Embargoes and Sanctions

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    Kremlin Message to Trump: There’s Money to Be Made in Russia

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    Russian officials are arguing that American companies stand to make billions of dollars by re-entering Russia. The White House is listening.The Russian government’s top investment manager, who has Harvard and McKinsey credentials and fluent English, brought a simple printout to Tuesday’s talks with the Trump administration in Saudi Arabia.Its message: By pulling out of Russia in outrage over the invasion of Ukraine, American companies had walked away from piles of cold, hard cash.“Losses of U.S. companies by industry,” read the document, which Kirill Dmitriev, the head of Russia’s sovereign wealth fund, showed to a New York Times reporter. “Total losses,” one of the columns said. The sum at the bottom: $324 billion.In appealing to President Trump, the Kremlin has zeroed in on his desire to make a profit. President Vladimir V. Putin said last month that the two leaders “have a lot to talk about” when it comes to energy and the economy. Sergey V. Lavrov, Russia’s foreign minister, said after Tuesday’s meeting that “there was great interest” in the room “in removing artificial barriers to the development of mutually beneficial economic cooperation” — an apparent reference to lifting American sanctions.Remarkably, the Trump administration appears to be engaging with Russia’s message without demanding payment up front. After Ukraine suggested the possibility of natural resource deals to Mr. Trump, his treasury secretary pushed to have the country sign away half its mineral wealth. And Mr. Trump continues to portray American allies as freeloaders, threatening more tariffs and demanding they pay more for their own defense.With Russia, by contrast, the administration seems to be signaling that the one thing Mr. Putin has to do to pave the way for a full reset in Moscow’s relationship with Washington is end the war in Ukraine. Many Europeans and Ukrainians fear Mr. Trump will seek a peace deal on Russia’s terms, especially after the American president suggested on Tuesday that Ukraine was to blame for the Russian invasion.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Is Russia Open for Business — and at What Cost?

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      Investors seem open to the prospect of peace talks, but Western companies face a dilemma just three years after many retreated from the country.The return of Western businesses would be an enormous lift to President Vladimir Putin of Russia. But would they dare risk it?Pool photo by Mikhail MetzelWe’re taking a look at President Trump’s plans to consolidate control over many of the agencies that oversee business, including the S.E.C., the Federal Trade Commission, the Federal Communications Commission and the National Labor Relations Board.For years, industry has complained about the alphabet soup of agencies, which often compete with one another. Some officials argue that is a feature, not a bug, while others have called for a complete rethinking of the regulatory apparatus in the country. What do you think?Meanwhile, President Trump is expected to speak on Wednesday at the Saudi-hosted FII Priority conference in Miami Beach, the event that’s increasingly a gathering of power players including Ken Griffin of Citadel, Dara Khosrowshahi of Uber and Masa Son of SoftBank. DealBook’s Lauren Hirsch will be reporting on the ground there and we’ll bring you the latest Thursday morning.“Incredible opportunities” Frozen out of potential Russia-Ukraine peace talks, European leaders are either feeling dazed or are fuming. But investors are feeling increasingly optimistic about the prospects of the nearly three-year war ending, especially as President Trump indicates he may meet with President Vladimir Putin of Russia this month.One big question is how corporate leaders feel about U.S. and Russian officials signaling that Russia may reopen to Western businesses. Concerns like the future of Western sanctions on Moscow remain unresolved, while companies may still feel burned by their hasty and costly exodus from the country.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Imposes Sanctions on the ICC, Accusing It of Targeting the U.S. and Israel

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      President Trump signed an executive order on Thursday placing sanctions on the International Criminal Court, saying that his administration would “impose tangible and significant consequences” on people who work on investigations that threaten the national security of the United States and its allies, including Israel.The court faced backlash from the U.S. and Israel in November over its decision to issue arrest warrants for Prime Minister Benjamin Netanyahu of Israel and his former defense minister, Yoav Gallant, accusing them of war crimes and crimes against humanity in the course of its conflict with Hamas in Gaza.Mr. Trump’s order said that the court’s actions against Israel and its preliminary investigations concerning the United States “set a dangerous precedent, directly endangering current and former United States personnel” by exposing them to harassment and the risk of international criminal prosecution.“The I.C.C. has, without a legitimate basis, asserted jurisdiction over and opened preliminary investigations concerning personnel of the United States and certain of its allies, including Israel, and has further abused its power” in issuing the warrants for Mr. Netanyahu and Mr. Gallant, the order said.The order said the sanctions could include the blocking of purchases of property and assets, and barring I.C.C. officials and their immediate family members from entering the United States.Neither the United States nor Israel recognizes the I.C.C.’s jurisdiction, but the court accepted Palestine as a member in 2015, giving it jurisdiction over international crimes that take place in Gaza.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      West Bank Settlement Supporters Have Big Hopes for Trump’s Presidency

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      As Donald J. Trump nominates staunch supporters of Israel to key positions, advocacy groups are taking aim at the departing administration’s policies.The Biden administration this week imposed sanctions on more groups and individuals it accuses of having ties to Israeli settlers inciting violence in the occupied West Bank, a last-ditch show of disapproval of Israelis’ annexation of land there before U.S. policy on the issue most likely swings the other way under the next administration.When President-elect Donald J. Trump returns to the White House next year, he could easily revoke the February executive order authorizing the sanctions or, even, some pro-settlement activists hope, use the order to go after Palestinian organizations instead.Texans for Israel, a Christian Zionist group, and several other settler supporters and organizations this month renewed a challenge to President Biden’s order in federal court, arguing that it was being applied unconstitutionally, targeting Jewish settlers and violating the rights of Americans exercising freedom of religion and speech in support of them.The case highlights the growing international controversy over West Bank settlement amid the war in the Gaza Strip and the great expectations of the settler movement and its supporters of another Trump presidency.Israel seized control of the West Bank from Jordan in a war in 1967, and Israeli civilians have since settled there with both the tacit and the explicit approval of the Israeli government, living under Israeli civil law while their Palestinian neighbors are subject to Israeli military law. Expanding Israel’s hold over the West Bank is a stated goal of many ministers in Prime Minister Benjamin Netanyahu’s far-right government.The international community largely views the Israeli settlements as illegal, and Palestinians have long argued that they are a creeping annexation that turns land needed for any independent Palestinian state into an unmanageable patchwork.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Iran Debates Whether It Could Make a Deal With Trump

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      Some in Iran’s new, more moderate government think the result of the presidential election provides an opportunity to make a lasting deal with the United States.President Donald J. Trump pulled out of the 2015 nuclear pact between Iran and world powers, imposed tough economic sanctions on Iran and ordered the killing of its top general. And Iran, federal prosecutors said on Friday, plotted to assassinate Mr. Trump before November’s election.Yet despite that charged history, many former officials, pundits and newspaper editorials in Iran have openly called for the government to engage with Mr. Trump in the week since his re-election. Shargh, the main reformist daily newspaper, said in a front-page editorial that Iran’s new, more moderate president, Masoud Pezeshkian, must “avoid past mistakes and assume a pragmatic and multidimensional policy.”And many in Mr. Pezeshkian’s government agree, according to five Iranian officials who asked that their names not be published because they were not authorized to discuss government policy. They say Mr. Trump loves to make deals where others have failed, and that his outsize dominance in the Republican Party could give any potential agreement more staying power. That might give an opening for some kind of lasting deal with the United States, they argue.“Do not lose this historic opportunity for change in Iran-U.S. relations,” wrote a prominent politician and former political adviser to Iran’s government, Hamid Aboutalebi, in an open letter to Iran’s president. He advised Mr. Pezeshkian to congratulate Mr. Trump on winning the election and set a new tone for a pragmatic and forward-looking policy.President Masoud Pezeshkian in Tehran in September. Some in Mr. Masoud’s government are calling on him to engage President-elect Donald J. Trump.Arash Khamooshi for The New York TimesStill, critical decisions in Iran are made by the supreme leader, Ayatollah Ali Khamenei, and he banned negotiations with Mr. Trump during his first term. In Iran’s factional politics, even if Mr. Pezeshkian wanted to negotiate with Mr. Trump, he would have to get Mr. Khamenei’s approval.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets

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      The economic lifeline is expected to be disbursed by the end of the year.The Group of 7 nations will announce on Wednesday that it has finalized plans to give Ukraine a $50 billion loan using Russia’s frozen central bank assets, according to a White House official.The loan represents an extraordinary maneuver by Western nations to essentially force Russia to pay for the damage it is inflicting on Ukraine through a war that shows no sign of ending.“Never before has a multilateral coalition frozen the assets of an aggressor country and then harnessed the value of those assets to fund the defense of the aggrieved party,” Daleep Singh, the White House’s deputy national security adviser for international economics, said on Wednesday.The announcement comes after months of debate and negotiation among policymakers in the United States and Europe over how they could use $300 billion of frozen Russian central bank assets to support Ukraine.The United States and the European Union enacted sanctions to freeze Russia’s central bank assets, most of which are held in Europe, after its invasion of Ukraine in early 2022. As the war dragged on, officials in the United States pushed for the funds to be seized and given directly to Ukraine to aid in its economic recovery.European officials had concerns about the lawfulness of such a move, however, and both sides eventually agreed over the summer that they would use the interest that the assets were earning to back a $50 billion loan.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Residents in Lebanon Flee as Israel Strikes Hezbollah-Affiliated Financial Institution

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      The Israeli military conducted a wave of airstrikes across Lebanon on Sunday, targeting branches of Al-Qard al-Hasan, a financial association associated with the militant group Hezbollah.The organization was placed under U.S. sanctions in 2007 and has been accused by American, Israeli, Saudi Arabian and other officials of operating as Hezbollah’s de facto banking arm. Inside Lebanon, where Hezbollah also functions as a political organization and provides a range of social services, Al-Qard al-Hasan is designated a non-governmental organization and is viewed as a Hezbollah-affiliated charity.It operates as a lender and financial services provider for civilians in many areas of Lebanon, where the traditional banking sector is in shambles. Many of its branches are situated on the ground floors of residential buildings, and it is deeply embedded in the Shiite Muslim communities it serves.On social media on Sunday night, Avichay Adraee, the Arabic spokesman for the Israeli military, warned residents of Lebanon to evacuate buildings near the infrastructure of Al-Qard al-Hasan around Beirut and across southern and eastern Lebanon, saying that the organization “is involved in financing the terrorist activities of the Hezbollah organization against Israel.”Soon after, the sounds of explosions could be heard ringing across Beirut, the Lebanese capital. A New York Times reporter saw dense plumes of black smoke rising in the near distance after the strikes.The strikes marked an apparent escalation of Israel’s war against Hezbollah, with a senior Israel intelligence official saying the targeting of the banking system — rather than weapons depots or command and intelligence centers — was intended to disrupt Hezbollah’s day-to-day operations, undermine its support in Lebanese communities and hamper its ability to rebuild.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      $50 Billion in Aid to Ukraine Stalls Over Legal Questions

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      U.S. and European officials are struggling to honor their pledge to use Russian assets to aid Ukraine.A long-awaited plan to help Ukraine rebuild using Russian money is in limbo as the United States and Europe struggle to agree on how to construct a $50 billion loan using Russia’s frozen central bank assets while complying with their own laws.The fraught negotiations reflect the challenges facing the Group of 7 nations as they attempt to push their sanctions powers to new limits in an attempt to punish Russia and aid Ukraine.American and European officials have been scrambling in recent weeks to try to get the loan in place by the end of the year. There is added urgency to finalize the package ahead of any potential shifts in the political landscape in the United States, where support for Ukraine could waver if former President Donald J. Trump wins the presidential election in November.But technical obstacles associated with standing up such a loan have complicated matters.Group of 7 officials grappled for months over how to use $300 billion in frozen Russian central bank assets to aid Ukraine. After European countries expressed reservations about the legality of outright seizing the assets, they agreed that it would be possible to back a $50 billion loan with the stream of interest that the assets earn.The solution was intended to provide Ukraine with a large infusion of funds without providing more direct aid from the budgets of the United States and European countries. It also allowed western allies to make use of Russia’s assets without taking the step of actually spending its money, which many top officials in Europe believed would be illegal.But differences in the legal systems in the United States and in Europe, which both plan to provide the money up front, have made it difficult to structure the loan.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      North Korean Missiles Rain Down on Ukraine Despite Sanctions

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      Russia has received new shipments of Hwasong-11 short-range ballistic missiles, according to a new report.North Korea has continued to supply advanced short-range ballistic missiles to Russia in defiance of sanctions meant to prevent Pyongyang from developing such weapons and Moscow from importing them, according to a report by a weapons research group.Remnants of four of the missiles, which are called Hwasong-11, were examined in Kyiv on Sept. 3 by investigators from Conflict Armament Research, an independent group based in Britain that identifies and tracks weapons and ammunition used in wars around the world.That team decoded production markings on several parts from each missile collected by Ukrainian authorities.A Hwasong-11 missile used in an Aug. 18 attack on Kyiv had markings showing that it was made this year. Internal parts from three others, which were used in attacks in July and August, lacked markings that would indicate when they were manufactured.The researchers released those findings in a report on Wednesday.In early January, the White House accused North Korea of providing ballistic missiles to Russia, but subsequent shipments had not been previously reported.The Hwasong-11 missile has a range of about 430 miles and can be fitted with nuclear or conventional warheads, according to a U.S. Army report. It is visually similar to the Russian Iskander short-range ballistic missile and may have been made with foreign assistance, according to the Center for Strategic and International Studies, a Washington think tank.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More