Embargoes and Sanctions

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      Fencing Feud Highlights Ukrainian-Russian Animosity at Olympics

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      The war has torn apart old alliances and heightened the acrimony. A Ukrainian fencer is competing after her refusal to shake hands with a Russian rival got her barred from the world championships.Olha Kharlan of Ukraine shouted in celebration under the vaulted glass dome of the Grand Palais on Monday, after an early round victory in her pursuit of a fifth career Olympic medal in saber fencing.She had reached the semifinals by late afternoon. But just her mere presence confirmed that this niche sport, perhaps more than any other, illustrates the acrimony and caustic feuding that have resulted from Russia’s invasion of Ukraine.Kharlan, 33, was disqualified from the world fencing championships last summer for refusing to shake hands with her Russian opponent. But Thomas Bach, the president of the International Olympic Committee and himself a 1976 Olympic fencing champion, gave Kharlan an exemption to participate in the Paris Games, citing her “unique situation.”There she was on Monday, competing in the Olympics, while Russia was absent from the biggest international event in fencing, a sport in which it has long been a power athletically and administratively.Ohla Kharlan, right, competing against Shihomi Fukushima of Japan in the Grand Palais on Monday.Andrew Medichini/Associated PressWith Russia banned from these Games because of its invasion, only 15 of its athletes are competing in Paris, all designated as neutral, without the accompaniment of the country’s flag or national anthem. There are none in fencing, a huge blow to the country’s Olympic prestige given that Russia and the former Soviet Union rank behind only Italy, France and Hungary in fencing’s overall medal count.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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      Wayne S. Smith, a Leading Critic of the Embargo on Cuba, Dies at 91

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      A former State Department official, he resigned in protest in 1982 over Cuba policy, then spent decades trying to rebuild relations with the island nation.Wayne S. Smith, a veteran Cuba expert at the State Department who, after resigning in protest over America’s embargo against the island nation in 1982, spent nearly four decades leading efforts to rebuild relations between Washington and Havana, died on June 28 at his home in New Orleans. He was 91.His daughter, Melinda Smith Ulloa, said the cause was complications of Alzheimer’s disease.For more than 24 years after he joined the Foreign Service in 1958, Mr. Smith was America’s man in Havana, whether he was physically in the Cuban capital or dealing with it from a desk in Washington.Later, after leaving the State Department, he used his extensive experience to carry out a sustained campaign against America’s strategy of isolating Cuba, while also leading private and congressional delegations to the island in an attempt to build avenues of dialogue.“He was one of the foremost spokespeople in favor of normalizing relations,” William LeoGrande, an expert on Cuba affairs at American University in Washington, said in an interview.A witty and nimble writer, Mr. Smith turned out scores of opinion pieces, journal essays and books, including a memoir-cum-history, “The Closest of Enemies: A Personal and Diplomatic Account of U.S.-Cuban Relations Since 1957,” published in 1987.“Cuba seems to have the same effect on U.S. administrations,” he liked to say, “as the full moon once had on werewolves.”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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      Segunda vuelta electoral en Irán: quiénes son los candidatos y qué proponen

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      El balotaje ocurre después de una votación especial celebrada tras la muerte del presidente Ebrahim Raisi ocurrida en un accidente de helicóptero en mayo.[Estamos en WhatsApp. Empieza a seguirnos ahora]El viernes se enfrentarán dos candidatos, un reformista y un ultraconservador, en la segunda vuelta de las elecciones presidenciales de Irán, tras una primera vuelta con la asistencia de votantes más baja en la historia del país y en medio de una atmósfera de apatía generalizada ante la posibilidad de que pueda lograrse un cambio significativo mediante el sufragio.La segunda vuelta electoral ocurre después de una votación especial celebrada tras la muerte del presidente Ebrahim Raisi ocurrida en un accidente de helicóptero en mayo.¿Qué sucedió en la primera vuelta de las elecciones de Irán?Alrededor del 40 por ciento de los votantes, un récord de baja participación, acudió a las urnas el pasado viernes, y ninguno de los cuatro candidatos incluidos en la boleta reunió el 50 por ciento de los votos que se necesitan para ganar las elecciones.El candidato reformista, Masoud Pezeshkian, exministro de Salud, y Saíd Yalilí, un exnegociador en temas nucleares y ultraconservador de línea dura, recibieron más votos que los demás, por lo que participarán en la segunda vuelta electoral que se celebrará el 5 de julio.Pezeshkian avanzó gracias a que el voto conservador se dividió entre dos candidatos y uno de ellos recibió menos del uno por ciento.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’s Runoff Election: What to Know

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      Two candidates from opposite camps will compete for the presidency after no one garnered the number of votes needed last week to win.Two candidates, a reformist and an ultraconservative, will face off in Iran’s runoff presidential election on Friday, amid record-low voter turnout and overarching apathy that meaningful change could happen through the ballot box.The runoff election follows a special vote held after President Ebrahim Raisi’s death in a helicopter crash in May.What happened in Iran’s first-round vote?About 40 percent of voters, a record low, went to the polls last Friday, and none of the four candidates on the ballot garnered the 50 percent of votes needed to win the election.The reformist candidate, Dr. Masoud Pezeshkian, a former health minister, and Saeed Jalili, an ultra-hard-liner and former nuclear negotiator, received the most votes, sending the election into a runoff round on Friday.Dr. Pezeshkian advanced because the conservative vote was split between two candidates, with one receiving fewer than 1 percent.The runoff may have a slightly larger turnout. Some Iranians said on social media that they feared Mr. Jalili’s hard-line policies and would vote for Dr. Pezeshkian. Polls show that about half of the votes for Mr. Jalili’s conservative rival in the first round, Mohammad Baqer Ghalibaf, have been redirected to Dr. Pezeshkian.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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      France Warned by E.U. About ‘Excessive’ Deficit

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      The rebuke for breaking European Union rules that require strict financial discipline comes two weeks before French voters head to the polls for parliamentary elections.Add an entry to the list of troubles facing President Emmanuel Macron of France less than two weeks before pivotal legislative elections: potential financial penalties by the European Union for failure to rein in the nation’s ballooning deficit and debt.The reprimand, announced Wednesday in Brussels, highlighted France’s fragile finances at a moment of political turmoil, as the far right National Rally party, led by Marine Le Pen, and a left-wing coalition, the New Popular Front, appear increasingly positioned to form a new government that could weaken Mr. Macron’s grip on power.Mr. Macron threw French politics into disarray earlier this month by calling for snap parliamentary elections after his party was battered by the far right in European Parliament elections.The fiscal warning by E.U. authorities set the stage for a possible confrontation between Brussels and Paris. Both the National Rally and the New Popular Front have pledged to spend more on public services at a time when Mr. Macron is being forced to find deep budgetary cuts of up to 25 billion euros ($26.9 billion) this year to improve the nation’s finances. The opposition parties, however, are critical of E.U. institutions, and want to ease rather than tighten fiscal policy.France is in debt to the tune of around €3 trillion, or more than 110 percent of gross domestic product, and a deficit of €154 billion, representing 5.5 percent of economic output. The budget crunch comes after Mr. Macron spent heavily to support workers and businesses during pandemic lockdowns. His government also provided subsidies to help households cope with a jump in inflation after Russia’s invasion of Ukraine, which sent energy prices soaring.President Emmanuel Macron has called for snap parliamentary elections, throwing French politics into disarray.Hannah Mckay/ReutersWe 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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      U.S. Expands Sanctions on Russia as G7 Leaders Gather

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      The Biden administration is taking new measures aimed at stopping China from helping the Kremlin sustain its war effort against Ukraine. U.S. officials hope European nations will take similar steps.The Biden administration announced a series of new financial sanctions Wednesday aimed at interrupting the fast-growing technological links between China and Russia that American officials believe are behind a broad effort to rebuild and modernize Russia’s military during its war with Ukraine.The actions were announced just as President Biden was leaving the country for a meeting in Italy of the Group of 7 industrialized economies, where a renewed effort to degrade the Russian economy will be at the top of his agenda.The effort has grown far more complicated in the past six or eight months after China, which previously had sat largely on the sidelines, has stepped up its shipments of microchips, optical systems for drones and components for advanced weaponry, U.S. officials said. But so far Beijing appears to have heeded Mr. Biden’s warning against shipping weapons to Russia, even as the United States and NATO continue to arm Ukraine.Announcing the new sanctions, Treasury Secretary Janet L. Yellen said in a statement that “Russia’s war economy is deeply isolated from the international financial system, leaving the Kremlin’s military desperate for access to the outside world.”At the heart of the new measures is an expansion of “secondary” sanctions that give the United States the power to blacklist any bank around the world that does business with Russian financial institutions already facing sanctions. This is intended to deter smaller banks, especially in places like China, from helping Russia finance its war effort.The Treasury Department also imposed restrictions on the stock exchange in Moscow in hopes of preventing foreign investors from propping up Russian defense companies. The sanctions hit several Chinese companies that are accused of helping Russia gain access to critical military equipment such as electronics, lasers and drone components.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 Finance Ministers Close Ranks as Tensions with Russia and China Fester

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      Western economic officials projected a united front, and braced for retaliation, as they prepped tougher sanctions and tariffs.Top finance officials from the world’s advanced economies moved toward an agreement on Saturday over how to use Russia’s frozen central bank assets to aid Ukraine and pledged to unite against China’s dumping of cheap exports into their markets, aiming to marshal their economic might to tackle twin crises.The embrace of more ambitious sanctions and protectionism came as finance ministers from the Group of 7 nations gathered for three days of meetings in Stresa, Italy. The proposals under consideration could deepen the divide between the alliance of wealthy Western economies and Russia, China and their allies, worsening a global fragmentation that has worried economists.Efforts by the Group of 7 to influence the two powerful adversaries have had limited success in recent years, but rich countries are making a renewed push to test the limits of their combined economic power.In a joint statement, or communiqué, that was set to be released on Saturday, policymakers said they would stay united on both fronts as geopolitical crises and trade tensions have emerged as the biggest threats to the global economy.“We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilized Russian sovereign assets to the benefit of Ukraine,” the statement, which was reviewed by The New York Times, said.Regarding China, the finance ministers expressed concern about its “comprehensive use of nonmarket policies and practices that undermines our workers, industries, and economic resilience.” They agreed to monitor the negative effects of China’s overcapacity and “consider taking steps to ensure a level playing field.”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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      Russia’s War Machine Revs Up as the West’s Plan to Cap Oil Revenues Sputters

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      Russia has largely evaded attempts by the U.S. and Europe to keep it from profiting from its energy exports.The United States and its allies in the Group of 7 nations set two goals in 2022 when they enacted a novel plan to cap the price of Russian oil: restrict Moscow’s ability to profit from its energy exports while allowing its oil to continue flowing on international markets to prevent a global price shock.A year and a half later, only the latter goal appears to have worked. Energy prices have been relatively stable across the world, including in the United States, which helped devise the plan. But Russia’s war effort in Ukraine is intensifying, making it increasingly clear that efforts by Western allies to squeeze Moscow’s oil revenues are faltering.A variety of factors have allowed Russia to continue profiting from strong oil revenue, including lenient enforcement of the price cap. Russia’s development of an extensive “shadow” fleet of tankers has allowed it to largely circumvent that policy. That has allowed the Russian economy to be more resilient than expected, raising questions about the effectiveness of the coordinated sanctions campaign employed by the G7.The Biden administration maintains that the strategy has been effective and that the price cap has imposed costs on Russia and forced it to redirect money that it would have used in Ukraine to finance an alternative oil ecosystem.Treasury Secretary Janet L. Yellen said in an interview on Sunday that the price of Russian oil was not the only measure of their profits, noting that Russia has had to invest significant resources in response to the cap.“We’ve made it very expensive for Russia to ship this oil to China and India in terms of acquiring a shadow fleet and providing insurance,” Ms. Yellen said on her flight to Europe, where she is holding meetings in Germany and attending a gathering of finance ministers in Italy. “We still think it’s working.”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