Finance

State lawmakers are stepping up against what some see as an attempted power grab by the Internal Revenue Service.

Binance CEO Changpeng Zhao stressed on "Cavuto: Coast to Coast" Friday his cryptocurrency exchange is following all sanctions rules amid the Russia-Ukraine war.

Lukoil gas stations in Newark have had their business licenses suspended

The Biden administration will sanction more Russian oligarchs and their families in response to Russia's war in Ukraine.

The United States will address potential gaps in tough sanctions imposed on Russia over its invasion of Ukraine, U.S. Treasury Secretary Janet Yellen said on Wednesday, adding the measures would "continue to bite."

The White House released a fresh round of sanctions on Russia Wednesday as well as its ally, Belarus, for supporting Putin's invasion of Ukraine.

The oligarchs remain a vulnerable point of Putin's power since their wealth exists in more clear-cut and traditional investments.

The United States, Canada, European allies, and other countries announced a rash of sanctions against Russia over its invasion of Ukraine, including cutting Russian banks from the SWIFT messaging service, banning Russian aircraft, limiting the business dealings of Russian oligarchs, and other measures that will economically isolate the country.

President Biden announced a ban on all Russian aircraft from American airspace during the State of the Union on Tuesday evening.

President Biden on Tuesday authorized further sanctions against Russia in response to Russian President Vladimir Putin’s invasion of Ukraine.

Russians queued up in long lines to withdraw cash from ATMs in recent days as crippling sanctions sent the ruble plummeting in response to Putin's invasion of Ukraine.

Russia's central bank has shut down the Moscow Exchange until March 5 as the ruble plummets amid surging sanctions over the country's invasion of Ukraine.

The Biden administration and its allies announced a fresh round of Russian sanctions on Saturday that will not only target the banking system, but the physical assets of sanctioned oligarchs — including their yachts and mansions.

Russia and China have maintained a close working relationship for years, but that relationship appears to be in question after Russia made the decision to invade Ukraine and take on serious economic sanctions.

The US, Canada, and other European countries released a joint statement that there will be additional sanctions placed on Russia. Some 'selected' banks will be removed from the SWIFT financial system.

European finance leaders weigh economic fallout of Russian invasion of Ukraine.

Two Chinese state-owned banks will restrict financing for Russian commodity purchases, suggesting limits to Beijing's support as the Kremlin confronts economic sanctions over its attack of Ukraine.

European Union officials are preparing a third round of sanctions against Russia over the attack on Ukraine, including freezing the European assets of Russian President Vladimir Putin and Foreign Minister Sergey Lavrov, according to media reports.

Russia plans to impose sanctions on Western nations as retaliation for the financial penalties and sanctions put on Russia. Moscow has prepared counteractions to hit the "weak" spots of the West.

U.S. financial institutions are largely prepared to handle a new round of Russia-related sanctions in the wake of the invasion of Ukraine, given the steady ratcheting up of pressure against Russia over the past eight years and recent warnings of such measures from the Biden administration, according to experts with knowledge of the U.S. banking sector.