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 non-sanctioned bank would further diminish Russia’s military effort and “will make it harder for the Kremlin to evade U.S. sanctions and fund and equip its military.” In addition, more than 50 internationally connected Russian banks, 40 Russian securities registrars, and 15 Russian finance officials were hit with sanctions. White House National Security Adviser Jake Sullivan said the U.S. “remains committed to putting Ukraine in the strongest possible position, and we will continue to take all available steps to do so from surging security assistance to imposing and fully enforcing sanctions and other restrictions on Russia’s war machine.” Among other things, the sanctions deny the people and firms access to any property or financial assets held in the U.S. and prevent U.S. companies and citizens from doing business with them. Earlier rounds of sanctions spared Russian gas because Europe’s economy was so dependent on it but Europe is now far less reliant on Russian gas, which is down to about 18% of imports.

Europe Ukraine Russia Sanctions Bank Gas Russian Russian Gas Gazprombank  biggest  russia  remaining  europe  gas  hit  supplies  nearly  imports  russian  russias  ukraine  sanctions  war  bank  unsanctioned

History of this topic

UK announces fresh sanctions on Russian energy
5 days, 13 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 …

Zelenskyy urges action to stop Putin’s 'shadow fleet', cut Russia's war funding
6 days, 10 hours ago

Zelenskyy urges action to stop Putin’s 'shadow fleet', cut Russia's war funding

Firstpost  

The European Union on Monday adopted sanctions targeting 52 more vessels from Moscow’s shadow fleet that try to circumvent Western restrictions to move oil, arms and grains. Ukrainian President Volodymyr Zelenskyy appealed to allies on Tuesday to ensure the so-called shadow fleet of vessels used by Russia to circumvent sanctions no longer operated in the European waters. — Volodymyr Zelenskyy …

EU slaps sanctions on dozens more Russian officials and targets its shadow oil and gas fleet
1 week ago

EU slaps sanctions on dozens more Russian officials and targets its shadow oil and gas fleet

Associated Press  

BRUSSELS — The European Union on Monday imposed fresh sanctions on dozens of officials linked to Russia’s war on Ukraine, including two top North Korean defense officials, a military unit blamed for an attack on a Kyiv children’s hospital and the heads of companies in the energy sector. Russia’s vast shadow fleet of ships that Moscow is exploiting to skirt …

Serbia’s main gas supplier that is controlled by Russia faces US sanctions, president says
1 week, 2 days ago

Serbia’s main gas supplier that is controlled by Russia faces US sanctions, president says

Live Mint  

BELGRADE, Serbia — The United States plans to introduce sanctions against Serbia’s main gas supplier that is controlled by Russia, Serbia’s president said Saturday. Although formally seeking European Union membership, Serbia has refused to join Western sanctions against Russia over its invasion in Ukraine, in part because of the crucial Russian gas deliveries. Vucic said that despite the embargo threat, …

Serbia’s main gas supplier that is controlled by Russia faces US sanctions, president says
1 week, 2 days ago

Serbia’s main gas supplier that is controlled by Russia faces US sanctions, president says

Associated Press  

BELGRADE, Serbia — The United States plans to introduce sanctions against Serbia’s main gas supplier that is controlled by Russia, Serbia’s president said Saturday. Although formally seeking European Union membership, Serbia has refused to join Western sanctions against Russia over its invasion in Ukraine, in part because of the crucial Russian gas deliveries. Vucic said that despite the embargo threat, …

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 …

EU targets Russia’s ghost fleet shipping oil in a new round of sanctions
Trending News
1 week, 5 days ago

EU targets Russia’s ghost fleet shipping oil in a new round of sanctions

Associated Press  

BRUSSELS — European Union envoys have agreed a new raft of sanctions against Russia over its war on Ukraine, targeting in particular a vast shadow fleet of ships that Moscow is exploiting to skirt restrictions on transporting oil and fuel, the EU’s Hungarian presidency said on Wednesday. The sanctions are aimed at about 50 of what are routinely decrepit ships …

Russia loosens rules for fossil fuel payments by foreign countries to bypass US sanctions
2 weeks, 3 days ago

Russia loosens rules for fossil fuel payments by foreign countries to bypass US sanctions

Firstpost  

The loosening of payment rules comes as Russia grapples with economic challenges stemming from the sanctions Russian President Vladimir Putin has eased the process of making payments for fossil fuels for foreign countries. The move to ease payments, announced Thursday in an order by President Vladimir Putin, seeks to mitigate the financial impact of new US sanctions designed to curb …

The 'Most Vulnerable Country' To Russian ‘Blackmail’ Braces For Trump’s Return
3 weeks, 2 days ago

The 'Most Vulnerable Country' To Russian ‘Blackmail’ Braces For Trump’s Return

Huff Post  

LOADING ERROR LOADING Europe is bracing for another energy crisis this winter, teeing up a high-stakes early test of how a newly inaugurated Trump administration will attempt to balance efforts to reset relations with Russia against the needs of U.S. allies seeking fuel to stay warm during what’s forecast to be an unusually cold season. Few places will feel the …

Britain targets Russia’s ‘shadow fleet’ with new sanctions package
4 weeks ago

Britain targets Russia’s ‘shadow fleet’ with new sanctions package

Associated Press  

LONDON — Britain sanctioned 30 ships in Russia’s so-called shadow fleet that have been skirting restrictions to transport billions of dollars of petroleum, the Foreign Office said Monday. It is the biggest sanctions package targeting the fleet of illegitimate and often decrepit ships that are operating illegally to avoid sanctions, the Foreign Office said. “Russia’s oil revenues are fueling the …

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, 3 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 {{ …

U.K. sanctions ten ships from Russia’s ‘shadow fleet’
3 months, 1 week ago

U.K. sanctions ten ships from Russia’s ‘shadow fleet’

The Hindu  

The U.K. government, on Wednesday, announced sanctions on a “shadow fleet” of ten Russian oil tankers that it has alleged were circumventing Western oil sanctions. The European Union and Group of Seven countries, including the U.K., are among those who have participated in U.S.-led sanctions on Russian oil, with petroleum being a critical source of funding for Russia’s war with …

Russian pipeline gas exports to Europe down 2% in August, calculations show
3 months, 2 weeks ago

Russian pipeline gas exports to Europe down 2% in August, calculations show

The Hindu  

Russian energy giant Gazprom's average daily natural gas supplies to Europe declined in August by 2% from July and 2.3% year on year, Reuters calculations showed on Monday. The calculations, based on data from the European gas transmission group Entsog and Gazprom's daily reports on gas transit via Ukraine, showed that average daily pipeline exports decreased to 89.6 million cubic …

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 …

French imports of Russia's liquified natural gas surge, and Ukraine supporters seek a stop
4 months, 2 weeks ago

French imports of Russia's liquified natural gas surge, and Ukraine supporters seek a stop

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 {{ …

Kremlin warns US after strike on Crimea kills 4
5 months, 3 weeks ago

Kremlin warns US after strike on Crimea kills 4

China Daily  

The Kremlin has blamed the United States for an attack on Crimea with a US-supplied missile loaded with a cluster warhead that killed at least four people and injured 151, warning that retaliation would follow. Russia's special military operation in Ukraine has deepened a crisis in relations between Russia and the West, and Russian officials said the conflict is entering …

EU targets Russia’s ‘ghost fleet’, expresses concern over its ‘hybrid attacks’
5 months, 4 weeks ago

EU targets Russia’s ‘ghost fleet’, expresses concern over its ‘hybrid attacks’

The Hindu  

The European Union on June 24 slapped new sanctions on Russia over its war on Ukraine, targeting Moscow’s shadow fleet of tankers moving liquefied natural gas through Europe. At a meeting in Luxembourg, where the sanctions were endorsed, EU Foreign Ministers also expressed concern about a rise in hybrid attacks by Russia — including allegations of election interference, cyber-attacks and …

EU targets LNG sector in new sanctions against Russia
6 months ago

EU targets LNG sector in new sanctions against Russia

Al Jazeera  

Latest package bars re-exports of Russian LNG via Europe, but experts say measure will have little effect. The bloc’s latest package, the 14th since Russia launched its full-scale invasion of Ukraine, would “strip Russia of further energy revenues”, said European Commission President Ursula von der Leyen on Thursday in a post on X. Gas market experts say the ban will …

David Cameron calls on Europe to turn off Russian gas to save Ukraine
6 months, 1 week ago

David Cameron calls on Europe to turn off Russian gas to save Ukraine

The Telegraph  

The bloc was responsible for importing up to half of Moscow’s LNG with Spain and France being the second and third largest buyers behind China. Lord Cameron also confirmed that Britain would hand Ukraine at least £3 billion in military support “next year and every year in the future for as long as it takes until Putin is defeated”. Rebuild …

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 …

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 500 new sanctions on Russia's ‘war machine’; indicts Russian businessmen
10 months ago

US to impose 500 new sanctions on Russia's ‘war machine’; indicts Russian businessmen

Hindustan Times  

The Treasury Department plans to impose more than 500 new sanctions on Russia and its war machine on Friday as the US vows to keep up its financial pressure on Moscow with the war entering its third gruelling year. The White House had promised major sanctions in response to the death last week of Russian President Vladimir Putin's most prominent …

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 …

Biden announces over 500 new sanctions for Russia's war in Ukraine and Navalny death
10 months ago

Biden announces over 500 new sanctions for Russia's war in Ukraine and Navalny death

NPR  

Biden announces over 500 new sanctions for Russia's war in Ukraine and Navalny death Enlarge this image toggle caption Sergey Guneev, Sputnik, Kremlin Pool Photo/AP Sergey Guneev, Sputnik, Kremlin Pool Photo/AP The United States is imposing sanctions on more than 500 targets connected to Russia's war machine and the death of Russian opposition leader Alexei Navalny, the government said Friday. …

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 …

The biggest ever sanctions have failed to halt Russia’s war machine
10 months ago

The biggest ever sanctions have failed to halt Russia’s war machine

Live Mint  

Two years after Russia’s invasion of Ukraine, Western sanctions have failed in their most important task—stopping the Kremlin’s war machine. Western officials and experts say the financial, economic, military and energy sanctions imposed on Russia since February 2022 have damaged Russia’s economy and arms-production capacity, and will create serious problems for the Kremlin in the coming years. Western officials on …

EU agrees on new sanctions against Russia days before the second anniversary of the war in Ukraine
10 months ago

EU agrees on new sanctions against Russia days before the second anniversary of the war in Ukraine

Associated Press  

BRUSSELS — European Union countries on Wednesday agreed on a new package of sanctions against Russia to target individuals and businesses suspected of assisting Moscow in its war against Ukraine, including Chinese companies. The decision coincides with the second anniversary of Russia’s full-scale invasion, which began on Feb. 24, 2022, and comes days after the death of Russian opposition leader …

US vows ‘major sanctions’ on Russia over Alexei Navalny's death
10 months ago

US vows ‘major sanctions’ on Russia over Alexei Navalny's death

Hindustan Times  

The White House says it is preparing additional “major sanctions” on Russia in response to opposition leader Alexei Navalny's death in an Arctic penal colony. National Security Adviser Jake Sullivan said the sanctions, on the eve of the two-year anniversary of Russia’s invasion of Ukraine, “will be a substantial package covering a range of different elements of the Russian defense …

Sanctions on Russian oil have failed. Were they ever meant to succeed?
1 year ago

Sanctions on Russian oil have failed. Were they ever meant to succeed?

Al Jazeera  

Last December, the European Union banned imports of Russian crude oil in a bid to starve the Russian war machine into submission over its invasion of Ukraine. Sanction-proof tankers Anticipating this, the EU, along with the G7, last year placed a $60-per-barrel price cap on Russian oil sold to third parties. “It’s basically a sanction-proof tanker.” Western protection-and-indemnity-insured tankers dropped …

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 …

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, 1 month 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 …

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 …

EU spending billions on Russian gas despite sanctions
1 year, 3 months ago

EU spending billions on Russian gas despite sanctions

The Telegraph  

The bloc has already banned seaborne Russian crude and oil imports and the flow of Russian gas via pipelines has been sharply curtailed. EU countries bought 22 million cubic meters of LNG between January and July, according to Global Witness analysis based on data from industry analytics company Kpler. “These countries should align their actions with their words by banning …

Serbia will increase supplies of Russian natural gas to Hungary if Ukraine pulls out of transit deal
1 year, 4 months ago

Serbia will increase supplies of Russian natural gas to Hungary if Ukraine pulls out of transit deal

Associated Press  

BUDAPEST, Hungary — Serbia will provide Hungary with increased shipments of Russian natural gas if Ukraine follows through on ending a gas transit agreement with Russia, Hungary’s foreign minister said Sunday. Speaking in a taped message, Peter Szijjarto said Serbia’s president, Aleksandar Vučić, had met with Hungarian Prime Minister Viktor Orbán in Budapest, and assured him that Serbia would be …

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 is evading international sanctions on weapons: Ukraine's Zelensky
1 year, 6 months ago

Russia is evading international sanctions on weapons: Ukraine's Zelensky

Hindustan Times  

Ukrainian President Volodymyr Zelensky on Sunday said that Russia was using a network of suppliers to evade international sanctions designed to prevent it from making missiles and other weapons. Read here: Ukraine ‘ready’, Zelensky on counteroffensive after rare NATO admission In a video address, Zelensky said unnamed countries and companies were helping Russia acquire technology with the emphasis on producing …

Zelensky is right – the sanctions aren’t working
1 year, 7 months ago

Zelensky is right – the sanctions aren’t working

The Independent  

If nothing else, Volodymyr Zelensky’s presence at the G7 summit sends a powerful message, not least to the Kremlin, that he retains the support of the West’s largest economies. Among other ringing endorsements of the Ukrainian effort to liberate itself from colonisation, the G7 members declared that they were renewing their commitment “to provide the financial, humanitarian, military and diplomatic …

Sanctions against Russia and what the G7 may do to fortify them
1 year, 7 months ago

Sanctions against Russia and what the G7 may do to fortify them

Associated Press  

HIROSHIMA, Japan — The Group of Seven advanced economies are expected to announce a new set of sanctions against Russia to try to further hinder its war effort in Ukraine during their summit in Hiroshima, Japan. On Friday, the United Kingdom announced new sanctions targeting Russian seizures of Ukrainian grain, advanced military technology and Moscow’s remaining revenue sources. On Friday, …

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 …

G7 weighs new sanctions on Russia to end Ukraine war
1 year, 7 months ago

G7 weighs new sanctions on Russia to end Ukraine war

Al Jazeera  

Existing sanctions are some of the toughest ever imposed on a major economy, but there is still room to increase pressure. “The most important areas include oil and energy more broadly, non-energy trade sanctions and closing loopholes in this area, and technology sanctions.” A key focus of the G7 members – the United States, Canada, Japan, the United Kingdom, France, …

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 …

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