Section: Time (USA)
U.S. Escalating Economic Sanctions Against Russia
WASHINGTON (AP) — U.S. officials say the Obama administration is levying deeper sanctions on Russia as the West grapples for a way to quell an insurgency in eastern Ukraine widely believed to be backed by Moscow. The sanctions are expected to target key areas of the Russian economy, including the defense industry. But officials say the...
BRICS Nations Agree to Create Own Development Bank
(FORTALEZA, Brazil) — The leaders of five emerging market powers said at a summit Tuesday that they gave final agreement to creating their own development bank worth $100 billion that will have its headquarters in China. The first president of the New Development Bank will be from India and the position will rotate every five years among...
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