UK falls in line with US sanctions on Russia

The British government has followed Washington’s lead by targeting the country’s energy sector and key financial institutions The UK on Thursday announced wide-ranging new sanctions against Russia targeting the country’s energy sector and financial system. The move follows similar action by the US and comes in coordination with other Group of Seven (G7) nations, according…

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Russia threatens response to Western use of frozen assets

A reported $300 billion in Moscow’s forex reserves have been seized as part of Ukraine-related sanctions Moscow will respond with similar measures if Western countries use revenues generated from frozen Russian assets, Finance Minister Anton Siluanov warned on Tuesday in an interview with Asharq TV.

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Former Chinese bank boss arrested on corruption charges – Xinhua

Liu Liange’s reported detention comes as part of widespread anti-corruption efforts in Beijing Liu Liange, the former chairman of the state-owned Bank of China, has been arrested on suspicion of bribery and issuing illegal loans, the Xinhua news agency reported on Monday.

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