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New developments show the path for Western banks trying to exit Russia has gotten tougher. Moscow will block the sale of Western bank assets to local Russia buyers, sources told Bloomberg. Russia's government has signaled that it will block any efforts from Western banks to offload their local units to Russian-owned entities, according to Bloomberg, who cited people familiar with the matter. Given the fact that Russia has also prevented sales to foreign buyers, these Western banks appear to be stuck, with limited options available. This latest development is an expansion of the Kremlin's ongoing campaign to keep Western firms within its borders.
Persons: , Raiffeisen Organizations: Bloomberg, Service, US, Austrian, UniCredit, Yale School of Management, Reuters Locations: Russia, Moscow, Russian, UniCredit, Abu Dhabi, Ukraine
One analyst suggests the market could see a repeat of the 2020 oil price war. AdvertisementRussia's wartime economy could face a tougher time securing needed oil revenue if Saudi Arabia tanks global crude prices. "Saudi Arabia is fed up," Simon Henderson, director of the Bernstein Program on Gulf and Energy Policy at The Washington Institute, told Business Insider. However, some kind of confrontation with Saudi Arabia may be stirring. "Unlike Saudi Arabia, its oil is not cheap to extract, making it poorly equipped to deal with low-price conditions.
Persons: , Luke Cooper, hasn't, Simon Henderson, Bernstein, it's, Henderson, Vladimir Putin, Alexander Novak, Cooper Organizations: Service, Organization of Petroleum, Russia, London School of Economics, Financial Times, Gulf and Energy, The Washington Institute, OPEC Locations: Saudi Arabia, Russia, Riyadh, Ukraine, Gulf, Moscow, Iran, Kazakhstan
CNN —Archaeologists have identified the cannibalized remains of a senior officer who perished during an ill-fated 19th century Arctic expedition, offering insight into its lost crew’s tragic and grisly final days. The remains identified as Fitzjames’ in the new study, published September 24 in the Journal of Archaeological Science, were among them. The remains of James Fitzjames, a senior officer who took part in Sir John Franklin's lost expedition to the Northwest Passage, showed signs of having been cannibalized, a new study said. However, unlike Fitzjames’ remains, Gregory’s bones did not display any cut marks suggestive of cannibalism. Canada’s national parks service and the Inuit communities found the final resting place of the HMS Erebus in 2014 and the HMS Terror in 2016.
Persons: James Fitzjames, Sir John Franklin, Franklin, Fitzjames, , Doug Stenton, King William Island, Anne Keenleyside, Claire Warrior, Sir John Franklin's, Stenton, Nigel Gambier, , ” Gambier, Gambier, Stephen Fratpietro, Erebus, John Gregory, Franklin’s, Dan Simmons ’ Organizations: CNN —, Royal Navy, University of Waterloo, Archaeological Science, British, National Maritime Museum, Alamy, Victory, Nunavut Department of Culture and Heritage, CNN, Franklin’s, Lakehead University, Expedition, Maritime, telltale Locations: America, England, Canada, Canada’s Nunavut, London, Sir, Victory, Thunder Bay , Ontario, Willam
Russia's weak response in Kursk shows Putin's leadership still has a major flawRussia's response was slow, allowing Ukraine to take territory, and it hasn't put a general in charge. Putin doesn't want a situation where "any general could claim credit for being the victor," an expert told BI. AdvertisementRussia's weak response to Ukraine's assault into Russian territory is partly due to a persistent flaw in Russian President Vladimir Putin's leadership, a warfare expert told Business Insider. Weeks after the start of the full-scale invasion, Russia put Gen. Aleksandr V. Dvornikov in charge of operations in Ukraine. Destroyed Russian military vehicles on the outskirts of Sudzha, in the Kursk region, in August.
Persons: hasn't, Putin, , Vladimir Putin's, Michael Bohnert, Vladimir Putin, Bohnert, GRIGOROV, Weeks, Aleksandr V, KIRILL CHUBOTIN, Simon Sebag Montefiore, George Barros, Sergei Shoigu Organizations: Service, RAND Corporation, Getty, New York Times, UK Ministry of Defense, Russian, Moscow Times, Publishing, Institute for, Newsweek Locations: Kursk, Ukraine, Russia's Kursk, Russia, Moscow, Kremlin, Russian, Sudzha
The Kremlin said Trump did send Putin COVID tests during the pandemic. A new book by Bob Woodward claims that Trump sent them in early 2020 for Putin's personal use. AdvertisementThe Kremlin seemingly confirmed reports that then-President Donald Trump sent COVID tests to Russian President Vladimir Putin in early 2020, for Putin's own personal use. Journalist Bob Woodward made the revelations in his forthcoming book "War," excerpts of which were published by CNN and The Washington Post on Tuesday. AdvertisementThe book also claims that Trump may have had up to seven phone calls with Putin since leaving office in 2021, citing a Trump aide.
Persons: Trump, Putin, Bob Woodward, Woodward, , Donald Trump, Vladimir Putin, Dmitry Peskov, Peskov, — it's, Steven Cheung, Cheung Organizations: Kremlin, Trump, Service, CNN, Washington Post, Putin, TIME
The United States is experiencing yet another divisive campaign season, but there may be a place where Americans can find calm and camaraderie: a vice presidential debate. "Saturday Night Live" followed up a historic, Season 50 premiere with more satire as Tuesday's debate between nominees for vice president, Sen. JD Vance, R-Ohio, and Democratic Gov. The "SNL" recreation had repertory player Heidi Gardner playing CBS News' Norah O'Donnell, who introduced the running mates. Walz, played by comedian Jim Gaffigan, is a former teacher and high school football coach tapped by Vice President Kamala Harris (Maya Rudoph) as her Democratic running mate. Vance (Bowen Yang) was asked by debate cohost Margaret Brennan (Chloe Fineman) how he'd address the crisis in the Middle East.
Persons: Sen, JD Vance, Tim Walz, Heidi Gardner, Norah O'Donnell, Walz, Jim Gaffigan, Kamala Harris, Vance, Bowen Yang, Margaret Brennan, Chloe Fineman, Margaret, he's, I'm, Donald Trump, Hitler, " Walz interjected, Rudolph's Harris, Harris, Douglas Emhoff, Andy Samberg, Joe Biden, Dana Carvey, Mary, I’m, Emhoff, Nate Bargatze, Coldplay Organizations: Democratic Gov, CBS, Democratic, SNL, NBC, NBC News Locations: States, R, Ohio, Minnesota, NBCUniversal
RBC gives its top stock picks for the fourth quarter
  + stars: | 2024-10-04 | by ( Sean Conlon | ) www.cnbc.com   time to read: +4 min
The fourth quarter is just getting started, and RBC Capital Markets sees some stocks slated for growth in the months ahead. Looking ahead, RBC unveiled a list of its top 30 high-conviction global stock ideas that it thinks are poised to outperform in the long term. As a result, RBC has an outperform rating on the name, with a price target of $48. "As proof-points to the success of this strategy emerge, we believe the stock could begin to re-rate higher," the analyst said. Software name CrowdStrike and British oil giant Shell were also picked for the fourth quarter's list.
Persons: Brad Erickson, Daniel Perlin, Perlin, Ferrari, Tom Narayan Organizations: RBC Capital Markets, Dow Jones, RBC, Sarepta Therapeutics, Amazon, P Global, PayPal, Reuters Locations: Italy
Russia's economy is staring at "near stagnation," according to Anders Åslund. That's according to Anders Åslund, a Swedish economist who says Russia's economy is taking a bigger hit from Western sanctions than some believe. "My own view is that the current sanctions regime shaves off 2-3% of GDP each year, condemning Russia to near stagnation. AdvertisementRussia's GDP technically grew 3.6% last year, with another 3.2% real GDP growth expected in 2024, according to estimates from the International Monetary Fund. Consumer prices rose 8.5% year-per-year the week of September 17, according to official figures from Russia's Economic Development Ministry.
Persons: Anders Åslund, , Putin, Åslund, SWIFT Organizations: Service, Ukraine, Syndicate, International Monetary Fund, Labor, Economic Development Ministry, Soviet Union, Wealth Fund Locations: Swedish, Moscow, Ukraine, Russia, Soviet
Iran, Israel, and other neighboring nations closed their airspaces, forcing flight diversions. Some Lufthansa flights returned to Frankfurt several hours into their journeys to India and Dubai. AdvertisementFlightRadar24 shows Swiss and Lufthansa flights diverting amid Iran attacks on Israel on Tuesday. Several other carriers were also being forced to divert as route options remained limited between Europe, the Middle East, and Asia. AdvertisementAirlines like Japan Airlines, British Airways, and Finnair added up to four hours of flight time to avoid the Kremlin's airspace on flights between Asia and Europe amid Russian airspace closures and sanctions.
Persons: , FlightRadar24, Finnair Organizations: Lufthansa, Service, German, Swiss, Emirates, British Airways, Royal Jordanian Airlines, El, Business, Airlines, Japan Airlines Locations: Iran, Israel, Frankfurt, India, Dubai, Jordan, Iraq, Europe, Zurich, Antalya, Turkey, Asia, London, Paris, Amman, Israeli, Rhodes, Greece, Tel Aviv, Larnaca, Cyprus, East, Russia, Ukraine
New satellite imagery shows how Russia has continued to add defenses to protect the Kerch Bridge. AdvertisementNew satellite imagery shows how Russia has stepped up its efforts to protect a key bridge from Ukrainian attacks, including its exploding naval drones. An overview of barriers near the Kerch Bridge on September 28. The threat has prompted Moscow to add defenses like the ones at the Kerch Bridge to the key ports of Sevastopol and Novorossiysk. A second Pantsir air-defense system on a tower near the Kerch Bridge on September 28.
Persons: , Brady Africk, Maxar, Vladimir Putin Organizations: Service, Maxar Technologies, Business, Technologies, Fleet, American Enterprise Institute, Ukrainian Navy Locations: Russia, Kerch, Crimean, Crimea, Ukraine, Moscow, Sevastopol, Novorossiysk, Brady, Kyiv
Sen. JD Vance is one of the least-liked major vice presidential candidates in recent memory. Tim Walz in the first and only vice presidential debate. He'll get that chance on Tuesday night when the Republican vice presidential nominee debates Gov. Vice presidential candidates are traditionally near after-thoughts in the presidential race. After being anointed former President Donald Trump's MAGA heir apparent during a triumphant convention, Vance has become the least popular vice presidential nominee in recent memory.
Persons: Sen, JD Vance, Vance, Tim Walz, It's, , He'll, Mike Pence's, Vance hasn't, Donald Trump's MAGA, Sarah Palin, Trump, Joel Goldstein, Trump's Trump, Taylor Swift, hasn't, Harris, Debbie Walsh, Kamala Harris, Walz, Donald Trump, Goldstein, Bradley Tusk, FiveThirtyEight, Palin, hyperpartisanship, He's Organizations: Gov, Service, Republican, Democratic, Center for American Women, Business, Trump, CNBC, Saint Louis University law, Venture Partners, Convention Locations: Ohio, Philadelphia, Springfield , Ohio, Alaska
Celia Robbins relocated with her family to Berlin after her husband got a job in Germany. Last year, the kids and I moved to Berlin so they could attend international school. AdvertisementBack in the US, I had been helicopter-parenting my kids, having a lot of control over every aspect of their lives. I was beholden to my kids' schedule in the USI spent about two hours every day in the car, driving my kids to school or to a long list of extracurriculars. But here in Berlin, kids are expected to manage their own things and get themselves to places.
Persons: Celia Robbins, Robbins, she's, , would've, he'd, Let's, I've, it's Organizations: Service, Embassy of, Cornell University, Rostock —, UN Locations: Berlin, Germany, American, United States, America, Ithaca , New York, Rostock, I'm, New York
Rocki McCrocklin, 52, rents her Bend, Oregon, backyard out to campers for about $74 a night. The first summer we lived in the house, some of our friends said they were taking a trip with Hipcamp. It goes back into the upkeep of the spots, too, but with a two-acre property, there's always going to be high maintenance costs. Courtesy of Rocki McCrocklinI really love meeting our guests and getting to know some amazing people. Some Hipcamp guests have been especially memorableMcCrocklin put the woodchips down on the campsite to minimize dirt spreading to the rest of the yard.
Persons: Rocki McCrocklin, McCrocklin, , We're, she's, there's, we're, We've, we've, There's Organizations: Service, Hipcamp, Hayden Homes Amphitheater Locations: Bend , Oregon, Bend, Redmond, Georgia, Pennsylvania, Sweden, Santa Rosa , California, McCrocklin's
Buffalo Bills safety Damar Hamlin's miraculous comeback reached another milestone Monday as he grabbed his first career interception. Hamlin is in his fourth season with Buffalo, but it’s his first season as a starting safety. He earned the spot in training camp after the Bills parted ways with their previous starting safeties in the offseason. Hamlin’s first career interception came 20 months after his near-fatal injury against the Cincinnati Bengals, which was also a "Monday Night Football" game. It’s another thing to come back off of what he came back off of, right?” Bills coach Sean McDermott said before the team’s season opener.
Persons: Hamlin, Trevor Lawrence, Lawrence, Brian Thomas Jr, Hamlin’s, commotio, Sean McDermott, , ” Hamlin Organizations: Buffalo Bills, Jacksonville Jaguars, Bills, Buffalo, Cincinnati Bengals, NFL, Kansas City Chiefs
According to Lebanese health officials, Israeli strikes have killed 558 people and led thousands to flee for safety. "It's not going to be a walk in the park," Assaf Orion, a retired brigadier general from the Israeli military told the Journal. Analysts say that Hezbollah has likely learned valuable lessons from working with the Russian military in Syria. The latest round of conflict between Israel and militias aligned with its arch-foe Iran began on October 7, when Hamas launched terror attacks in Israel and Israeli forces invaded Gaza. Hezbollah launched missile attacks on northern Israel in solidarity with Hamas, while the US pledged support for Israel if attacked and the Kremlin shored up support for its regional allies.
Persons: , Vladimir Putin's, It's, Mesrob, Russian Wagner Organizations: Service, Military, Wall Street, Business, Center for Strategic, International Studies, Department of Politics, Studies, SOAS, University of London, France, Hezbollah, Israel, CNN, Washington Institute for Near, Hamas, Washington Institute Locations: playbook, Ukraine, Lebanon, Israel, Russia, Ukrainian, Syria, Russian, Iran, Gaza, Hezbollah
NBC News takes a look at the hostages who remain in Hamas captivity. Other hostages have been found dead, including the six who were killed by Hamas last month. Hamas also holds two hostages, one taken in 2014 and the other in 2015, as well as the bodies of two slain Israeli soldiers. And after the recent killing of the six hostages in Gaza, Hamas said that hostage guards had been operating under new orders. Judith Weinstein, 70, and Gadi Haggai, 73Married couple Judith Weinstein and Gadi Haggai, both American citizens, were initially believed to have been taken hostage by Hamas, but their statuses were unclear.
Persons: Lee Siegel, Keith Siegel, Aviva Siegel, Lee, , Noa Argamani, — Alon Shamriz, Yotam Haim, Samer Talalka —, Hersh Goldberg, — Nik Beizer, Ron Sherman, Elia Toledano, Siegel, Omri Miran, Miran, Keith, Chen, Nir Oz, Jonathan Dekel, Abu Ubaida, Al, Edan Alexander, , , Yael Alexander, Omer Neutra, NBC's, Hersh, Neutra’s, Orna Neutra, Itay Chen, Ruby, Hagit Chen, Judith Weinstein, Gadi Haggai, Joe Biden Organizations: Aviva, NBC, Israel Defense Forces, Sunday, Hamas, Brigades Locations: Israel, Gaza, American, shrouds, New Jersey
While top executives from Alphabet , Meta and Microsoft are headed to Capitol Hill on Wednesday for a hearing on election threats, Elon Musk's X won't be participating. A representative for Sen. Mark R. Warner, the Democratic chair of the Senate Intelligence Committee, said in an emailed statement that X "declined to send an appropriate witness." The hearing is titled "Foreign Threats to Elections in 2024 — Roles and Responsibilities of U.S. Tech Providers." On Wednesday, Musk shared a false story on X that claimed explosives were found in a car near Trump's planned rally in Long Island, New York. "Under X, they are absent and some of the most egregious activity has taken place" on the platform, Warner said.
Persons: Elon Musk's, Sen, Mark R, Nick Pickles, Pickles, Kent Walker, Nick Clegg, Brad Smith, Marco Rubio, Joe Biden, Donald Trump, Biden, Merrick Garland, Musk, Kamala Harris, Harris, Warner Organizations: Microsoft, Capitol Hill, Warner, Democratic, Senate Intelligence, X, CNBC, U.S . Tech Providers, Republican, Social Design Agency, U.S . Department, Foreign Assets, Nassau County police, SpaceX, FAA Locations: Russian, Russia, Iran, China, Long Island , New York, Nassau County
Read previewIn the wake of the Ukraine war, Russia has formed a close alliance with China, the world's second-biggest economy, and boosted trade ties with other major economies, such as India. AdvertisementFor decades, North Korea has been among the poorest and most isolated Asian countries, with the UN imposing severe sanctions to curtail its nuclear weapons program. However, the Ukraine war enabled North Korean leader Kim Jong Un to improve his situation, forming a valuable security pact with Russian President Vladimir Putin's Russia in June. AdvertisementIn return, Kim has secured new security pledges from Putin, alongside access to valuable Russian military technology. Ukraine is currently battling to hold back intensifying Russian attacks in Donetsk, east Ukraine, but has seized control of a swath of Russian territory in Kursk.
Persons: , GUR, Kyrylo Budanov, Budanov, Kim Jong, Vladimir Putin's, Kim, Putin Organizations: Service, Business, Kyiv, Reuters, North, US Defense Intelligence Agency Locations: Ukraine, Russia, China, India, North Korea, Vladimir Putin's Russia, Korea, Iran, Donetsk, Kursk
Tua Tagovailoa will likely be sidelined for the team's next game and perhaps longer, his coach said Friday, as the Miami Dolphins QB was told to concentrate on being the "starting quarterback of his family." The Dolphins’ next game is a week from Sunday as they travel northwest to play the Seattle Seahawks. The decision to play will be in the hands of Tagovailoa and his doctor, Miami coach Mike McDaniel said. I don't see it," McDaniel told reporters. The Dolphins rewarded Tagovailoa in July with a four-year, $212.4 million contract, with $167 million guaranteed.
Persons: Tua, Tagovailoa, Damar Hamlin, Mike McDaniel, McDaniel, Miami's, Skylar Thompson, Tim Boyle, Skyler, Hamlin, I'd, I've Organizations: Miami Dolphins, Bills, Buffalo Bills, Dolphins, Seattle Seahawks, QB Locations: Miami, Cincinnati
Commerzbank shares jumped on market open on Wednesday, after Italian bank UniCredit acquired a 4.5% stake in the Frankfurt-based lender from the German government. Commerzbank stock was up 17.5% at 9:37 a.m. London time. The stake acquisition marks the first step in Berlin's exit from its position in the German lender. The German government said it had sold around 53.1 million shares — or a roughly 4.49% tranche out of its 16.49% total shareholding — in Commerzbank for roughly 702 million euros ($775 million) to UniCredit. Also on Wednesday, the German lender said Commerzbank chief Manfred Knof will fulfil but not seek to renew his term after the end of his contract in December 2025.
Persons: Commerzbank, Eva Grunwald, UniCredit, Manfred Knof Organizations: UniCredit, Bank, CNBC Locations: Frankfurt, London, Commerzbank, Berlin, Milan
The plot to topple Putin
  + stars: | 2024-09-09 | by ( Paul Starobin | ) www.businessinsider.com   time to read: +32 min
But it was only when Putin launched his full-scale invasion of Ukraine , in 2022, that Ammosov began to plot the overthrow of his homeland. As I found in months of wide-ranging interviews, everyone aspiring to a new Russian revolution grasps the seemingly impossible odds of their bid to topple Putin. Ponomarev — who was profiled last year in The Washington Post under the headline "Could this man bring down Putin?" Most applicants live in Russia, Sokolov tells me, but submissions have come from as far away as Uruguay. "I know a lot of good officers" in the CIA, Ponomarev told me, who "sympathize" with the anti-Putin insurgency.
Persons: Vladislav Ammosov, Ukraine —, Ammosov, wondrously, Vladimir Putin, Putin, Simona Supino, Alexey Navalny —, Ilya Ponomarev, Ponomarev —, , Sean Guillory, Denis Sokolov, Sokolov, Galina Starovoytova, Anastasia Sergeeva, Sergeeva, Valter, Putin —, Tatiana Kosinova, Yelena Bonner, Itil, Boris Nemtsov, Nemtsov, Vladimir Lenin, specter, NurPhoto, Lenin, Leon Trotsky, Mao Zedong, Fidel Castro, Boris Akunin, Ponomarev, Trotsky, Mao, Castro, Alexei Sobchenko, Sergei Chuzavkov, Ilya Ponomarev Ponomarev, Michał Kamiński, Kosinova, Pavel Ivanovich Chichikov, Nikolai Gogol's, . Barnum, Bernie, Madoff, Donald, Leonid Nevzlin, Mikhail Khodorkovsky, Navalny, King George III, Khodorkovsky, Garry Kasparov, Putin's, Andrey Volna, Brian Fitzpatrick, Charlie Wilson's, Tom Hanks, Philip Seymour Hoffman, Daniel Fried, William Burns, Fried, Biden, We're, Evgenia, it's Organizations: Putin, Ukrainian, Russian Federation, The Washington Post, University of Pittsburgh, Civic Council, Kennan, Wilson Center, GRU, Russia, BI, International Republican Institute, CIA, Kremlin, Russian, Memorial, Soviet Union, of America, Civic, Ukraine's Ministry of Defense, Russian Volunteer Corps, European, Human Rights, Siberian Battalion, Ammosov, Ukrainian Armed Forces, Putin's Defense Ministry, True, Bolsheviks, of Russia Legion, People's Deputies, State Department, Justice Department, Polish Senate, Trump University, Trump, Khodorkovsky, FBI, Intelligence, Senate, Ukrainian Security Services, Bolshevik Locations: Siberia, Russia, Warsaw, Poland, Ukraine, Sakha, India, Putin Russia, Russian, Kyiv, The, restive North Caucasus, Washington, Soviet Union, Moscow, WhatsApp, Ukrainian, Soviet, Crimean, USSR, Europe, Uruguay, Armenia, Georgia, Kazakhstan, America, Canada, Great Britain, Germany, Australia, Belgorod, Kursk, Kremlin, China, Cuba, True Russia, Ponomarev, Northern Virginia, Polish, ., Lviv, Yukos, London, Pennsylvania, Texas, Afghanistan, Putin Russian, Tallinn, Estonia
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Read previewUkraine's Kursk offensive shows what the country could achieve if its allies dropped their weapons restrictions, a leading European official said. It's also complicated Russian plans for offensive operations later this year, Ukraine's military spymaster, Kyrylo Budanov, told Ukrainian radio station Radio Charter on Saturday, per a translation by the Institute for the Study of War. Western allies lifted some restrictions in May, allowing Ukraine to strike Russian troops building up at its borders, but it's still not allowed to use Western weapons to carry out deep strikes . "There's no one capability that will, in and of itself, be decisive in this campaign," Austin said, per Politico.
Persons: , Marko Mihkelson, Mihkelson, Gen, Oleksandr Syrskyi, Syrskyi, It's, Kyrylo Budanov, it's, Volodymyr Zelenskyy, Defense Lloyd Austin, Austin Organizations: Service, West, Estonia's Foreign Affairs, Business, CNN, Radio, Institute for, Ramstein, American Enterprise, Defense Locations: Kyiv, Ukraine, Ukrainian, Russia's Kursk, Russia, Kursk, Pokrovsk, Western, Germany
U.S. President Joe Biden and Chinese President Xi Jinping before a meeting during the Asia-Pacific Economic Cooperation leaders' week in Woodside, California, Nov. 15, 2023. China on Sunday said it "resolutely opposes" the U.S. decision to add multiple Chinese entities to its export control list in a bid to further curb Russia's access to advanced U.S. technology required for its weapons. The U.S. on Friday said it is tightening export controls to "further restrict the supply of both U.S.-origin and 'U.S. A total of 123 entities were added to the list, including 42 located in China, 63 from Russia and 14 in Türkiye, Iran, and Cyprus. Firms on the "Entity List" are subjected to export restrictions and licensing requirements for certain technologies and goods.
Persons: Joe Biden, Xi Jinping, Alan Estevez Organizations: Economic Cooperation, Xinhua, China's Ministry of Commerce, Firms, Commerce, Industry Locations: Asia, Woodside , California, China, Beijing, U.S, Russia, Belarus, Ukraine, Türkiye, Iran, Cyprus
The US Treasury and State Department has issued new sanctions against entities still helping Russia. The Treasury warned that secondary sanctions could target nations hosting Russian bank branches. Go to newsletter preferences Thanks for signing up! AdvertisementThe US has taken fresh aim at Russia's wartime economy with another wide-sweeping sanctions package, targeting sources that help sustain Moscow's fight in Ukraine. On Friday, The Treasury and State Department announced restrictions against 400 individuals and entities worldwide, including in China, Turkey, and Switzerland.
Persons: , Wally Adeyemo Organizations: US Treasury, State Department, Treasury, Service, Business Locations: Russia, Ukraine, China, Turkey, Switzerland
Read previewA Ukrainian drone battalion commander says Russia is putting up a stronger fight in Kursk and is sending well-equipped soldiers to the region. AdvertisementThey are now dug down in cellars north of the town of Sudzha, deploying reconnaissance and strike drones to assist Ukrainian forces in their advance, it said. Ukraine's army chief, Oleksandr Syrskyi, said on Tuesday that Ukrainian forces were 22 miles into Russia. US officials told CNN last week that Russia appeared to be diverting thousands of troops from Ukraine into Kursk. It remains unclear exactly how many soldiers Russia is redeploying to Kursk from the main 600-mile front line in eastern Ukraine.
Persons: , Oleksandr Syrskyi Organizations: Service, Regiment, Wall Street, Business, Institute for, CNN, Russian Presidential Administration Locations: Russia, Kursk, Ukraine's, Sudzha, Russia's Kursk, Ukraine, Russian, redeploying
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