Canada introduced new sanctions on June 13 against 11 Russian individuals and 16 entities who have been purportedly engaged in activities that support Russia's invasion of Ukraine.
The sanctions were introduced in coordination with Group of Seven (G7) partners during Prime Minister Rishi Sunak's visit to the G7 Leaders Summit in Italy.
The U.S. State and Treasury departments issued what they called a "sweeping" set of sanctions against Russia and its financial backers on June 12, in the latest move to try and degrade Moscow's wartime economy. Western countries have imposed extensive economic restrictions against Moscow over its full-scale invasion of
A new tranche of U.S. sanctions against Russian financial institutions forcibly suspended the trade of dollars and euros on the country's main trading hub, the Moscow Exchange.
The U.S. will on June 12 announce a widening of sanctions against Russia aimed at cutting off the supply of semiconductors to Moscow's war industry, Bloomberg reported, citing people familiar with the move.
"We're going to continue to drive up costs for the Russian war machine," White House spokesman John Kirby said on June 11.
Russian anti-submarine ship Admiral Levchenko is burning in the Barents Sea after an engine malfunctioned and caught fire, Dmytro Pletenchuk, press chief for the Southern Defense Forces of Ukraine's Armed Forces, said on June 10.
In particular, the allies are considering steps against banks using SPFS, Russia's alternative to the SWIFT messaging system, to circumvent trade restrictions, the outlet said.
The European Union has established a new sanctions regime against Russia in connection with the death of Russian opposition leader Alexei Navalny and the "accelerating and systematic repression in Russia," the Council of the EU announced on May 27.
Canada has once again sanctioned Russian individuals and companies aiding Russia's war against Ukraine. The sanctions target two individuals and six shipping firms.
While the number of missiles Pyongyang has given to Moscow remains a tiny percentage of Russia's overall stockpiles, Ukraine and its allies are concerned about the growing ties between the two countries.
According to Bloomberg, the ban on Russian funding could impact far-right parties in Europe such as Germany's AfD and France's National Rally, both of which have previously been accused of links to Russia.
Kadri Simson also said the EU is preparing for a sudden end to the Russian gas supply when the transit contract between Ukraine and Moscow expires at the end of this year.
The EU executive body is proposing that the Voice of Europe media outlet be added to the upcoming 14th round of EU sanctions against Russia, the Vice-President of the European Commission, Vera Jourova, said on May 5, as reported by European Pravda.
A Russian court canceled the seizure of some of JPMorgan funds in Russia as part of a lawsuit with the Russian state-owned bank VTB, Reuters reported on May 2.
The U.S. imposed new sanctions on May 1 against nearly 300 companies and individuals in Russia and third countries, including Chinese companies, for aiding Moscow's war effort, the Treasury Department announced.
Being majority-owned by the Russian state, dividends can be used to fund the full-scale invasion of Ukraine.
Airbus has been granted a waiver by the Canadian government, allowing it to continue using Russian titanium after Ottawa became the first Western nation to ban the metal in its latest package of sanctions targeting the Kremlin, Reuters reported on April 23.
The Kyiv Independent’s business reporter Dominic Culverwell explains how confiscating the assets could be used to help Ukraine and why it hasn’t happened yet.
The announcement followed comments earlier in the week from finance ministry official Lev Denisov, who said that the initial 2.3% estimate would be revised upwards due to the "strong growth of the economy" at the beginning of 2024.
Nearly 40% of sales at Russia's largest aluminum producer, Rusal, are at risk due to sanctions imposed by the U.S. and U.K., Bloomberg reported on April 16.
U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is investigating several U.S. and foreign companies for supplying military-purpose chips which end up in Russia, Bloomberg reported on April 12, citing an unnamed U.S. official.
The European Council approved the law on the prosecution of violation or circumvention of EU sanctions, mainly concerning the sanctions against Russia, the parliament's press service reported on April 12.
Turkish machinery exporters, who benefited from the surge in sales to Russia last year, may see their revenues drop by $1 billion in 2024 due to "ambiguous" sanctions, Bloomberg said, citing Kutlu Karavelioglu, the chairperson of the Machinery Exporters' Association.
The EU has banned the Turkish airline Southwind from flying in its airspace due to links with Russia, Turkish newspaper Cumhuriyet reported on March 30.
Bilateral trade between Russia and Armenia has flourished since 2022, providing ground for the accusations of alleged sanctions circumvention, media outlet Euroactiv reported on March 28.
The new directive defines the circumvention of sanctions and ensures that it will be treated as an offense punishable by a prison sentence of up to five years in all member states.
The new sanctions will be imposed on six Russian officials, including senior officials and employees of Russia's prosecution, judicial, and correctional services.
Switzerland has expanded its sanctions against Russia in line with the European Union’s 13th package of sanctions, the Swiss government announced on March 1.
Canada has banned indirect imports of Russian diamonds weighing one carat and above, Canada's Foreign Ministry announced on March 1.
“Today, I am announcing more than 500 new sanctions against Russia for its ongoing war of conquest on Ukraine and for the death of Aleksei Navalny, who was a courageous anti-corruption activist and Putin’s fiercest opposition leader,” U.S. President Joe Biden said in a statement published by the White House.
The package targets an additional 106 individuals and 88 entities involved in Russia’s aggression against Ukraine. The list includes includes companies from India, Sri Lanka, China, Serbia, Kazakhstan, Thailand, and Turkey.
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