Biden throttles trade between the U.S. and Russia
U.S. President Joe Biden on Friday said the United States will revoke Russia's "permanent normal trade relations" status to punish Moscow over its invasion of Ukraine.
Kremlin : Russian economy in ‘shock’ from unprecedented economic war
The Kremlin said on Thursday that Russia's economy was experiencing a shock and that measures were being taken to soften the impact of what it described as an "absolutely unprecedented" economic war being waged against Moscow.
Putin warns the West: Russia will emerge stronger
Russian President Vladimir Putin said on Thursday that Russia would ultimately emerge stronger and more independent after overcoming the difficulties caused by what he called the West's illegitimate sanctions.
EU hits Russia, Belarus with more sanctions, set to snub Ukraine on swift membership
The European Union announced fresh sanctions against Russia and its ally Belarus on Wednesday but EU leaders are set to rebuff Kyiv's appeal for accelerated membership of the bloc when they meet on Thursday to discuss Russia's war in Ukraine.
Kremlin tells United States to await response to “economic war”
The Kremlin accused the United States on Wednesday of declaring an economic war on Russia that was sowing mayhem through energy markets, and put Washington on notice it was considering its response to a ban on Russian oil and energy.