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 airspace to Russian aircraft, cutting some of its banks off the SWIFT
financial network and limiting Moscow's ability to deploy its $630 billion foreign reserves - measures that are expected to pulverize the country's financial markets and economy.
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BP exits partnership with Russian energy company RosneftBP said cooperation with Rosneft is not in the 'long-term interests' of shareholders.
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West unleashes SWIFT bans, more crushing penalties on RussiaWASHINGTON (AP) — The United States and European nations agreed Saturday to impose the most potentially crippling financial penalties yet on Russia over its unrelenting invasion of Ukraine, g…
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West unleashes SWIFT bans, more crushing penalties on RussiaUkrainians rushed to the borders Saturday as invading Russian troops pressed on with their march toward Ukraine’s capital of Kyiv. At least 150,000 people have fled Ukraine into Poland and other neighboring countries in the wake of the Russian invasion.
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Investors brace for volatility as West moves to cut Russia off from SWIFTInvestors were preparing on Saturday for more wild gyrations in asset prices after Western nations announced a harsh set of sanctions to punish Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payments system.
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West unleashes SWIFT bans, more crushing penalties on RussiaWASHINGTON — The United States and European nations agreed Saturday to impose the most potentially crippling financial penalties yet on Russia over its...
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West Unleashes SWIFT Bans, More Crushing Penalties on Russia - Alabama NewsThe United States and its European allies have agreed to levy the most potentially crippling sanctions yet on Russia over its invasion of Ukraine.
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