Zurich Insurance Group will drop out of Russia's Nord Stream 2 project in the face of looming US sanctions against European companies that support construction of the $11 billion gas pipeline, two sources familiar with the situation said.
The US imposed sanctions on several Ukrainian individuals, accusing them of US election interference and associating with a pro-Russian Ukrainian lawmaker linked to efforts by President Donald Trump’s allies to dig up dirt on President-elect Joe Biden and his son.
The US government on Monday (11 January) said it would begin collecting new duties on aircraft parts and other products from France and Germany from Tuesday after failing to resolve a 16-year dispute over aircraft subsidies with the European Union.
The EU has “excessively politicised” the negotiations between Ankara and Brussels, Turkey’s Minister of Foreign Affairs Mevlüt Çavuşoğlu told EURACTIV’s partner EFE in a written interview, calling on the bloc to take a more positive approach. He reiterated his country’s...
President Recep Tayyip Erdoğan said on Wednesday (16 December) US sanctions imposed on Turkey over its purchase of Russian defence systems were a "hostile attack" on its sovereign rights and defence industry, and the move was bound to fail.
The United States on Monday (14 December) removed Sudan from its state sponsors of terrorism blacklist and declared a "fundamental change" in relations, less than two months after the Arab nation pledged to normalise ties with Israel.
The United States is poised to impose sanctions on Turkey over its acquisition last year of Russian S-400 air defense systems, three US officials said, a move likely to worsen already problematic ties between the two NATO allies.
The Trump administration on Thursday (3 December) added China's top chipmaker SMIC and oil giant CNOOC to a blacklist of alleged Chinese military companies, a move likely to escalate tensions with Beijing before President-elect Joe Biden takes office.
The United States will sanction more than two dozen people and entities involved in Iran’s nuclear, missile and conventional arms programs, putting teeth behind UN sanctions on Tehran that Washington argues have resumed despite the opposition of allies and adversaries.
German medical specialists are investigating similarities between the attempted poisoning of a Bulgarian businessman and his son in 2015 and the recent poisoning of Russian opposition frontman Alexei Navalny, who is being treated in a Berlin hospital.
France and the US locked horns Thursday (18 June) over taxing digital giants such as Google and Facebook, after Washington said it was breaking off talks aimed at establishing a global framework for making the companies pay larger levies where they operate.
US senators announced a bill on Thursday (4 June) expanding sanctions on Russia's Nord Stream 2 and Turkish Stream natural gas pipelines and targeting the projects Washington says will boost Moscow's economic and political influence in Germany and other European countries.
Russia’s Rosneft, which closed its oil trading arm after sanctions were imposed by US authorities in February, has set up a new Geneva-based trading business, four trading sources familiar with the matter said.
The European Union's foreign policy chief on Thursday (28 May) condemned Washington's move to end sanction waivers for countries remaining in the Iran nuclear accord, warning it would make it harder to keep Tehran in check.
Germany’s energy regulator on Friday (15 May) declined to grant a waiver of European Union gas directives to the operators of the Nord Stream 2 pipeline, dealing a fresh blow to the project to carry gas from Russia to Germany under the Baltic Sea.
The United States on Tuesday (31 March) offered a path for Venezuela's leftist leadership to remove sanctions in the face of a mounting humanitarian crisis by accepting a transitional government that excludes US ally Juan Guaidó.
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