giant Yandex is on display at the company's headquarters in Moscow, Russia December 9, 2022. REUTERS/Evgenia Novozhenina/File photo Acquire Licensing RightsMOSCOW, Oct 27 (Reuters) - Nasdaq-listed Russian tech company Yandex (YNDX.O) said on Friday it had obtained one of the approvals needed from the Russian government for its planned restructuring, which it hopes to complete by the end of 2023. Yandex, while reporting a 33% drop in third-quarter adjusted net income, said its board remained committed to completing the restructuring and divesting all Russia-based businesses. It said class A shareholders had now given consent for the merger of certain intermediate Dutch holding companies into Yandex NV. Yandex said it planned to take a restructuring proposal to shareholders for approval by the end of 2023.
Persons: Evgenia, Yandex, Alexander Marrow, Jason Neely, Mark Potter Organizations: REUTERS, Rights, Nasdaq, Yandex, Moscow, Reuters, Yandex NV, Thomson Locations: Moscow, Russia, Ukraine, nationalising, Washington
About 100 wives, mothers, children and relatives of Ukrainian soldiers attended a demonstration in the capital, Kyiv. Even so, U.S. officials say that Russian forces are experiencing morale problems as another winter campaign looms. The latest hot spot draining resources is Avdiivka, a city in the eastern Donetsk region that Russian forces partially occupy. The Washington-based think tank noted that Ukrainian military officials said that around 5,000 Russian soldiers have been killed and wounded, and 400 armored vehicles lost in the area since Oct. 10. Satellite images show the Russian military lost at least 109 military vehicles, mostly armored fighting vehicles and tanks, near Avdiivika between Oct. 10 and 20, the institute said.
Persons: “ Demobilize, , , Volodymyr Zelenskyy, Rishi Sunak, ” Zelenskyy, Joe Biden, Mike Johnson, Biden, Viktor Orbán, Vladimir Putin, Robert Fico, videoconference, Zelenskyy, Putin, Boris Pistorius, Hanna Arhirova, Geir Moulson Organizations: Russia, Verkhovna Rada, ” Protesters, Institute for, Kyiv, , European Union, Ukraine, Slovak, IRIS, Defense Ministry, Associated Press Locations: KYIV, Ukraine, Ukraine's, Kyiv, Russia, U.S, Donetsk, Avdiivka, Russian, Washington, Avdiivika, Ukrainian, Moscow, North Korea, Iran, ” Ukraine, Hungarian, Brussels, Germany, Israel, Berlin, russia, ukraine
The Kremlin is reportedly launching a nationwide raffle ahead of next year's presidential election. The project aims to support Putin amid Russia's challenges with Western sanctions, the report said. AdvertisementAdvertisementThe Kremlin plans to shore up support for Russian President Vladimir Putin ahead of next year's election by launching a nationwide raffle, according to the independent Russian outlet Meduza. The prizes up for grabs include 300 trips across Russia and 30 housing certificates, which are vouchers that can exchanged for real estate, Meduza reported. Meduza reported that more than 400,000 people have already entered the raffle and that Russian news outlets and regional media have been instructed to promote the event.
Persons: Putin, , Vladimir Putin, Meduza Organizations: Service, Russian, Kremlin, United, Levada Center, CNN, Freedom Locations: Russia, United Russia, US, Ukraine
Footage shows them meeting with Vladimir Putin in the Kremlin around a rectangular table. Putin is conscious of germs and likes to keep his distance from people, reports have speculated. AdvertisementAdvertisementRussian President Vladimir Putin revealed a new massive table to keep his distance from his officials — and it's just as ridiculous as the others. Russian President Vladimir Putin (left) German Chancellor Olaf Scholz on February 15, 2022. In June last year, he was seen with fellow heads of state at a massive table in Turkmenistan.
Persons: Vladimir Putin, Putin, , Catherine Hall, Olaf Scholz, Anton Gerashchenko, Reddit, Emmanuel Macron Organizations: Service, Presidential, Reuters Locations: Moscow, Kremlin, Azerbaijan, Iran, Kazakhstan, Turkmenistan, Russia
Russia has adapted to living with sanctions, Kremlin spokesperson Dmitry Peskov told the press, per TASS. Peskov said Russia has been living with sanctions for decades and isn't afraid of more restrictions. AdvertisementAdvertisementIt's been 20 months since the West and its allies started slapping a barrage of sanctions against Russia for invading Ukraine — but the Kremlin doesn't seem too shaken up about the restrictions. AdvertisementAdvertisementBeyond regular businesses, the Kremlin's wartime spending has been a key contributor to Russia's economy — and that spending is driving an economic boom. While Russia's economy appears to be chugging along, the International Monetary Fund, or IMF, is muted about the country's prospects.
Persons: Dmitry Peskov, Peskov, , Vladimir Putin's, Alfred Kammer Organizations: IMF, Service, European Union, Bloomberg, International Monetary Fund Locations: Russia, Moscow, Ukraine, Soviet Union, Crimea
Ukraine was close to killing Russia's Chief of the General Staff, per The Washington Post. Valery Gerasimov was on the front lines when the attack happened, per The New York Times. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementA top Russian military official came close to death in a Ukrainian attack, The Washington Post reported , citing Ukrainian intelligence. AdvertisementAdvertisementIn December 2022, The New York Times reported that Gerasimov was visiting the front lines when he came under attack.
Persons: Valery Gerasimov, , Gerasimov, Darya, Alexsandr, Kyrylo Budanov, We've, Budanov Organizations: General Staff, Washington Post, New York Times, Service, Russian, Staff, Post, The New York Times, Ukrainian, CNN, Times, Kyiv Post, Fleet, Special Forces Locations: Ukraine, Russia, Donbas, Moscow, Ukrainian, London, Kyiv, Crimean
PORT-AU-PRINCE (Reuters) - A U.S. court has charged Haitian gang leader Vitel'homme Innocent for his role in the plot to kidnap an American couple and the death of the wife who was shot dead when armed men entered their home. According to court documents unsealed on Tuesday, after breaking into Jean Franklin and Marie Odette Franklin's Haiti residence in October 2022, Innocent's co-conspirators kidnapped Jean Franklin and demanded a ransom of as much as $150,000 for his release. (Reporting by Harold Isaac and Sarah Morland; Editing by Anthony Esposito)
Persons: Vitel'homme Innocent, Jean Franklin, Marie Odette Franklin's, Innocent's, Harold Isaac, Sarah Morland, Anthony Esposito Organizations: PORT, Reuters Locations: American, Marie Odette Franklin's Haiti
FRANKFURT, Germany (AP) — For months after Ukraine's Western allies limited sales of Russian oil to $60 per barrel, the price cap was still largely symbolic. That time has now come, putting the price cap to its most serious test so far and underlining its weaknesses. But most of that, economists say, stems from Europe's ban on Russian oil, which cost Moscow its main customer. They're accused of carrying Russian oil priced at $75 and $80 per barrel while relying on U.S.-connected service providers. “The price cap is working,” says Nataliia Shapoval, vice president for policy research at the Kyiv school.
Persons: , Benjamin Hilgenstock, Vladimir Putin, ” Hilgenstock, P Global Platts, It's, They're, , , Viktor Katona, haven't, Alexander Novak, Putin, Novak, Europe —, Craig Kennedy, doesn't, Nataliia Shapoval, Shapoval, Josh Boak Organizations: Kyiv School of Economics, International Monetary Fund, U.S . Treasury Department, Stanford University, , Russia ”, Research, Energy, Clean, P Global, Russia, U.S . Treasury, United Arab Emirates, Treasury, Radio Business, Harvard’s Davis Center for Russian, Studies, Kyiv, Stanford, Tanker Locations: FRANKFURT, Germany, Ukraine, Israel, Russia, Ukrainian, U.S, Moscow, Helsinki, Saudi Arabia, Europe, Kozmino, Turkey, India, Russian, Asia, Washington, russia, ukraine
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