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Kerry: US won’t block foreign business under nuclear deal

Kerry: US won't block foreign business under nuclear deal

NEW YORK (AP) — The Obama administration is trying to address Iranian complaints that U.S. financial regulations are denying Iran the sanctions relief it deserves under last year’s landmark nuclear deal. Meeting with Iran’s foreign minister on Friday, Secretary of State John Kerry said the United States would not stand in the way of foreign banks or firms doing business ...

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OPEC official: Oil production freeze deal likely to be reached

OPEC official: Oil production freeze deal likely to be reached

KUWAIT CITY (AP) — Kuwait’s OPEC governor is saying members of the oil cartel and other producing countries likely will reach a deal later this month for a production freeze as crude prices sit below $40 a barrel. The state-run Kuwait News Agency quoted Nawal al-Fuzai on Tuesday as saying that oil ministers of OPEC nations and several non-OPEC nations showed interest ...

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US: UN should provide detailed reports on Iran nuke program

US: UN should provide detailed reports on Iran nuke program

VIENNA (AP) — The United States on Wednesday urged the U.N. atomic agency to continue providing details on Iran’s compliance with a deal crimping its nuclear work amid Western concerns that the agency’s newest report is too light on specifics. Until now, such concerns have mostly been voiced privately. U.S. State Department spokesman John Kirby said Tuesday he is “confident ...

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Gazprom and Bank of China sign 2 billion euro, 5-year loan

Gazprom Russia energy

MOSCOW (AP) — The Bank of China will give Gazprom a 2 billion euro ($2.2 billion), five-year loan, the Russian state-run energy company’s largest loan agreement from a single credit institution. In a Thursday press release, Gazprom said this is the company’s first loan deal with the Bank of China. Driven by China’s growing energy needs, Beijing has been investing ...

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UN approves toughest sanctions on North Korea in 20 years

UN approves toughest sanctions on North Korea in 20 years

UNITED NATIONS (AP) — The U.N. Security Council unanimously approved the toughest sanctions on North Korea in two decades on Wednesday, reflecting growing anger at Pyongyang’s latest nuclear test and rocket launch in defiance of a ban on all nuclear-related activity. The United States and North Korea’s traditional ally China spent seven weeks negotiating the new sanctions, which include mandatory ...

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Iran to boost oil exports after sanctions are lifted

TEHRAN, Iran — Iran says it will export an additional 500,000 barrels of oil a day in a bid to reclaim its market share after sanctions are lifted under a landmark nuclear deal. Oil Minister Bijan Zanganeh told reporters Tuesday that the increase is part of Iran’s plan to double its crude oil exports as sanctions are lifted, which officials ...

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Europeans rush to seek Cuba deals in light of U.S.-Cuba thaw

HAVANA – European officials and businesses are visiting Cuba in unprecedented numbers, attracted by its market-oriented reforms and hastened to act by Havana’s improved relations with the United States. Seventy-five companies accompanied Spain’s Minister of Industry, Energy and Tourism Jose Manuel Soria during his visit this week, and 140 Italian firms also visited with Italy’s deputy minister for economic development, ...

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US, Russia at odds over energy in Cold War-style conflict

WASHINGTON — As the Obama administration escalates economic sanctions on Russia and weighs military support to Ukraine, it has revved up a less noticed but far broader campaign to wean Central and Eastern Europe off a deep reliance on Russian energy. It’s a Cold War reprise, but not for military supremacy, and the points on the map aren’t troop deployments, ...

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EDITORIAL: The sanctions (with help) are working

This is the price Russia is paying for Vladimir Putin’s imperial dreams: An economy in shambles. It has been a devastating one-two punch: Sanctions from the West aimed at punishing the Russian president and his cronies for Moscow’s aggression in Ukraine, coupled with the plummeting price of oil. The Russian economy has been simplistically described as a petroleum conglomerate subsidizing ...

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