WASHINGTON — The tenure of Kristalina Georgieva as managing director of the International Monetary Fund faces a pivotal moment on Friday, when the fund’s executive board will meet to decide whether she should continue to be its leader following allegations that she pressured staff to manipulate a report to placateContinue Reading

WASHINGTON — The Biden administration’s push to form an international buyer’s cartel to cap the price of Russian oil is facing resistance amid private sector concerns that it cannot be reliably enforced, posing a challenge for the U.S.-led effort to drain President Vladimir V. Putin’s war chest and stabilize globalContinue Reading

WASHINGTON — In June, months after reluctantly signing on to a global tax agreement brokered by the United States, Ireland’s finance minister met privately with Treasury Secretary Janet L. Yellen, seeking reassurances that the Biden administration would hold up its end of the deal. Ms. Yellen assured the minister, PaschalContinue Reading

KRUN, Germany — Four months into Russia’s invasion, unprecedented Western economic retaliation and military aid to Ukraine have not curbed Vladimir V. Putin’s ability or apparent determination to wage war, leaving leaders of the world’s wealthiest democracies grasping for new ways to deter him. Meeting on Monday in the BavarianContinue Reading

Russia’s invasion of Ukraine triggered global condemnation and tough sanctions aimed at denting Moscow’s war chest. Yet Russia’s revenues from fossil fuels, by far its biggest export, soared to records in the first 100 days of its war on Ukraine, driven by a windfall from oil sales amid surging prices,Continue Reading

“I think it’s very natural that given the enormous destruction in Ukraine and huge rebuilding costs that they will face, that we will look to Russia to help pay at least a portion of the price that will be involved,” she said. “It’s not something that is legally permissible inContinue Reading

WASHINGTON — The Biden administration will start blocking Russia from paying American bondholders, increasing the likelihood of the first default of Russia’s foreign debt in more than a century. An exemption to the sweeping sanctions that the United States imposed on Russia as punishment for its invasion of Ukraine hasContinue Reading

Poland’s stance was sharply criticized by European officials, particularly France, whose finance minister, Bruno Le Maire, suggested that Warsaw was instead holding up a final accord in retaliation for a Europe-wide political dispute. Poland has threatened to veto measures requiring unanimous E.U. votes because of an earlier decision by BrusselsContinue Reading

Data from MarineTraffic, for example, a platform that shows the live location of ships around the world using those on-ship tracking systems, indicates that traffic from Russia’s major ports declined after the invasion but did not plummet. The number of container ships, tankers and bulkers — the three main typesContinue Reading

Treasury Secretary Janet Yellen said on Wednesday that the United States would support a financing mechanism that aims to direct $500 million a year to move developing countries away from coal-based energy and toward wind, solar and other low- and zero-carbon energy sources. Speaking at the United Nations climate talksContinue Reading