Crippling Russia’s economy: EU explores new sanctions on Russian banks, oil trade; joint action with US being mulled – The Times of India

Crippling Russia’s economy: EU explores new sanctions on Russian banks, oil trade; joint action with US being mulled – The Times of India

Whilst Russia faces severe, crippling sanctions from Western nations, it has managed to mitigate some effects. (AI image) In an attempt to pile on economic pressure on Russia, the European Union is weighing a fresh set of sanctions on Russian banks and oil trade to get President Vladimir Putin to end the war against Ukraine.According…

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‘Discriminatory’: Putin blasts Western sanctions against Russia; hints at deeper ties with China ahead of visit – The Times of India

‘Discriminatory’: Putin blasts Western sanctions against Russia; hints at deeper ties with China ahead of visit – The Times of India

Russian President Vladimir Putin criticised Western sanctions ahead of his four-day visit to China, warning that trade restrictions and the costs of the Ukraine war have pushed Russia’s economy into recession, as reported by Reuters. In a written interview with China’s Xinhua news agency on Saturday, Putin said Russia and China were united in rejecting…

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