Could sanctions against Putin cripple the global economy?
15 March 2022 | 5:28 am
Putin‘s war on Ukraine is having a devastating economic impact. Countries across Europe face spiralling prices and shrinking markets. Our guests: Katja Gloger (Russia expert), Vendeline von Wedekind (The Economist), Vladimir Esipov (DW)
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The second day of Chinese President Xi Jinping's visit to Moscow saw the two leaders continue high-level talks. Xi has also invited Putin to visit Beijing this year.
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The Russian leader said he struck a deal with his Belarusian counterpart to station tactical nuclear weapons on its territory, making it the first time Moscow has based the arms outside the country since the mid-1990s.
Chelsea posted an overall net loss of almost $149 million for 2021-22 due to "extraordinary expenses and loss of revenue" after sanctions were imposed on previous owner Roman Abramovich, the English Premier League soccer club said on Monday.
Pressure is mounting on South Africa to arrest Russian President Vladimir Putin if he sets foot in Durban later this year. However, due to Pretoria's close ties with Moscow, surrendering Putin to the International Criminal Court remains highly unlikely. Legal experts are now speculating that South Africa may withdraw from the Rome Statute to avoid legal, political and diplomatic challenges.
The Ronald Reagan Presidential Library and a US conservative think-tank were among the organizations sanctioned by China. The move comes after Taiwan's President Tsai Ing-wen met with US House Speaker Kevin McCarthy.
Putin said Russia and China a cooperating closely on strategic issues. Meanwhile, foreign ministers from the G7 have reiterated their support for Ukraine and sanctions against Russia.
Kremlin critic Vladimir Kara-Murza has been found guilty of treason and jailed for 25 years in Russia. The 41-year-old criticized Russia's invasion of Ukraine and told the court he stood by his words.
Kremlin critic Ilya Yashin lost his appeal against an 8.5-year sentence on charges of spreading "false information" about the Russian army.
British American Tobacco (BAT) has been fined $635 million for breaching sanctions on North Korea. The British multinational, a leader in the sale of tobacco products, will pay the record sum to US authorities. BAT's Singapore subsidiary admitted to selling cigarettes to North Korea over a decade between 2007 and 2017, in violation of US sanctions on Pyongyang over its nuclear missile activities.
The US Federal Trade Commission has unveiled a proposal that would bar social media giant Meta from profiting off the personal data collected from child users. The FTC is accusing Facebook and Instagram's parent company of repeated violations of data privacy policies.
In an eleventh round of sanctions on Russia, Brussels is hoping to crack down on the evasion of existing trade restrictions, particularly when it comes to the re-exportation of sensitive technology that can be used on the battlefield in Ukraine. On Monday, the European Commission proposed curbing exports to nations it accuses of helping Moscow get around trade sanctions, as well as blacklisting several Chinese companies that sell equipment that can be used in weapons.
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