Blavatnik holds both U.S. and U.K. citizenship and has generously funded election campaigns for both Democrats and Republicans.
The government is now considering tightening control over hundreds of Russian-linked trusts after their managers resigned en masse under pressure from Washington.
The main question analysts are now asking is: who blinked first — Washington or Beijing?
The Chinese Ministry of Finance stated that the new tariff rates, an increase from the previous 84%, would come into effect on April 12.
The move is a direct response to President Donald Trump’s recent wave of tariffs and a clear signal that Beijing is ready for a prolonged confrontation.
Negotiations between Russia and the United States are set to resume on April 10 in Istanbul.
On Sunday, April 6, during the game between the New York Islanders and the Washington Capitals, the Russian forward scored his 895th goal.
The EU’s top sanctions official O’Sullivan confirmed that Washington has not approached the EU on the matter.
Despite mounting concerns over a looming global recession, the president made his stance clear: “there’s no turning back.”
In the early stages, the strategy worked — Trump showed interest. But his interest quickly turned into pressure.
The unexpected remark came just one day after Trump’s administration introduced sweeping new trade measures, including a 34% tariff on Chinese goods.
These steps could fracture alliances and destabilize global financial markets.
The market reaction was swift: following Trump’s announcement of new tariffs, oil prices plummeted sharply on Wednesday evening.
