U.S. Deputy Treasury Secretary Wally Adeyemo said on Friday that China faces a number of economic challenges, including the property sector and an aging population, but he does not see major spillovers to the U.S. economy outside of China's excess manufacturing capacity. "I am not concerned about the headwinds from China having a large impact…
The U.S. said it is targeting Russia’s largest state-owned shipping company and fleet operator for sanctions, saying a price cap on Russian sea-borne oil imposed in December 2022 is serving its "twin goals" of limiting Kremlin profits from the sale of oil while promoting stable energy markets.
Russia (AFP) The United States blacklisted 14 Russian oil tankers Friday as it sought to cut Moscow's petroleum revenues by enforcing a price cap imposed by the West after the Ukraine invasion. The Treasury Department imposed sanctions on state-run shipping company Sovcomflot and said it was giving 45 days for the offloading of oil or other cargo from 14 of its ships before enforcement. The price ceiling is aimed.
On Friday's broadcast of MSNBC's "Katy Tur Reports," Deputy Treasury Secretary Wally Adeyemo said that "Russia will still have the ability to sell their | Clips