Sterling, yen dragged by fiscal and political worries
The pound and the yen came under strain on Wednesday, weighed down by renewed investor concerns over global fiscal health and political uncertainty in...
The Kremlin has warned that the latest US sanctions on Russia’s energy sector could destabilize global markets, with Moscow pledging to take measures to minimize the impact. The sanctions, aimed at cutting Russia’s war funding, target major oil producers and vessels involved in shipping Russian oil.
The Kremlin warned on Monday that the latest round of US sanctions targeting Russia's energy sector could destabilize global markets, with Moscow vowing to take steps to mitigate their impact. Kremlin spokesman Dmitry Peskov criticized the US for attempting to undermine Russian companies through non-competitive measures but expressed confidence in Russia's ability to counteract them.
Peskov added that such sanctions would inevitably disrupt international energy markets, including oil markets, and emphasized that Russia would carefully monitor the situation and adjust the operations of its companies to minimize the consequences of what he called "illegal decisions."
The US Treasury imposed new sanctions on Friday, targeting Russian oil producers Gazprom Neft and Surgutneftegaz, as well as 183 vessels involved in shipping Russian oil. The measures are intended to reduce Russia’s revenue, which funds its war with Ukraine. US officials suggest the sanctions could cost Russia billions of dollars monthly if fully enforced.
In response, Chinese and Indian refiners, which have been major buyers of Russian oil, are exploring alternative crude supplies. Many of the vessels affected by the new sanctions have been transporting oil to these countries. Peskov remarked that history has shown it is difficult to permanently block energy supply routes, and that Russia would seek alternative solutions to lessen the sanctions' impact.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Ukraine’s air defence systems were activated in Kyiv on Wednesday as the capital came under a new Russian air attack. Authorities urged residents to remain in shelters during the strikes.
China launched its largest military parade on Wednesday, showcasing growing firepower as President Xi Jinping sought to project Beijing’s role on the global stage. Russian President Vladimir Putin and North Korean leader Kim Jong Un were among the leaders attending at Tiananmen Square.
China held its largest-ever military parade on Wednesday, showcasing its growing military power and geopolitical influence as President Xi Jinping positions Beijing as a custodian of the post-U.S. international order.
U.S. forces carried out a precision strike on a suspected transnational drug vessel in the southern Caribbean, killing all 11 people aboard, President Donald Trump and the Pentagon confirmed on Tuesday.
Moscow maintains that negotiations between Russia and Ukraine should continue, but stresses that progress is only possible if what it calls the “new territorial realities” are acknowledged.
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