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.
The latest drills will see Russian and Belarusian forces working on training "for the combat use of non-strategic nuclear weapons", the Russian Defense Ministry 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.
The court ruled that UniCredit could offer Russian sovereign bond holdings instead of assets to satisfy the seizure order.
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.
A study conducted by the Kyiv School of Economics found that more than 2,000 have remained as of the beginning of May. Around 1,200 other companies have only curtailed their businesses, while only 387 have fully exited.
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.
The European Union is considering imposing sanctions on Belarus as a way to close a trade loophole that has allowed Russia to import luxury cars and other banned goods produced in Western countries, the Financial Times reported on May 23.
Canada has once again sanctioned Russian individuals and companies aiding Russia's war against Ukraine. The sanctions target two individuals and six shipping firms.
Drones from Ukraine's military intelligence (HUR) attacked an oil base in the Rostov region of Russia overnight, a source in the agency told the Kyiv Independent on May 15.
About 22,000 Gilat SkyEdge internet communications systems, valued at $5 million, were imported to Russia in 2023. The systems were manufactured at a facility in Uzhhorod, Ukraine.
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.
The shadow fleet refers to aging and largely uninsured oil tankers that Russia uses to transport oil above the $60 per barrel price cap that the EU, the U.S., and the Group of Seven (G7) countries imposed in December 2022 as part of the effort to cut Moscow's fossil fuels revenue.
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.
The Vienna-based bank group, the largest remaining Western bank in Russia, has been under increasing pressure since the start of Russia's all-out war to scale down its activities in the country.
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.
The Russian president previously visited China last October to attend the Belt and Road Forum in Beijing.
Along with many other Western companies, Hugo Boss suspended its retail operations in Russia after the beginning of the full-scale invasion of Ukraine in February 2022.
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.
Radio Free Europe/Radio Liberty's investigation project Schemes revealed on April 17 that over 2,000 foreign-made electronic components are allegedly contained in Russian Sukhoi (Su-type) fighter jets, primarily originating from Japan and the United States.
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.
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