"Money transfers through Russian banks, including Sberbank, Tinkoff, and MTS, have been suspended in both directions. This service is unavailable indefinitely," the bank's statement read.
SLB, the world's largest oilfield services company, signed new government contracts and posted over 1,000 job postings in Russia within the last year.
Kazakhstan will review its approach to enforcing sanctions against Russia, prioritizing its economic interests, Kazakhstan’s Deputy Prime Minister and Trade Minister Serik Zhumangarin said in an interview with Bloomberg on Aug. 16.
The United Arab Emirates introduced a ban on ships bearing the flag of the African nation of Eswatini, signaling further restrictions on "shadow fleet" vessels carrying Russian oil, Bloomberg reported on Aug. 8.
The Hungarian government’s arguments against Ukraine’s sanctions on Russian oil company Lukoil are falling apart. Hungary accused Ukraine of “blackmail” and endangering its energy security after Ukrainian sanctions blocked Lukoil, Russia’s second-largest oil company, from transiting crude oil through the Druzhba pipeline in June. Hungary and Slovakia
According to data seen by Reuters, five Western insurance companies have continued providing services to Russian oil tankers, despite concerns that most Russian oil is still being traded above the $60 per barrel price cap.
Russia on July 30 passed a law that will allow businesses to use cryptocurrencies in international trade, as the Kremlin seeks ways to circumvent Western sanctions, Reuters reported on July 30. The new law will go into force in September.
Ukraine's foreign minister said that these restrictive measures are necessary to "weaken Russia's potential to wage war and kill people in Ukraine."
These companies are owned by oligarchs with ties to the Russian defense industry, and they have funneled millions of chips and sensors to sanctioned defense tech firms in Russia.
The restrictions were imposed against Yuliya Pankratova and Denis Degtyarenko, the group's leader and a primary hacker, respectively.
The court said that the man, assisted by his common-law wife, had sent around 120,000 spare parts and other components for Orlan-10 reconnaissance drones to Russia between 2020 and 2023 in violation of an EU embargo on the export of such goods.
Ukraine's hardened sanctions against Lukoil, Russia's second-largest oil producer, has stopped the company's deliveries to Hungary, Hungarian Foreign Minister Peter Szijjarto claimed on July 16.
"So what we're doing with sanctions is we're forcing everyone away from us. So I don't love sanctions," Republican presidential nominee Donald Trump said.
An "unspecified number" of governments are expected to approve the plan on July 18, during a meeting of the European Political Community hosted by British Prime Minister Keir Starmer in the U.K., according to a draft statement.
Russia will start producing spare air parts for Boeing and Airbus aircraft due to sanctions restricting the import of these components from abroad, Russian news outlet Izvestia reported on July 10.
A Russian has been arrested in Japan on suspicion of evading sanctions for the first time, Japanese news outlet Nikkei reported on July 10.
Switzerland announced new sanctions against Russia on July 8, bringing the country further in line with the EU's 14th round of sanctions adopted in response to the Russian full-scale invasion of Ukraine.
Russia's wartime economy has earned a dozen oligarchs $11 billion in dividends as Russian natural resource and finance giants earn record profits during the full-scale invasion of Ukraine, Bloomberg reported on July 9.
The EU instituted a ban on the export of all new and used cars above a certain engine size (greater than 1.900 cm³) to Russia in the immediate aftermath of the full-scale invasion of Ukraine.
Russian oligarch and business tycoon Dmitry Pumpyansky has successfully appealed against sanctions imposed by the European Union, according to a decision by the EU General Court published on June 26.
Sources in the aviation business identified sanctioned real estate mogul Zarakh Iliev as the likely owner of the jet.
Finland's Gasum, a major gas supplier to the Nordic region, announced on June 25 that it will cease purchasing and importing Russian liquefied natural gas (LNG) in July in accordance with new European Union sanctions.
The EU Council adopted the 14th round of sanctions against Russia on June 24, aimed at tackling the circumvention of existing measures and to further restrict profits from Russia's energy industry.
The new package adds 116 individuals and entities to the sanctions list, and adds a number of additional measures, including the prohibition for any EU facilities to be involved in the transshipment of Russian liquified natural gas (LNG) to any third-party countries.
The Biden administration will soon announce a ban on Kaspersky antivirus software due to its alleged ties to the Russian government, Reuters reported on June 20.
Russian leader Vladimir Putin expressed gratitude to North Korea for backing his actions in Ukraine and affirmed that their nations would work closely to counter U.S.-led sanctions.
"On the Danish side, we have assembled a circle of countries that will look at the possibilities for further measures against the shadow fleet," Danish Foreign Minister Lars Loekke Rasmussen said in an interview.
Mbank, Kompanion Bank, RKS Bank, Kyrgyz-Swiss Bank (KSB), Kyrgyzcommerzbank, and Keremet Bank have imposed various restrictions on transfers using Russian payment systems.
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.
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