US Senate Passes Magnitsky Act & Russian Trade Bill
The US Senate on Thursday passed the Magnitsky Act, which targets Russian officials deemed by Washington to have violated human rights, along with a landmark trade bill with Russia.
and introduce visa bans and asset freezes on Russian officials considered by the White House to be guilty of human rights violations.
The decision to link the rights legislation to the trade bill has angered Russia, which [...]
In yet another blow to US-Russian relations the US Senate committee has unanimously approved a bill imposing travel and economic sanctions against Russian officials over the 2009 death of the lawyer Sergey Magnitsky.
The Sergey Magnitsky Rule of Law Accountability Act comes despite congressional efforts to lift the Cold War-era Jackson-Vanik amendment restricting trade with Russia.
The bill, which was approved on Tuesday by the Foreign Relations Committee, would impose visa bans [...]
After carrying out two nuclear tests in 2006 and 2009, North Korea has completed preparations for a third such nuclear test, which could take place within two weeks, AFP reported Saturday, citing South Korean newspaper Chosun Ilbo.
Satellite images show an underground tunnel has been built at the site of North Korea’s two previous nuclear tests. “Heaps of earth and sand which had been piled up outside the new tunnel have disappeared…It [...]
“The US government should stop the irresponsible behavior of devaluing the dollar and pressuring for yuan appreciation,” said Mao Shunjie, deputy secretary-general of the China Chamber of International Commerce, at a press conference in Beijing Wednesday. “This could bring on a another economic crisis.”
Deputy Head of the Central Bank in Russia says they are moving towards a direct exchange between the Russian Ruble and the Chinese Yuan:
Goldman Sachs [...]
Policymakers from Brazil to South Korea and China on Thursday pledged to come up with fresh measures to curb capital inflows after the U.S. Federal Reserve said it would print billions of dollars to rescue the economy.
The frosty reaction from emerging economies makes any substantive deal on global imbalances and currencies at next week’s Group of 20 meeting that Seoul is hosting even less likely.