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Putin Faces Syria Money Crunch After U.S. Keeps Control of Oil

Russian President Vladimir Putin is facing an unwelcome new financial challenge in Syria after the U.S. pullback enabled his ally Bashar al-Assad to reclaim the biggest chunk of territory in the country still outside his control. The U.S. decision to keep forces in northeastern Syria to...

US envoys open Sudan bank accounts for first time in decades

Four US diplomats on Wednesday opened accounts at a Sudanese bank for the first time in decades, as Khartoum seeks to draw international businesses back to the country to help revive the ailing economy. In October 2017, the United States lifted its decades-old trade embargo on Sudan. But...

Shares of Turkey's Halkbank plunge after U.S. charges

Shares of Turkey’s Halkbank plunged as much 7% on Wednesday, despite a ban on short selling, after U.S. prosecutors charged the state-owned lender with taking part in a multibillion-dollar scheme to evade U.S. sanctions on Iran The announcement from U.S. prosecutors came a day after...