EU should consider 'full trade embargo' on Russia, Estonian president says
The EU "should boost independence even further and end all Russian energy imports," Karis said on Feb. 9. "We should even seriously consider a full trade embargo on Russia."
Sanctions
Ukraine war latest: North Korean soldiers 'brought in again' to fight in Kursk Oblast, Zelensky says
Key developments on Feb. 7: * North Korean soldiers "brought in again" to fight in Kursk Oblast, Zelensky says * Ukraine downs Russian guided bomb near Zaporizhzhia, Air Force says * Kyiv denies reports of alleged failed Russian Oreshnik missile launch at Ukraine * Trump ready to step up Russia sanctions to end war
Trump's ICC sanctions won't hinder Russian war crimes investigation, Kyiv says
"I think that the U.S. decisions are not related to the Ukrainian context, and we hope that they will not affect the court's ability to achieve justice and justice for the victims of Russian aggression," said Heorhii Tykhyi, a Foreign Ministry spokesperson.
Europe must act on Russian LNG before Trump makes it impossible
Europe’s window to ban Russian liquefied natural gas (LNG) is closing faster than we think. As a second Trump administration takes shape, Europe's opportunity to impose new, meaningful measures on Russian fossil fuels is rapidly diminishing. U.S. President Donald Trump’s plan to end the war allegedly includes
Raiffeisen Bank reports first loss in 9 years after Russian court ruling, Bloomberg reports
The Austrian lender reported a net loss of 926 million euros ($955 million) in the fourth quarter of 2024, primarily due to provisions in its Russian subsidiary.
China is Russia's sole supplier of key military-use rare metals amid sanctions, RFE/RL reports
As Russia's options to purchase gallium and germanium from around the world almost disappeared, China became the sole supplier in 2023, the investigation said, citing leaked data from Russian customs databases.
What's behind Zelensky's recent round of sanctions on top pro-Russian politicians, propagandists, energy mogul?
In late January, President Volodymyr Zelensky slapped sanctions on 18 people, both Russians and Ukrainians. The list included 10 Ukrainian nationals, four Russians, and four people with both Ukrainian and Russian citizenship. Among them were Ukrainian politicians spreading Russian narratives for years, local media personalities said to be parroting Russian
Nearly 100 companies in Ukraine quietly change Russian ownership in 6 months, monitoring service reports
Within the last six months, 93 companies in Ukraine have removed signs of Russian ownership and continue to do business in the country, despite a moratorium on altering the registration of companies with Russian owners, the monitoring service Opendatabot reported.
Russia's 25% military budget hike demands stronger sanctions, more Ukraine aid, PM Shmyhal says
Prime Minister Denys Shmyhal said "peace through strength" must guide the response to Russian aggression.
Russian oil sales to China and India stall as sanctions increase costs, Reuters reports
The disruption has led to stalled trade in Russian crude loaded for March delivery as rising shipping costs created a significant price gap between buyers and sellers, according to Reuters.
Trump’s Russia sanctions might be what finally works
Just one week into his presidency, U.S. President Donald Trump has hinted at his approach to U.S. sanctions on Russia. On Truth Social last week, he called on Russian President Vladimir Putin to “settle now and STOP this ridiculous War! IT’S ONLY GOING TO GET WORSE,” adding,
EU agrees to ease sanctions on Syria following Assad's fall, chief diplomat says
"While we aim to move fast, the lifting of sanctions can be reversed if wrong steps are taken," EU chief diplomat Kaja Kallas posted on X, adding that the EU plans to scale up humanitarian aid and reconstruction efforts in Syria.
UK, US sanctions force Russia's oil tankers to reflag, Bloomberg reports
The removal of these flags disrupts Russia's oil export logistics, forcing tankers to re-register in less reputable jurisdictions and change ownership to avoid detection.
Kremlin sees 'no new elements' in Trump's statement on sanctions against Russia
"Trump, in the first iteration of his presidency, was the American president who most often resorted to sanctions methods," Kremlin spokesperson Dmitry Peskov said.
Depends what 'deal' means — Kremlin responds to Trump's sanctions threats
"It's not merely the question of ending the war ... So we have to see what does the 'deal' mean in President Trump's understanding," Russia's Deputy U.N. Ambassador Dmitry Polyanskiy said in response to Trump's call for Moscow to make a deal or face sanctions.
'We can do it the easy way or the hard way,' Trump says to Russia on ending the war in Ukraine
"If a deal is not reached, I will have no other choice but to put high levels of taxes, tariffs, and sanctions on anything being sold by Russia to the United States and other participating countries," President Donald Trump posted on his social media platform Truth Social.
Ukraine Business Roundup — Ukraine at Davos 2025
The following is the Jan. 21, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. The World Economic Forum’s annual meeting in Davos, Switzerland is this week, and for the sixth year
Top Putin aide's son investing in the West despite sanctions, media reports
Vladimir Kiriyenko, son of Russian President Vladimir Putin’s Deputy Chief of Staff Sergei Kiriyenko, has continued making investments in the West through offshore companies despite sanctions, The Moscow Times reported on Jan. 21.
Indian banks block Russian oil payments after new US sanctions
Following the new restrictions, financial institutions in India began blocking payments for Russian crude, Energy Intelligence reported. India is currently the leading importer of Russian oil.
Chinese imports of Russian coal reportedly dropping due to sanctions, price
China has been decreasing coal imports from Russia despite a steady growth in demand, turning instead to Australian and Mongolian supplies, The Moscow Times reported on Jan. 21, citing Chinese customs data.
Ukraine war latest: Ukraine hits 2 oil depots in Russia overnight; Zelensky sanctions top pro-Russian politicians
Key developments on Jan. 19: * Ukraine hits 2 oil depots in Russia overnight * Zelensky slaps sanctions on Ukraine's top pro-Russian politicians * Lack of medical treatment, problems with unit transfers most common causes of appeals, new military ombudsman says * Ukrainian troops withdraw from, launch attack on Chasiv Yar refractory plant * SBU
Zelensky slaps sanctions on Ukraine's top pro-Russian politicians
President Volodymyr Zelensky signed a decree imposing new sanctions on Ukraine's top pro-Russian politicians, he announced on Jan. 19.
US imposes sanctions against Russian oil tankers under construction for 1st time
The latest sanctions, imposed last week, targeted over 180 oil-carrying vessels of Russia's so-called shadow fleet, a group of aging tankers routinely used for sanction evasion.
Hungary's Orban urges EU to lift Russia sanctions, media reports
Viktor Orban also described the European Union as being in a "drunken stage" but predicted a "sobering up" in Brussels.
How Trump could use sanctions in negotiations with Russia
In the run-up to his departure from the White House, President Joe Biden has slapped a number of major new sanctions on Russia’s financial systems and energy sector. The U.S. originally threatened Russia with “the mother of all sanctions” as Moscow prepared to invade Ukraine in February 2022.
Trump advisers draft sanctions plan to pressure Moscow toward peace, Bloomberg reports
Advisers to U.S. President-elect Donald Trump are developing a comprehensive sanctions strategy aimed at facilitating a diplomatic resolution to the Russia-Ukraine war, Bloomberg reported on Jan. 16, citing anonymous sources familiar with the discussions.
US targets China-Russia sanctions evasion scheme with new measures
"Today's actions frustrate the Kremlin's ability to circumvent our sanctions and get access to the goods they need to build weapons for their war of choice in Ukraine," said Deputy Secretary of the U.S. Treasury Wally Adeyemo.
EU considering ban on Russian LNG, aluminum, Bloomberg reports
The phase-out of LNG could be enacted as a sanction or part of a road map presented by the European Commission next month. Restrictions on aluminum would be gradual, with a time frame yet to be determined, officials said.
65 oil tankers drop anchor after latest US sanctions against Russia, Reuters reports
Sixty-five oil tankers paused operations in various places around the world following the recent U.S.-U.K. sanctions against Russia’s oil industry and shadow fleet, Reuters reported on Jan. 13, citing maritime tracking data.
Zelensky announces new sanctions on Russian financial sector
President Volodymyr Zelensky signed a decree on Jan. 13 imposing new sanctions on the Russian financial sector. The sanctions target 140 distinct entities.
EU's Nordic, Baltic members reportedly urge lowering of Russian oil price cap
The countries argue that a lower cap would further restrict Russia's ability to finance its war against Ukraine while avoiding significant disruptions to global oil markets.
Russian 'shadow fleet' tankers carrying 2 million barrels of crude idling off China’s coast, Bloomberg reports
Three sanctioned tankers carrying over 2 million barrels of Russian crude oil are floating off China's coast after they were hit by fresh U.S. sanctions last week, Bloomberg reported on Jan. 13.
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