Tag: Adeyemo, Adewale

U.S. Looks to Allay European Fears of a Subsidy War

The Biden administration is trying to ease European concerns about America’s new climate and tax law, which some allies view as a protectionist industrial policy that threatens their economies. More than a year after passage of the Inflation Reduction Act, European officials are still frustrated by the legislation, which included more than $300 billion in […]

Read More

U.S. Imposes First Sanctions for Violations of Russian Oil Price Cap

The United States imposed sanctions on two shipping companies on Thursday for violating the oil price cap that the Group of 7 nations enacted to starve Russia of energy export revenue, the first such penalties that have been leveled amid growing concerns that the policy has been diminished by evasion and loopholes. The sanctions were […]

Read More