The European Commission has told member states that it believes a new scheme, which Russia wants foreign buyers to use to pay for natural gas, will violate the bloc’s sanctions, Bloomberg reported on Thursday citing an anonymous source. Moscow wants all payments to go through one bank and be converted into …
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Moscow’s latest decision to switch to its national currency for gas payments was made to secure Russia’s ability to trade and to ensure that its producers receive their money despite Ukraine-related Western sanctions, according to Dmitry Peskov, press secretary to President Vladimir Putin. “Amid this growing distrust toward reserve currencies …
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Russian President Vladimir Putin has signed a decree, on Thursday, demanding ruble gas payments for buyers from so-called “unfriendly” countries. These are states which have placed sanctions on Moscow in connection with the ongoing conflict in Ukraine. The measure takes effect on Friday and requires that buyers open accounts in Russian banks …
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Kremlin spokesman Dmitry Peskov said the process of switching to ruble payments for Russian gas export deliveries will take time and won’t begin immediately this week, despite the March 31 deadline set by presidential order. “This process is more drawn out in time for technical reasons,” he told reporters, adding …
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The West will not agree to a Russia request to pay gas bills in rubles, French President Emmanuel Macron has told President Vladimir Putin, according to news agency Reuters. Macron told Putin it was impossible for Western clients to pay for gas in Russian currency, the news agency reported on Tuesday, …
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The switch to rubles for gas payments, announced earlier this week by Russian President Vladimir Putin, would force the European Union to circumvent its own anti-Russia sanctions if it wants to keep the gas flowing in, Germany’s Der Spiegel reported, citing economy experts. According to Düsseldorf economist Jens Südekum, in …
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Scott Jackson Davis, 46, was granted $3.3 million in Paycheck Protection Program (PPP) loans after he claimed he needed the money to pay for the “significant payroll” of three businesses. An investigation revealed, however, that the companies “had few if any employees and little to no payroll.” Authorities also discovered …
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On Friday, lawyers representing 14,683 Apple workers asked a federal judge to approve the settlement, which was reached after eight years of litigation. Employees of 52 Apple Store outlets filed the class-action lawsuit back in 2013, alleging that the tech giant was breaching California law by not compensating staff for …
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Returning to Washington from Europe on Wednesday, Biden was asked about reports of a massive migrant caravan traveling towards the US from Mexico, and whether reports of the payoff might be incentivizing illegal immigration. “If you guys keep sending that garbage out, yeah, but it’s not true,” he said. “That’s …
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Pentagon spokesman John Kirby revealed the offer on Friday, stating that Defense Secretary Lloyd Austin made a “commitment” to the Akhmadi family for compensation following the August 29 drone strike, “including offering ex gratia condolence payments” and State Department assistance in relocating family members to the United States. The offer …
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