Tag Archives: Bloomberg

The Group of Seven (G7) will pledge to provide support to Ukraine in all possible forms “for as long as it takes,” according to a draft communique of its ongoing summit, seen by Bloomberg. The three-day meeting of the G7 leaders started on Sunday in Bavaria, Germany, with the Ukrainian …

Washington has been actively selling from its Strategic Petroleum Reserve (SPR) over the past year to keep energy prices from rising even higher, Bloomberg reported on Friday, noting that the government can’t keep tapping the reserves forever. According to the report, over the past year almost 115 million barrels were …

JPMorgan Chase and Goldman Sachs are withdrawing from handling trades of Russian debt, Bloomberg reported on Tuesday. The pullout follows Washington’s announcement last week that it was banning US investors from holding such assets. According to the report, which cited market professionals, JPMorgan Chase and Goldman Sachs were still matching …

US officials are “quietly” urging agricultural firms to boost Russian fertilizer imports amid growing shortages and a looming international food crisis, Bloomberg news agency reported on Monday, citing unnamed sources familiar with the discussions.  Companies fearful of US sanctions have apparently all but ceased purchases, despite loopholes built into the penalties. The US and most EU …

The US will soon have no new Javelin anti-tank missiles to spare for Ukraine, Bloomberg reported on Tuesday. “The war has already consumed as much as one-third of the US military’s inventory of Javelins. Within months, the Pentagon will be unable to deliver new ones without emptying out its own …

A $4.3 billion plan aimed at weaning the US off Russian supplies of enriched uranium is awaiting approval from Congress, according to unnamed sources close to the matter, as quoted by Bloomberg. If approved, the plan will provide funds to purchase the nuclear-reactor fuel directly from US producers, allowing Washington …

The Biden administration is split over how much further the US can push sanctions against Russia without undermining its own economy and Western unity, Bloomberg reports.  According to the news agency, US President Joe Biden’s team has largely backed the sanctions plan Washington set in motion after Russia attacked Ukraine …

Asian countries became the largest importers of Russian oil for the first time in April 2022, overtaking Europe, Bloomberg reported on Friday, citing Singapore-based analytics firm Kpler. Roughly 71.7 million barrels of Russian crude were delivered to Asia last month, more than twice as much as Russia shipped to the …

US president Joe Biden’s administration intends to woo India into slowing down its defense cooperation with Russia by offering New Delhi a military assistance package that could be worth as much as  $500 million, Bloomberg reported on Tuesday, citing anonymous sources. Russia has long been a major provider of arms to …

Turkey’s list of demands for NATO and its prospective members Finland and Sweden includes the removal of sanctions imposed on Ankara over its purchase of S-400 missile defense systems from Russia, as well as re-inclusion in the F-35 advanced aircraft program, Bloomberg reported on Tuesday, citing “three senior Turkish officials.” …