Oil-for-Food Programme
A cap on Russian oil prices? G7 eyes untried, risky plan
Capping the price of Russian oil, an approach G7 members said Friday they want to pursue "urgently," would be an unprecedented move and one which some analysts say could backfire.
Iraq Warns of "Collapse" if Trump Blocks Iraq's Access to NY Fed
Iraq fears an economic "collapse" if Washington imposes the promised sanctions, including blocking access to US-based accounts, in which Baghdad holds oil revenues that supply 90 percent of the national budget, according to BGNES.
BNP Paribas fined $8.9 billion for breaking US sanctions on Iran, Sudan
BNP Paribas pleaded guilty Monday to US criminal charges of violating sanctions on Iran and Sudan for eight years and was fined a record $8.9 billion.