British Banks Will Have to Cut Ties to Sanctioned Oligarchs, U.S. Says

British Banks Will Have to Cut Ties to Sanctioned Oligarchs, U.S. Says Photo London has for decades served as a haven for Russia’s wealthiest families. Russian investors own swaths of high-end real estate there. Credit Andrew Testa for The New York Times LONDON — The United States on Tuesday ratcheted up its efforts to block Kremlin-linked industrialists from doing business in the West, warning that British banks will have to sever their relationships with the tycoons if they want continued access to American financial institutions.
Sigal P. Mandelker, a top American Treasury official in London to meet with her counterparts, said British banks could face “consequences” if they continued to carry out significant transactions on behalf of the 24 influential Russians sanctioned by Washington on Friday. The list includes the industrialists Oleg Deripaska and Viktor Vekselberg, along with Kirill Shamalov, who American officials have identified as President Vladimir V. Putin’s son-in-law.
“T..

Memo From Sarajevo: In a New Cold War With Russia, Balkans Become a Testing Ground

In a New Cold War With Russia, Balkans Become a Testing Ground
SARAJEVO, Bosnia and Herzegovina — Cradle of the First World War, the Balkans have been a flashpoint, a place where empires, ethnicities and religions abut and contest. Now, analysts warn, the region is becoming a battleground in what feels like a new Cold War.
Russia, they say, is expanding its influence and magnifying ethnic tensions in countries that hope to join the European Union. Its involvement has already spurred Brussels to revive dormant aims for enlargement. It is also prompting fresh attention from Washington about security risks to NATO members.
After the concerted Western response to the poisoning in Britain of a former Russian spy and his daughter, which expelled around 150 Russian diplomats and intelligence officers, “the Balkans become even more important,” said Mark Galeotti, a senior researcher at the Institute of International Relations in Prague.
“Russia is looking for ways to retaliate that are asymme..

As President, ‘Lula’ of Brazil Opened the Prison. Now He’s an Inmate.

As President, ‘Lula’ of Brazil Opened the Prison. Now He’s an Inmate. Photo Riot police blocked the entrance to the Federal Police headquarters in Curitiba, Brazil, on Sunday, as supporters of the former president Luiz Inacio Lula da Silva protested his imprisonment. Credit Rodolfo Buhrer/Reuters CURITIBA, Brazil — On his first morning as a prisoner, Luiz Inácio Lula da Silva had a breakfast of bread, butter and coffee.
Later on Sunday, he watched a final soccer championship match between Corinthians, which he roots for, and its archrival, Palmeiras. His team won on penalties.
Mr. da Silva, 72, is no ordinary prisoner: Outside the building where he is confined is a plaque with his name on it, commemorating the opening of the building in 2007, during his presidency of Brazil.
The country, the largest and most populous nation in Latin America, has begun to absorb the reality of the downfall of Mr. da Silva, who surrendered to the police on Saturday night, two days after the country’s top..