Friday, October 31, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

BP exit opens new front in West’s campaign against Russia By Reuters

by Reuters
February 27, 2022
in Stock Market
Reading Time: 3 mins read
A A
0
Home Stock Market
Share on FacebookShare on Twitter


3/3
BP exit opens new front in West's campaign against Russia
© Reuters. FILE PHOTO: A 3D printed pure fuel pipeline is positioned in entrance of displayed BP brand on this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration

2/3

(Reuters) – Power main BP (NYSE:) opened a brand new entrance within the West’s marketing campaign to isolate Russia’s financial system, with its choice to give up the oil-rich nation essentially the most aggressive transfer but by an organization in response to Moscow’s invasion of Ukraine.

Western allies have ramped up efforts to punish Russia with new sanctions together with shuttering their airspace to Russian plane, reducing a few of its banks off the SWIFT monetary community and limiting Moscow’s means to deploy its $630 billion international reserves – measures which can be anticipated to pulverize the nation’s monetary markets and financial system.

BP, the most important international investor in Russia, mentioned it was abandoning its stake in state oil firm Rosneft at a price of as much as $25 billion, shrinking its oil and fuel reserves in half.

The British firm’s abrupt transfer places the highlight on different Western companies with operations in Russia amid rising strain from governments to tighten the monetary screws on Moscow after it launched the most important assault on a European nation since World Warfare Two.

In a video name on Sunday, the European Union’s inner market chief instructed the chief executives of Alphabet (NASDAQ:) and its YouTube unit to ban customers pushing warfare propaganda as a part of measures to halt disinformation on Ukraine.

Alphabet’s Google has already barred Russia’s state-owned media outlet RT and different channels from receiving cash for advertisements on their web sites, apps and YouTube movies, just like a transfer by Fb (NASDAQ:) after the invasion.

A NO-GO ZONE

In an unprecedented step, European nations and Canada moved to close their airspace to Russian plane and america is mulling related motion, in keeping with U.S. officers.

U.S.-based United Parcel Service Inc (NYSE:) and FedEx Corp (NYSE:), two of the world’s largest logistics corporations, have mentioned they’re halting supply service to Russia and Ukraine.

Massive elements of the Russian financial system might be a no-go zone for Western banks and monetary corporations after the choice to chop a few of its banks off from SWIFT, a safe messaging system used for trillions of {dollars}’ value of transactions world wide.

Even impartial Switzerland will possible comply with the European Union in sanctioning Russia and freezing Russian belongings, its president mentioned on Sunday.

Russians queued at ATMs over the weekend anxious that the brand new sanctions will set off money shortages and disrupt funds.

Tech corporations have additionally been affected with chipmaker Dell Applied sciences (NYSE:) Inc suspending gross sales in Ukraine and Russia after U.S. restrictions on exports of computer systems, sensors and different hi-tech tools was introduced.

Disclaimer: Fusion Media want to remind you that the info contained on this web site is just not essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs usually are not supplied by exchanges however somewhat by market makers, and so costs will not be correct and will differ from the precise market worth, which means costs are indicative and never applicable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any accountability for any buying and selling losses you may incur on account of utilizing this information.

Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or harm on account of reliance on the knowledge together with information, quotes, charts and purchase/promote alerts contained inside this web site. Please be totally knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is likely one of the riskiest funding kinds doable.



Source link

Tags: campaignexitfrontOpensReutersRussiaWests
Previous Post

Barr Rebukes Trump as ‘Off the Rails’ in New Memoir

Next Post

World’s largest plane ‘destroyed by Russian troops during Ukraine invasion’

Related Posts

Alerus Financial Corporation (ALRS) Q3 2025 Earnings Call Transcript

Alerus Financial Corporation (ALRS) Q3 2025 Earnings Call Transcript

by SA Transcripts
October 31, 2025
0

ObserveQ3: 2025-10-30 Earnings AbstractEPS of $0.66 beats by $0.07  | Income of $73.20M (42.92% Y/Y) beats by $1.81M Alerus Monetary Company...

FLXR ETF Manages To Remain Competitive In The Income Investing Market

FLXR ETF Manages To Remain Competitive In The Income Investing Market

by Financial Serenity
October 31, 2025
0

This text was written byObserveMonetary Serenity is a monetary evaluation and quantitative analysis column with a selected give attention to...

Getting Began: Stock Sorts and Situations

Getting Began: Stock Sorts and Situations

by Index Investing News
October 31, 2025
0

Take the guesswork out of sourcing! We want you to benefit from educated purchases doable. In order to take motion,...

Xerox Holdings Corporation 2025 Q3 – Results – Earnings Call Presentation (NASDAQ:XRX) 2025-10-30

Xerox Holdings Corporation 2025 Q3 – Results – Earnings Call Presentation (NASDAQ:XRX) 2025-10-30

by SA Transcripts
October 30, 2025
0

This text was written byObserveLooking for Alpha's transcripts group is accountable for the event of all of our transcript-related tasks....

PT Bank Rakyat Indonesia (Persero) Tbk 2025 Q3 – Results – Earnings Call Presentation (OTCMKTS:BKRKY) 2025-10-30

PT Bank Rakyat Indonesia (Persero) Tbk 2025 Q3 – Results – Earnings Call Presentation (OTCMKTS:BKRKY) 2025-10-30

by SA Transcripts
October 30, 2025
0

This text was written byComply withSearching for Alpha's transcripts group is accountable for the event of all of our transcript-related...

Mycronic AB (publ) 2025 Q3 – Results – Earnings Call Presentation (OTCMKTS:MICLF) 2025-10-29

Mycronic AB (publ) 2025 Q3 – Results – Earnings Call Presentation (OTCMKTS:MICLF) 2025-10-29

by SA Transcripts
October 29, 2025
0

This text was written byComply withIn search of Alpha's transcripts group is liable for the event of all of our...

Next Post
World’s largest plane ‘destroyed by Russian troops during Ukraine invasion’

World's largest plane 'destroyed by Russian troops during Ukraine invasion'

BP to Exit 20% Stake in Russia’s Rosneft

BP to Exit 20% Stake in Russia's Rosneft

Tariffs are expected to start showing up more in consumer prices as holiday shopping season starts

Tariffs are expected to start showing up more in consumer prices as holiday shopping season starts

October 31, 2025
Trump Says US Would Lift China Fentanyl Tariff If Xi Cracks Down

Trump Says US Would Lift China Fentanyl Tariff If Xi Cracks Down

October 31, 2025
Alerus Financial Corporation (ALRS) Q3 2025 Earnings Call Transcript

Alerus Financial Corporation (ALRS) Q3 2025 Earnings Call Transcript

October 31, 2025
DGCA notifies grievance redressal system for disability-friendly air travel

DGCA notifies grievance redressal system for disability-friendly air travel

October 31, 2025
The Internet Just Got Its Own Money

The Internet Just Got Its Own Money

October 31, 2025
Disney pulls ABC, ESPN and more from YouTube TV as talks break down

Disney pulls ABC, ESPN and more from YouTube TV as talks break down

October 31, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Tariffs are expected to start showing up more in consumer prices as holiday shopping season starts

Trump Says US Would Lift China Fentanyl Tariff If Xi Cracks Down

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In