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 {{ /verifyErrors }} Waves of sanctions imposed by the Biden administration after Russia’s invasion of Ukraine haven’t inflicted the devastating blow to Moscow’s economy that some had expected. The report says that “while the count of sanctions is high, the tangible impact on Russia’s economy is less clear,” and “global cooperation is indispensable.” The question of what makes sanctions effective or not is important beyond the Russia-Ukraine war. The Biden administration acknowledges that sanctions alone cannot stop Russia’s invasion — it has also sent roughly $56 billion in military assistance to Ukraine since the 2022 invasion. A Treasury representative pointed to Treasury Secretary Janet Yellen's remarks in July during the Group of 20 finance ministers meetings, where she called actions against Russia “unprecedented.” “We continue cracking down on Russian sanctions evasion and have strengthened and expanded our ability to target foreign financial institutions and anyone else around the world supporting Russia’s war machine,” she said.

Ukraine Oil Sanctions Western Russian Moscow Invasion Cap Russia Effectiveness Economists  russias  effectiveness  economists  sanctions  ukraine  cap  russia  say  russian  adaptability  verifyerrors  invasion  oil  stymied  imposed

History of this topic

US transfers $20 billion to Ukraine funded by seized Russian assets
1 week, 6 days ago

US transfers $20 billion to Ukraine funded by seized Russian assets

India Today  

The United States announced Tuesday that it has disbursed a $20 billion loan for Ukraine backed by proceeds earned on frozen Russian assets, as part of a $50 billion G7 support package. "These funds -- paid for by the windfall proceeds earned from Russia's own immobilized assets -- will provide Ukraine a critical infusion of support as it defends its …

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 …

US ‘very close’ to finalizing $20B share of G7 loan to Ukraine, Yellen says
2 months ago

US ‘very close’ to finalizing $20B share of G7 loan to Ukraine, Yellen says

Politico  

The loan offers G7 nations a chance to lock in longer-term funding for Ukraine’s war effort and insulate the money from the outcome of the U.S. presidential election. The EU moved ahead to approve its participation in the loan without the U.S. as the Biden administration sought greater EU assurances that the Russian assets — the vast majority of which …

52 UK-linked companies probed for breaching Russia oil sanctions
2 months, 1 week ago

52 UK-linked companies probed for breaching Russia oil 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 The Treasury has investigated more …

Sanctions on Russia-related trade unwarranted, high- and heavy-handed: China Daily editorial
3 months, 4 weeks ago

Sanctions on Russia-related trade unwarranted, high- and heavy-handed: China Daily editorial

China Daily  

It is only natural that those countries whose targeted entities have been conducting normal business with Russia according to international law should vent their spleen at the US' long-arm jurisdiction, as it impedes normal international economic and trade exchanges, and harms the stability of the global industry and supply chains. The move bars the sanctioned entities that are mainly supplying …

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 …

US expands Russia sanctions, targeting entities in China, UAE and Turkey
6 months, 1 week ago

US expands Russia sanctions, targeting entities in China, UAE and Turkey

Al Jazeera  

Washington’s latest sanctions announcement comes as US President Joe Biden attends the G7 summit in Italy. The United States has rolled out new sanctions against more than 300 individuals and firms accused of aiding Russia’s war effort in Ukraine, including entities in China, South Africa, the United Arab Emirates and Turkey. In remarks carried by Russia’s state-run TASS news agency, …

US Treasury official visits Ukraine to discuss sanctions on Moscow and seizing Russian assets
6 months, 3 weeks ago

US Treasury official visits Ukraine to discuss sanctions on Moscow and seizing Russian assets

Associated Press  

WASHINGTON — A senior U.S. Treasury official has met with Ukrainian officials in Kyiv to discuss U.S. financial support, enforcing sanctions on Russia and using frozen Russian assets for Ukraine’s benefit in the war with Moscow. The visit this week by Deputy Secretary Wally Adeyemo came as Russia gains territory after a lengthy delay in U.S. military aid left Ukraine …

US sanctions hundreds of individuals, firms over Russia’s war in Ukraine
7 months, 3 weeks ago

US sanctions hundreds of individuals, firms over Russia’s war in Ukraine

Al Jazeera  

The United States has imposed new sanctions on hundreds of individuals and firms linked to Russia’s war in Ukraine, accusing Moscow of illegally using chemical weapons against Ukrainian forces. US officials on Wednesday announced measures targeting more than 280 entities in their latest effort to paralyse Russia’s military and industrial capabilities, including 20 firms based in China and Hong Kong. …

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 …

US deliberately turns deaf ear to China's call for it to stop prolonging the Ukraine conflict: China Daily editorial
9 months, 4 weeks ago

US deliberately turns deaf ear to China's call for it to stop prolonging the Ukraine conflict: China Daily editorial

China Daily  

A man looks at a crater formed by recent shelling in the course of Russia-Ukraine conflict near a restaurant building in Donetsk, Feb 25, 2024. In partnership with the United Kingdom and European Union, the Joe Biden administration announced more than 600 sanctions and penalties on Russia and its military industry on Friday — the largest round of sanctions since …

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 …

After EU, US slaps Russia with 500 new sanctions over Ukraine invasion and Navalny's death
10 months ago

After EU, US slaps Russia with 500 new sanctions over Ukraine invasion and Navalny's death

Hindustan Times  

US President Joe Biden on Friday announced sanctions on more than 500 targets in Russia on the second anniversary of the Ukraine invasion, vowing sustained pressure to stop President Vladimir Putin's "war machine." Biden said that the more than 500 sanctions, expected to be unveiled later in the day, will target "individuals connected to Navalny's imprisonment as well as Russia's …

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 …

Ukraine war second anniversary: US to impose tougher sanctions on over 500 targets in Russia on Friday
10 months ago

Ukraine war second anniversary: US to impose tougher sanctions on over 500 targets in Russia on Friday

Firstpost  

Deputy US Treasury Secretary Wally Adeyemo said the action, taken in partnership with other countries, will target Russia’s military industrial complex and companies in third countries that facilitate Moscow’s access to goods it wants Two years on and there is no end in sight for the Russia-Ukraine war. In action marking the second anniversary of Russia’s invasion of Ukraine, the …

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 …

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 …

US to impose more than 500 new sanctions on Russia as war with Ukraine enters third year
10 months ago

US to impose more than 500 new sanctions on Russia as war with Ukraine enters third year

New Indian Express  

Kostin, the longtime president of state-owned VTB Bank, is charged with engaging in a scheme to evade sanctions and launder money to support two superyachts. Michael Khoo, a co-director of the department's Task Force KleptoCapture, said on a call with reporters that the announcement was meant to send a message to Russian President Vladimir Putin that "we're not going away" …

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 …

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 …

Ukraine’s $30 billion problem: How to keep fighting without foreign aid
11 months ago

Ukraine’s $30 billion problem: How to keep fighting without foreign aid

Live Mint  

Ukraine will run out of money within months and be forced to take painful economic measures to keep the government running if aid from the U.S. or Europe doesn’t come through, according to economists and Ukrainian officials. Without economic stability, “fighting a country that is bigger than Ukraine and has much more manpower will be very tough," said Olena Bilan, …

U.S. failed to track more than $1 billion in military aid given to Ukraine, watchdog says
11 months, 1 week ago

U.S. failed to track more than $1 billion in military aid given to Ukraine, watchdog says

LA Times  

Shortfalls in required monitoring by American officials mean that the U.S. cannot track more than $1 billion in weapons and military equipment provided to Ukraine to fight Russia, according to a Pentagon audit released Thursday. The findings mean that 59% of $1.7 billion in defense gear that the U.S. has given Ukraine and was directed to guard against misuse or …

Opinion: Amid the Ukraine war, are sanctions against Russia working?
1 year ago

Opinion: Amid the Ukraine war, are sanctions against Russia working?

LA Times  

In February 2022, Russian troops mounted an invasion of Ukraine. Export controls limited the Russian military’s access to goods from sanctioning nations and attempted to reduce the shipment into Russia of certain goods such as semiconductors, which could be used in military equipment. The sanctions against Russia were merely some of the best tools available — perhaps second only to …

US Sanctions China, Turkey Firms to Curb Russia War Efforts
1 year ago

US Sanctions China, Turkey Firms to Curb Russia War Efforts

News 18  

The United States unveiled sanctions Tuesday on individuals and companies based in China, Turkey, the United Arab Emirates and others, aiming to disrupt Moscow’s military procurement networks amid its war in Ukraine. The latest actions take aim at people and entities accused of supplying Russia’s industry and furthering its ability to wage war against Ukraine, as fighting continues after Russia …

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 West has sanctioned Russia’s rich. But is that really punishing Putin and helping Ukraine?
1 year ago

The West has sanctioned Russia’s rich. But is that really punishing Putin and helping Ukraine?

Associated Press  

VERONA, Italy — Sitting on a terrace in Verona as the bells toll at a nearby medieval church, Igor Makarov sips coffee as he describes his life as a billionaire under Western sanctions. While sanctions have made life difficult for the tycoons, “it’s not in the short term benefiting Ukraine,” said Nigel Gould-Davies, a former British ambassador to Belarus and …

U.S. imposes new round of sanctions over Russia’s invasion of Ukraine
1 year ago

U.S. imposes new round of sanctions over Russia’s invasion of Ukraine

Associated Press  

WASHINGTON — The U.S. on Tuesday imposed sanctions on a Belgian involved in procuring electronics for the Russian military, his companies and a group of Belarusian firms and people tied to Russia’s invasion of Ukraine. Treasury’s Office of Foreign Assets Control targeted a network led by Belgium-based Hans De Geetere, which included nine entities and five people across Russia, Belgium, …

US imposes new sanctions over Russian oil price cap violations, Kremlin influence in the Balkans
1 year, 1 month ago

US imposes new sanctions over Russian oil price cap violations, Kremlin influence in the Balkans

Associated Press  

WASHINGTON — The U.S. Treasury on Thursday imposed a new round of sanctions on firms and ships that used American service providers to carry Russian crude oil in violation of the multinational price cap — and imposed another set of sanctions on a group of Balkan people and firms tied to Kremlin influence in the region. Treasury’s Office of Foreign …

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 …

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, …

Russia bans 500 Americans including Barack Obama in retaliation over US sanctions on Moscow
1 year, 7 months ago

Russia bans 500 Americans including Barack Obama in retaliation over US sanctions on Moscow

India TV News  

In fresh retaliation, Russia has issued a list of 500 Americans including Former President Barack Obama who have been banned from entering the country, CNN reported. Russia stated on Friday that it was banning '500 Americans,' including several senior members of the US executive branch, from entering the country "in response to anti-Russian sanctions imposed by the Joe Biden administration," …

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 tightens sanctions over Russia’s war on Ukraine
1 year, 7 months ago

G7 tightens sanctions over Russia’s war on Ukraine

Al Jazeera  

On first day of G7 summit in Japan, US and partners announce new penalties aimed at punishing Russia. A statement issued by G7 leaders said restrictions would cover exports of industrial machinery, tools and technology useful to Russia’s war effort, while efforts would be pursued to limit Russian revenues from trade in metals and diamonds. US actions Separately, United States …

Cyprus probes citizens named over Russian sanctions evasion
1 year, 8 months ago

Cyprus probes citizens named over Russian sanctions evasion

Associated Press  

NICOSIA, Cyprus — Cyprus’ government said Thursday it’s looking into how a number of Cypriot nationals were included in a new round of U.S. and U.K. sanctions targeting the financial networks of Russian oligarchs Alisher Usmanov and Roman Abramovich who are close allies of Russian President Vladimir Putin. Cypriot President Nikos Christodoulides called an emergency meeting of top officials to …

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 …

US sanction officials plan missions to clamp down on Russia
1 year, 8 months ago

US sanction officials plan missions to clamp down on Russia

Associated Press  

WASHINGTON — Top sanctions officials from the U.S. Treasury Department plan special international trips this month to pressure firms and countries still doing business with Russia to cut off financial ties because of the war on Ukraine. Treasury officials Liz Rosenberg and Brian Nelson — specialists in sanctions and terrorist financing — will travel to Europe this month to meet …

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 …

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