Jason Poblete, Poblete Tamargo partner, discusses how additional sanctions that target key areas will likely impact Russia's economy. At the heart of this issue is energy, says Poblete.» Read More
*Flows of Russian wealth to Singapore rising. *Banks in Singapore are clamping down on who they let in. New sanctions imposed by Washington and Europe over the Ukraine crisis have prompted firms such as VTB- Russia's second-largest bank by assets- and Gazprombank to look east for new sources of funding.
BRUSSELS— The European Union's sanctions against Russia are bound to inflict pain on the country's ailing economy. While still narrowly targeted, they come as a warning shot to convince Moscow to change its Ukraine policies or face even tougher penalties. EU officials say the penalties can be eased if Moscow cooperates in Ukraine.
*U.S crude stocks down 3.7 mln barrels, Cushing down- EIA. NEW YORK, July 30- Oil prices fell on Wednesday, with Brent leading the decline weakened by excess supplies in Europe and Asia, while U.S. crude pared gains despite a larger-than-expected drop in nationwide stockpiles.
BERLIN, July 30- Germany and the European Union are trying to convince several non-EU countries to join the bloc and United States in imposing sanctions against Russia for its support of separatist rebels in eastern Ukraine, the Foreign Ministry said on Wednesday.
NEW YORK, July 30- The dollar hit 10- month highs against a basket of major currencies on Wednesday while U.S. two-year note yields surged to their highest since May 2011 after data showed surprisingly strong U.S. economic growth.
LONDON, July 30- European shares closed lower on Wednesday, little moved by strong U.S. growth data, after weak earnings reports from cement-makers and concerns about a possible escalation of the conflict between Russia and Ukraine.
LONDON, July 30- Gold fell on Wednesday, pressured by a multi-month high in the dollar following stronger-than-expected U.S. economic growth data and ahead of a Federal Reserve statement that could give hints on interest rate policy. Spot gold, flat initially, fell 0.3 percent to $1,295.20 an ounce by 1452 GMT, after breaking below $1,300 in the previous session.
*U.S., EU impose more sanctions on Russia over Ukraine. LONDON, July 30- Brent crude oil steadied below $108 a barrel on Wednesday, weakened by ample supplies in Europe and Asia, while U.S crude edged higher after data showed a large drop in stockpiles.
MOSCOW, July 30- Russia has proposed that Apple Inc and SAP hand the government access to their source code to make sure their widely used products are not tools for spying on state institutions.
*Eramet says Norilsk would sell to Asia if targeted by West. PARIS, July 30- An embargo against Norilsk Nickel as part of Western sanctions against Russia would hurt nickel users in Europe and the United States rather than Norilsk itself, the head of French mining group Eramet said.
DONETSK, Ukraine, July 30- Western leaders may be Vladimir Putin's biggest critics over the conflict in east Ukraine but the Russian leader is also facing criticism from some of the rebels they accuse him of arming.
MOSCOW, July 30- Russia's second largest natural gas producer Novatek said on Wednesday it was assessing the impact of U.S. sanctions on the financing of joint investment projects. The company repeated that its key projects would go ahead despite sanctions imposed by Washington over Moscow's actions in Ukraine.
*Poland says ban is retaliation for EU sanctions on Russia. MOSCOW/ WARSAW, July 30- Russia announced a ban on most fruit and vegetable imports from Poland on Wednesday and said it could extend it to the entire EU, a move Warsaw called Kremlin retaliation for new Western sanctions over Ukraine imposed on Russia a day earlier.
MOSCOW/ KIEV, July 30- Russia fought back on Wednesday over new U.S. and EU sanctions imposed over Ukraine, where fighting between Moscow- backed rebels and government troops has intensified since a Malaysian airliner was shot down.
*VTB says ready to borrow in other currencies, markets. MOSCOW, July 30- VTB, Russia's second-largest bank by assets, said it is ready to borrow in other currencies and markets after sanctions imposed by the United States thwarted its ability to access dollar financing, a move it called "politically motivated" and "unjust".
KIEV, July 30- Ukraine's economic decline has accelerated as fighting between the army and pro-Russian separatists in the east took a heavy toll on industry and other economic activity in the last three months.
*U.S., EU impose more sanctions on Russia over Ukraine. While there has been no major disruption to oil supplies due to tensions in the Middle East, Africa or Europe, fears that exports could be curtailed underpin crude prices.
*European shares slip as Total hurt by Russia. LONDON, July 30- The euro hit an eight-month trough against the dollar on Wednesday and German bond yields were near record lows ahead of inflation data expected to boost the case for further policy easing by the European Central Bank.
MOSCOW, July 30- Russia's Economy Ministry has drafted a regulation introducing import duties on Ukrainian goods, a draft document showed, in an apparent response to Kiev's trade deal with the European Union. Moscow fears that Ukraine may re-export EU products into Russia, avoiding duties that Russia imposes to protect its own output.
MOSCOW, July 30- Russia announced a ban on most fruit and vegetable imports from Poland on Wednesday and said it may extend the restrictions to the rest of the European Union, its first apparent retaliation to new Western sanctions imposed over Ukraine a day earlier.