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Yellen says she discussed Russia sanctions in every stop on Africa tour

Yellen says she discussed Russia sanctions in every stop on Africa tour

ANDREA SHALAL U.S. Treasury Secretary Janet Yellen said she had discussed economic sanctions on Russia over its invasion of Ukraine at every stop on her Africa tour and she was hopeful an agreement on the next Russian oil price cap could be reached soon. Yellen is wrapping up a three-country visit to Africa that is aimed at deepening U.S. economic ties with the continent and countering China's long dominance of trade and lending with many African nations. In comments to reporters during a visit to the South African coal-mining province of Mpumalanga, Yellen said the United States was "in the middle of…
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West African leaders lift economic and financial sanctions on Mali

West African leaders lift economic and financial sanctions on Mali

COOPER INVEEN and CHRISTIAN AKORLIE LEADERS of the Economic Community of West African States (ECOWAS) on Sunday lifted economic and financial sanctions imposed on Mali after its military rulers proposed a 24-month transition to democracy and published a new electoral law. The bloc imposed stiff sanctions on Mali in January after the junta said it would not organise democratic elections the following month as initially planned. ECOWAS Commission President Jean Claude Kassi Brou told a news conference that the sanctions will be lifted immediately. Borders with Mali will reopen and regional diplomats will return to Bamako.  "However, the heads of…
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Ukraine war: How will economic sanctions hit ordinary Russians?

Ukraine war: How will economic sanctions hit ordinary Russians?

SONIA ELKS and EMMA BATHA FROM buying a washing machine to getting a filling at the dentist, ordinary Russians could face big price hikes for consumer goods and import shortages as economic sanctions bite, analysts say. The United States and Europe have unveiled a slew of reprisal measures designed to hit Russia's economy in response to the invasion of Ukraine. Here is how the sanctions are affecting Russia and how the situation might develop: What are the sanctions Russia is facing? Western nations have unleashed a package of economic measures targeting key sectors and individuals, restricting the country's access to technology and financing as…
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