Tag: sanctions

Russia Gains Billions From Hormuz Crisis

The merchant vessel Seaway Hawk sails from Bahrain in the Persian Gulf/Arabian Gulf while transporting decommissioned U.S. Navy Avenger-class Mine Countermeasures Ships, USS Devastator, USS Dextrous, USS Gladiator and USS Sentry on January 20, 2026 in the U.S. CENTCOM area of responsibility | Photo: U.S. Navy/Mass Communication Specialist 2nd Class Iain Page

Russia is earning billions as the Hormuz blockade pushes up global oil and gas prices, a German trade body says. Higher prices boost Moscow’s revenues while raising costs for Europe’s economy.

Merz Urges Ukraine to Address Expanding Graft Probe

German Chancellor Friedrich Merz addresses the participants at the German Retail Congress | Photo: Kay Nietfeld/dpa

German Chancellor Friedrich Merz has pressed Ukraine to pursue anti-corruption reforms after President Volodymyr Zelensky briefed him on a widening corruption scandal that has led to two ministerial resignations and sanctions against key business figures.