Oil prices soared to seven-year highs on Wednesday, as traders attempted to find alternative sources of oil in a market that was already tight.    Concerns over supply disruption grew as a result of the massive sanctions imposed by Western countries on Russian banks...

As a response to growing Western sanctions, Russia would temporarily prohibit foreign investors from selling Russian assets in order to guarantee that they make informed decisions rather than ones influenced by political pressure, the prime minister said on Tuesday.   A government order...

The Russian currency rouble has dropped by more than 30% as a result of crippling sanctions imposed by a number of Western countries in response to Russia's invasion of Ukraine, including restricting access to Russia's central bank's foreign assets and excluding major Russian banks from the...

The Japanese government intends to work closely with the U.S. and European countries. The interaction will be aimed at preventing possible negative effects on energy supplies to the country amid sanctions imposed against Russia, including disconnection of a number of Russian banks from SWIFT, said...

Oil prices soared on Monday as the United States and its allies placed further sanctions on Russia and barred several Russian banks from participating in a global payment system, potentially disrupting the country's oil supplies.   After hitting a high of $105.07 a barrel in early trade,...

On Monday, stocks fell all over the world, along with a rise in oil prices, while the rouble plummeted to record lows with the West stepping up sanctions against Russia in response to its invasion of Ukraine. The latest sanctions included banning banks from using...

A bill on the mandatory full filling of Germany's gas storage facilities will be ready soon, German Economy Minister Robert Habek said. "The government and I will do everything to protect Germany and the German people from the consequences. We will take similar measures for sectors of the economy...

Consumer spending in the United States climbed more than predicted in January, providing a big boost to the economy at the start of the first quarter, but price pressures remained high, with annual inflation climbing to levels not seen in over four decades.   Other statistics released on...

The United States and European nations voted on Saturday to impose the most harsh sanctions yet on Russia in response to Moscow's invasion of Ukraine. The latest sanctions target Russia's central bank reserves, with the goal of cutting Russian institutions off from a key global financial network....