Russia’s rouble has suffered its biggest daily fall in three years and stocks in major companies slid by up to 50 percent as investors reacted to a new set of US sanctions aimed at hurting some of Russia’s most powerful tycoons.
German lawmakers have condemned Markus Frohnmaier amid reports that he was under the influence of the Kremlin. However, the scandal may not be enough to stop the nationalist party from making gains in state elections.
The EU, Canada and the US have announced new sanctions targeting individuals and companies. They come in response to Russia's actions in the Kerch Strait, the detention of Ukrainian sailors and the annexation of Crimea.
Economy Minister Peter Altmaier and President Vladimir Putin met at the new plant near Moscow where Mercedes-Benz cars are to be made. Chancellor Merkel's office stressed it was not a return to business as usual.
Donald Trump's Secretary of State, Mike Pompeo, called onVenezuela's acting President Nicolas Maduro to allow aid to enter the country. Pompeo urged Maduro to step down and sent a stern warning to Cuba and Russia.
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