Russia sanctions over Ukraine largely spare energy sector, vital to Europe
2 years, 9 months ago

Russia sanctions over Ukraine largely spare energy sector, vital to Europe

Live Mint  

The West is rolling out increasingly tough sanctions on Russia but it is going out of its way to preserve the country’s biggest source of revenue: energy exports. In the latest example, the European Union said late Saturday that it had agreed with the U.S., the U.K. and Canada to eject some of Russia’s banks from the global financial system’s payments infrastructure, Swift. The U.S. imposed sanctions on Russia’s largest banks—Sberbank and VTB—but provided broad exemptions on payments for purchases of crude oil, natural gas, fuel and other petroleum products. Cutting off countries dependent on Russia’s grain exports would risk political instability in those nations, said Ms. Walker, whose group is composed of compliance officers at banks and companies around the world. If Europe cuts Russia completely off Swift, “there is a high risk that Germany will no longer be supplied with gas or raw materials," Germany’s Finance Minister Christian Lindner said the same day.

Energy Europe Ukraine Russia Oil Sanctions Gas Exemptions Singh Russian Swift Banks Ust  vital  russian  ukraine  spare  exemptions  russia  sector  banks  russias  sanctions  europe  transactions  energy  gas  largely  oil

History of this topic

UK announces fresh sanctions on Russian energy
6 days, 7 hours ago

UK announces fresh sanctions on Russian energy

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK has announced a fresh wave of sanctions on …

Russia signs $13bn-a-year oil deal with India in blow to Western sanctions
1 week, 4 days ago

Russia signs $13bn-a-year oil deal with India in blow to Western sanctions

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Russian state-owned oil firm Rosneft …

Russian rouble drops to lowest level against the dollar in 32 months
3 weeks, 6 days ago

Russian rouble drops to lowest level against the dollar in 32 months

Al Jazeera  

Currency falls beyond 110 to the US dollar for the first time since just after Ukraine invasion, Russian state media report. The currency fell beyond 110 to the US dollar on Wednesday for the first time since March 16, 2022, the Russian state news agency RIA Novosti reported. According to London Stock Exchange Group data, the rouble also broke through …

Russian ruble tumbles to two-year low as US sanctions hit key bank
1 month ago

Russian ruble tumbles to two-year low as US sanctions hit key bank

Firstpost  

The Russian ruble slumped to its lowest level against the US dollar since March 2022, a day after Moscow fired a hypersonic missile on Ukraine and Washington sanctioned a key Russian bank. The Russian rouble plunged to its lowest level in over two years against the dollar on Friday, following new US sanctions targeting a key bank facilitating Russia’s gas …

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war
1 month ago

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war

Associated Press  

WASHINGTON — Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday — in a move intended to curtail Russia’s ability to evade the thousands of sanctions imposed on the nation since the start of Russia’s invasion of Ukraine in February 2022. Treasury Secretary Janet Yellen said the sanctions targeting Russia’s largest remaining …

US sanctions 398 firms in more than a dozen countries, accusing them of helping Russia's war effort
1 month, 3 weeks ago

US sanctions 398 firms in more than a dozen countries, accusing them of helping Russia's war effort

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The U.S. on Wednesday imposed …

Russia's adaptability to US sanctions stymied their effectiveness, economists say
2 months, 4 weeks ago

Russia's adaptability to US sanctions stymied their effectiveness, economists say

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

US sanctions hundreds of firms accused of supplying Russia’s war machine
4 months ago

US sanctions hundreds of firms accused of supplying Russia’s war machine

Associated Press  

WASHINGTON — The U.S. imposed sweeping sanctions Friday on hundreds of firms in Russia and across Europe, Asia and the Middle East, accusing them of providing products and services that enable Russia’s war effort and aiding its ability to evade sanctions. Friday’s action is the latest in a series of thousands of U.S. sanctions that have been imposed on Russian …

New Russia sanctions target weapons development and countries assisting in sanctions evasion
7 months, 3 weeks ago

New Russia sanctions target weapons development and countries assisting in sanctions evasion

Live Mint  

WASHINGTON — The U.S. on Wednesday imposed new sanctions on hundreds of firms and people tied to Russia's weapons development program, more than a dozen Chinese firms accused of helping Russia find workarounds to sanctions and individuals tied to the death of Russian dissident Alexey Navalny. The sanctions imposed by the Treasury and State departments target Russia’s military-industrial base, chemical …

As Putin eyes sure reelection, Russia’s economy defies sanctions, critics
9 months, 1 week ago

As Putin eyes sure reelection, Russia’s economy defies sanctions, critics

Al Jazeera  

Russian president’s all but guaranteed fifth term in power comes as economy has outperformed expectations. But I doubt that drinking Dobry Cola instead of Coca-Cola will change the election.” Owing to high oil prices and elevated military spending, Russia has managed to mitigate much of the impact of sanctions. It’s true that oil and gas exports have fallen because of …

Putin can point to a resilient Russian economy as he orchestrates his reelection
9 months, 1 week ago

Putin can point to a resilient Russian economy as he orchestrates his reelection

Associated Press  

MOSCOW — Russians are finding a few imported staples, like fruit, coffee and olive oil, have shot way up in price. “We know this very well, but I believe we’ll overcome them.” Higher prices “bother me, of course — like any consumer, I see them going up,” said Fedotov, who works in education. Yes, we all see that some goods …

So many sanctions on Russia. How much impact do they really have?
10 months ago

So many sanctions on Russia. How much impact do they really have?

Associated Press  

WASHINGTON — So many sanctions. Many of the new sanctions target Russian firms that contribute to the Kremlin’s war effort — everything from drone and industrial chemical manufacturers to machine tool importers. The Group of Seven allies in December 2022 imposed a $60 per barrel price cap on Russian oil, hoping to limit Russia’s revenues from fossil fuels. Treasury Deputy …

U.S. Piles New Sanctions On Russia For Ukraine War's 2nd Anniversary, Navalny's Death
10 months ago

U.S. Piles New Sanctions On Russia For Ukraine War's 2nd Anniversary, Navalny's Death

Huff Post  

LOADING ERROR LOADING WASHINGTON — The United States and the European Union are piling new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The U.S. Treasury Department plans Friday to impose more than 500 …

US and EU pile new sanctions on Russia for the Ukraine war’s 2nd anniversary and Navalny’s death
10 months ago

US and EU pile new sanctions on Russia for the Ukraine war’s 2nd anniversary and Navalny’s death

Associated Press  

WASHINGTON — The United States and European Union on Friday heaped hundreds of new sanctions on Russia in connection with the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The U.S. government imposed roughly 600 new sanctions on Russia and its war …

US to impose sanctions on over 500 targets in Russia amid war with Ukraine
10 months ago

US to impose sanctions on over 500 targets in Russia amid war with Ukraine

Live Mint  

The United States is planning to impose sanctions on more than 500 targets involved in Russia's war in Ukraine. The package will be the latest of thousands of sanctions targeting Moscow announced by the United States and its allies following Russia's 2022 invasion of Ukraine, which has killed tens of thousands and reduced cities to rubble. The Us and other …

US sanctions 500 Russia-linked targets ahead of Ukraine war anniversary
10 months ago

US sanctions 500 Russia-linked targets ahead of Ukraine war anniversary

Al Jazeera  

US reiterates support for Ukraine with largest package of economic restrictions as Republicans block military aid. Washington has also imposed new export restrictions on nearly 100 entities for providing support to Russia and take action to further reduce Russia’s energy revenues, US President Joe Biden said on Friday. The new economic restrictions come after the White House said this week …

U.S., EU add sanctions on Russia for Ukraine war, Navalny’s death
10 months ago

U.S., EU add sanctions on Russia for Ukraine war, Navalny’s death

LA Times  

The United States and the European Union are piling new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The 27-nation bloc also said that it was targeting scores of Russian officials, including “members of …

US to impose sanctions on 500 targets in Russia to mark Ukraine war anniversary
10 months ago

US to impose sanctions on 500 targets in Russia to mark Ukraine war anniversary

India Today  

The United States will impose sanctions on over 500 targets on Friday in action marking the second anniversary of Russia's invasion of Ukraine, Deputy US Treasury Secretary Wally Adeyemo told Reuters in an interview on Thursday. The package will be the latest of thousands of sanctions targeting Moscow announced by the United States and its allies following Russia's 2022 invasion …

US announces hundreds of new sanctions in push to isolate Russia
1 year ago

US announces hundreds of new sanctions in push to isolate Russia

Al Jazeera  

New sanctions target entities and individuals around the world in bid to isolate Russia as its war on Ukraine continues. The United States has announced hundreds of new sanctions targeting entities and individuals across the globe, seeking to further isolate Russia as its war on Ukraine grinds on. “The Kremlin has steadily turned Russia into a wartime economy, but Putin’s …

New US sanctions over Russia-Ukraine war target Lancet drones
1 year, 1 month ago

New US sanctions over Russia-Ukraine war target Lancet drones

Al Jazeera  

Sweeping new measures target entities including in China, Turkey and UAE in bid to cut off Russia’s supply chain. The new measures target critical supply chains that have otherwise allowed Russia to circumvent international sanctions and export controls by exploiting “otherwise legitimate economic relationships” with China, Turkey, and the UAE. The new Treasury sanctions also target Russia’s domestic industrial base, …

The US sanctions more foreign firms in a bid to choke off Russia’s supplies for its war in Ukraine
1 year, 1 month ago

The US sanctions more foreign firms in a bid to choke off Russia’s supplies for its war in Ukraine

Associated Press  

WASHINGTON — The United States on Thursday imposed a new round of sanctions on 130 firms and people from Turkey, China and the United Arab Emirates in an effort to choke off Russia’s access to tools and equipment that support its invasion of Ukraine. The sanctions imposed by the Treasury Department’s Office of Foreign Assets Control target third-party firms and …

U.S. sanctions more foreign firms in bid to choke off Russia’s supplies in Ukraine
1 year, 1 month ago

U.S. sanctions more foreign firms in bid to choke off Russia’s supplies in Ukraine

LA Times  

The United States on Thursday imposed a new round of sanctions on 130 firms and people from Turkey, China and the United Arab Emirates in an effort to choke off Russia’s access to tools and equipment that support its invasion of Ukraine. The sanctions imposed by the Treasury Department’s Office of Foreign Assets Control target third-party firms and people alleged …

Kremlin says Russian economy ready to handle more sanctions
1 year, 2 months ago

Kremlin says Russian economy ready to handle more sanctions

Al Jazeera  

Russia’s economy has adapted well to Western sanctions and Moscow does not fear the prospect of more such measures, the Kremlin says. On February 25, 2022, a day after Russia undertook a full-scale invasion of Ukraine, the European Union introduced wide-ranging sanctions intended to send a clear signal to Moscow that there would be severe consequences for the war. “Russia …

New US sanctions target workarounds that let Russia get Western tech for war
1 year, 3 months ago

New US sanctions target workarounds that let Russia get Western tech for war

Associated Press  

The United States said Thursday that it was sanctioning more than 150 businesses and people from Russia to Turkey, the United Arab Emirates and Georgia to try to crack down on evasion and deny the Kremlin access to technology, money and financial channels that fuel President Vladimir Putin’s war in Ukraine. The U.S. is sanctioning a newly established UAE company, …

Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison
1 year, 3 months ago

Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison

Associated Press  

The Russian ruble’s wobble in value has exposed a crack in President Vladimir Putin’s fortress economy, a vulnerability quickly plastered over by the Kremlin’s economic team in a move that allowed the currency to regain its footing, at least for now. Longer term, however, Russia’s economy is facing a “slow burn” under pressure from sanctions and Putin’s war spending, said …

Russia’s technocrats keep funds flowing for Vladimir Putin’s war
1 year, 5 months ago

Russia’s technocrats keep funds flowing for Vladimir Putin’s war

Hindustan Times  

VADIM, A CAR-PARTS dealer from a provincial Russian town, never supported the war. Indeed, he broadly backed the West’s sanctions on Russia: how else could you stop the “monsters” intent on destroying his country, as well as Ukraine, if not by hitting their pockets? Gross domestic product contracted by just 2.2% last year, smashing many economists’ expectations, made in the …

US says price caps on Russia’s oil are cutting revenue nearly in half and weakening its economy
1 year, 6 months ago

US says price caps on Russia’s oil are cutting revenue nearly in half and weakening its economy

Associated Press  

WASHINGTON — A top Treasury Department official said Thursday that the cap on the price of Russia’s oil is severely curtailing its greatest source of revenue as it wages war in Ukraine. When the United States and other economic powers in the Group of Seven, along with the European Union and Australia, last year announced an ambitious plan to cap …

Sanctions on Russia may not be working, we now know why
1 year, 6 months ago

Sanctions on Russia may not be working, we now know why

Al Jazeera  

European businesses and third countries are actively circumventing sanctions, providing Russia with sanctioned goods and thus helping its war effort. On February 25, 2022, a day after Russia undertook a full-scale invasion of Ukraine, the European Union introduced unprecedented sanctions against the aggressor. Its analysis of customs data from 12 EU countries, Norway, the UK, the US and Japan shows …

Russia 'using refrigerator, washing machine parts in missiles' due to sanctions impact
1 year, 6 months ago

Russia 'using refrigerator, washing machine parts in missiles' due to sanctions impact

India Today  

Amid the adverse impact of sanctions imposed by Western countries on Russia in the past 15 months, the country is reportedly equipping its soldiers with weaponry containing components salvaged from household appliances. They're repurposing things like computers that used to go into washing machines and now are going into missiles," Dr Haar said, while speaking to Express.co.uk. Dr Haar's remarks …

Here come more sanctions: How effective are they are stopping Russia’s invasion of Ukraine?
1 year, 7 months ago

Here come more sanctions: How effective are they are stopping Russia’s invasion of Ukraine?

Associated Press  

WASHINGTON — The U.S. and other Group of Seven nations rolled out a new wave of global sanctions against Russia over its invasion of Ukraine as they met Friday during a summit in Japan. Treasury Secretary Janet Yellen said the newest sanctions will tighten the grip on Russian President Vladimir Putin’s “ability to wage his barbaric invasion and will advance …

Russia’s oil exports are back to pre-war levels
1 year, 8 months ago

Russia’s oil exports are back to pre-war levels

CNN  

London CNN — Russia’s oil exports have bounced back to levels last seen before it invaded Ukraine, despite a barrage of Western sanctions. Moscow’s exports of crude oil and oil products rose in March to their highest level since April 2020, jumping by 600,000 barrels a day, the International Energy Agency said in its monthly oil report Friday. The IEA …

US, UK aim sanctions at Russian oligarchs’ finance networks
1 year, 8 months ago

US, UK aim sanctions at Russian oligarchs’ finance networks

Associated Press  

WASHINGTON — The United States and Britain announced new sanctions Wednesday aimed at Russian oligarchs Alisher Usmanov and Roman Abramovich, targeting the financial networks of two of Moscow’s wealthiest businessmen who are close allies of Russian President Vladimir Putin. Blinken alleged that the two organizations “support Russia’s efforts to undermine the sovereignty and territorial integrity of Ukraine through the militarization …

Despite sanctions, EU keeps on doing business with Russia
1 year, 8 months ago

Despite sanctions, EU keeps on doing business with Russia

Al Jazeera  

Much trade still flows between the bloc’s 27 countries and Russia, partly because some in the EU are unwilling to take a harder economic hit. Trade flows In 2021, Russia was the EU’s fifth-largest trading partner with goods exchange worth 258 billion euros, according to the EU executive European Commission. In total, the EU imported 171 billion euros worth of …

Russia’s reliance on China rises amid Ukraine sanctions
1 year, 9 months ago

Russia’s reliance on China rises amid Ukraine sanctions

Associated Press  

BEIJING — Like a salesman buttering up his best customer, President Vladimir Putin gushed about China’s economic success as he welcomed Chinese leader Xi Jinping to the Kremlin. It says they aren’t allies and has avoided openly giving Russia military help in Ukraine, a step President Joe Biden and other Western leaders warn would trigger unspecified consequences for China. Beijing …

Russia’s economy holds up, but growing challenges test Putin
1 year, 9 months ago

Russia’s economy holds up, but growing challenges test Putin

Associated Press  

Western sanctions have hit Russian banks, wealthy individuals and technology imports. Economists say sanctions on Russian fossil fuels only now taking full effect — such as a price cap on oil — should eat into earnings that fund the military’s attacks on Ukraine. “We have had even worse periods of time in history, and we coped,” he said, but added …

Will Russia sanctions dethrone ‘King Dollar’?
1 year, 9 months ago

Will Russia sanctions dethrone ‘King Dollar’?

Al Jazeera  

A flood of nations is trying to cut dependance on the dollar, fearing ‘weaponisation’ by the US. Now, another war is setting the stage for many countries to explore a move away from the dollar for trade, raising questions over the currency’s future dominance. The financial world’s ‘nuclear option’ The US-led sanctions freezing Russia’s ability to use half of its …

Russia after a year of sanctions
1 year, 9 months ago

Russia after a year of sanctions

Al Jazeera  

The Russian economy has fallen into a recession, but economic and political instability are not yet on the horizon. After Russia’s full-scale invasion of Ukraine in February 2022, Western countries imposed numerous sanctions against Russian banks and companies, which significantly affected the Russian economy. The combined share of these raw materials in Russian exports in 2021 was 11.7 percent, so …

No economic ‘knockout’ yet from West’s sanctions on Russia
1 year, 10 months ago

No economic ‘knockout’ yet from West’s sanctions on Russia

Associated Press  

WASHINGTON — One month into the invasion of Ukraine, President Joe Biden stood in the courtyard of a grand Polish castle and laid out the punishing economic costs that the U.S. and its allies were inflicting on Vladimir Putin’s Russia, declaring that the ruble is almost immediately “reduced to rubble.” Russia is now the world’s most heavily sanctioned country, according …

EU weighs new powers to hit those helping Russia evade sanctions
1 year, 10 months ago

EU weighs new powers to hit those helping Russia evade sanctions

Firstpost  

The new powers may include issuing warnings to people or companies outside and in the EU that are helping Russia get around sanctions and giving the bloc the ability to act where this relates to products used against Ukraine in battle, according to a report New Delhi: A number of European Union member states are urging the block to strengthen …

US plans to impose new export controls and fresh round of sanctions on Russia – Firstpost
1 year, 10 months ago

US plans to impose new export controls and fresh round of sanctions on Russia – Firstpost

Firstpost  

The move aims to target Russia’s defence and energy sectors, financial institutions and the support the country received from other countries. In its latest attempts to target Russia economically, the US is planning to impose new export controls and a fresh round of sanctions, aiming to target Russia’s key industries. The EU package includes proposals to also impose restrictions on …

Iran, Russia move to link banks to evade Western sanctions
1 year, 10 months ago

Iran, Russia move to link banks to evade Western sanctions

Live Mint  

Iran and Russia have taken a key step toward linking their banking systems in a move that further boosts their cooperation in the face of Western sanctions, an Iranian official said. In response to Russia's invasion of Ukraine nearly a year ago, Western countries banned key Russian banks from the Belgium-based SWIFT financial messaging system, which daily moves billions of …

Putin says Russia will fight sanctions with shift in trade and energy flows
2 years ago

Putin says Russia will fight sanctions with shift in trade and energy flows

The Hindu  

President Vladimir Putin said on Thursday that Russia would expand trade cooperation with new partners, including by switching gas flows to eastern neighbours, in order to combat Western sanctions. Mr. Putin said in a televised speech that Russia would develop its economic relations with partners in Asia, Africa and Latin America to thwart Western efforts to isolate it economically. Mr. …

U.S. sanctions non-Russians linked to military suppliers
2 years, 1 month ago

U.S. sanctions non-Russians linked to military suppliers

LA Times  

The Department of the Treasury’s seal outside the Treasury Department building in Washington on May 4, 2021. The U.S. said Monday it was imposing sanctions on a list of people and firms around the globe that it alleged are involved in supporting Russia’s military as it wages war on Ukraine. He said the U.S. “will continue to crack down on …

World Bank: Ukraine’s war-torn economy will sink 35% in ’22
2 years, 2 months ago

World Bank: Ukraine’s war-torn economy will sink 35% in ’22

Associated Press  

WASHINGTON — Devastated by Russia’s invasion eight months ago, the Ukrainian economy will plunge 35% this year, the World Bank forecast Tuesday. The World Bank, a 189-country anti-poverty agency, estimates that rebuilding the country will cost at least $349 billion, 1.5 times the size of Ukraine’s prewar economy. “Ukraine continues to need enormous financial support as the war needlessly rages …

EU Proposes New Russia Sanctions Including Oil Price Cap Over Latest 'Escalation' in Ukraine
2 years, 2 months ago

EU Proposes New Russia Sanctions Including Oil Price Cap Over Latest 'Escalation' in Ukraine

News 18  

The EU’s executive on Wednesday proposed a new round of sanctions on Moscow over its latest “escalation” in Ukraine, including an oil price cap and ban on Russian exports worth seven billion euros. “Last week, Russia has escalated the invasion of Ukraine to a new level,” European Commission President Ursula von der Leyen said. As part of the new round …

Amid Western sanctions, China’s yuan has its moment in Russia
2 years, 3 months ago

Amid Western sanctions, China’s yuan has its moment in Russia

Al Jazeera  

The Chinese currency is popular like never before because of the ‘toxicity’ of the dollar and euro for Russians, say experts. Analysts said that Russia’s pivot to the yuan could provide a boost to China’s ambitions of promoting greater international usage of its currency, while also helping Moscow to bypass Western sanctions aimed at severing it from the global financial …

Putin threatens to stop European energy exports if price cap on gas is enforced
2 years, 3 months ago

Putin threatens to stop European energy exports if price cap on gas is enforced

Live Mint  

Russian President Vladimir Putin threatened to halt all energy shipments to Europe if Brussels goes ahead with a proposal to cap the price of Russian gas and suggested restricting a U.N.-brokered deal for Ukrainian grain exports via the Black Sea. Ukraine remained guarded about its counter-offensive in the east but its top general warned Russia could turn to nuclear weapons …

Putin: Russia may halt energy exports if West caps prices
2 years, 3 months ago

Putin: Russia may halt energy exports if West caps prices

Associated Press  

MOSCOW — Russian President Vladimir Putin on Wednesday threatened to completely cut energy supplies to the West if it tries to cap prices of Russian exports. Speaking at an annual economic forum in the far-eastern port city of Vladivostok, Putin scoffed at the EU plans for a cap on Russian oil and gas prices as a “stupid” idea that “will …

Opinion: Putin’s extortion must not succeed
2 years, 3 months ago

Opinion: Putin’s extortion must not succeed

CNN  

Editor’s Note: David A. Andelman, a contributor to CNN, twice winner of the Deadline Club Award, is a chevalier of the French Legion of Honor, author of “A Red Line in the Sand: Diplomacy, Strategy, and the History of Wars That Might Still Happen” and blogs at Andelman Unleashed. The front page of France’s Le Monde newspaper on Monday carried …

Did sanctions really hurt the Russian economy?
2 years, 3 months ago

Did sanctions really hurt the Russian economy?

Al Jazeera  

Moscow, Russia – Sanctions have noticeably complicated life for Alexander, a 23-year-old art museum worker from Moscow. “This could potentially open the door for something new and positive.” Over the past six months, sanctions have dramatically changed Russia’s economic relationship with the outside world. Anton Tabakh, chief economist at Moscow-based credit assessor Expert RA, told Al Jazeera that two factors …

Discover Related