BERLIN (Reuters) – E.ON, Europe’s largest operator of energy networks, rejected demands to shut down the Nord Stream 1 gas pipeline as part of sanctions against Russia for invading Ukraine, the company told Rheinische Post newspaper on Monday. After the German government put the Nord Stream 2 pipeline on hold last week, Polish Prime Minister…
SINGAPORE (Reuters) – The Russian rouble tumbled to a record low against the dollar on Monday, after Western nations announced a harsh set of sanctions over the weekend to punish Russia for its invasion of Ukraine, including sanctions on the country’s currency reserves. The dollar/rouble rate was up 41.50% at a record 119.00 per dollar,…
TOKYO (Reuters) – Japan’s government and central bank executives will meet on Monday to discuss market developments in the first such gathering in roughly a year, as the financial fallout from Russia’s invasion of Ukraine broadens. Masato Kanda, vice finance minister for international affairs who oversees Japan’s currency policy, will meet his counterparts at the…
By Ron Bousso and Dmitry Zhdannikov LONDON (Reuters) – BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move yet by a Western company in response to Moscow’s invasion of Ukraine. Rosneft accounts for around…
By Elizabeth Culliford NEW YORK/MOSCOW (Reuters) – As Russian missiles rained down on Ukrainian cities, another battle took place online and over the airwaves. Moscow ramped up efforts to control the narrative playing out in news media and on tech platforms, while big tech companies Facebook-owner Meta Platforms Inc and Alphabet Inc’s Google put restrictions…
(Reuters) – Energy major BP opened a new front in the West’s campaign to isolate Russia’s economy, with its decision to quit the oil-rich country the most aggressive move yet by a company in response to Moscow’s invasion of Ukraine. Western allies have ramped up efforts to punish Russia with new sanctions including shuttering their…
BERLIN (Reuters) – Intel has chosen the east German city of Magdeburg as the site for a new multibillion-euro European chip factory and will make the decision public on March 4, a person familiar with matter told Reuters. The company said in September it could invest as much as $95 billion in Europe over the…
LONDON (Reuters) – The euro opened sharply lower after the weekend as the escalation of Western sanctions on Russia threatened further turmoil on world markets on Monday. By 2055 GMT on Sunday, the single currency was down 1.2% at $1.11390. Aside from blacklisting Russian businesses, individuals and banks, Western powers’ moves to cut some Russian…
By Matt Scuffham, David Henry and Pete Schroeder NEW YORK/WASHINGTON (Reuters) – Senior management and compliance teams at major banks were working around the clock this weekend to understand the raft of new sanctions imposed on Russia and its banking system in the wake of the country’s invasion of Ukraine. Banks were scrambling to ensure…
WASHINGTON (Reuters) – UPS and FedEx have said they are halting delivery service to Russia and Ukraine because of the conflict. The companies said both inbound and outbound services were temporarily suspended to the two countries, in online statements seen on Sunday. (Reporting by Joel Schectman; Editing by Daniel Wallis)
