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.
The first issues with purchases for electronics started back in December 2023, mainly related to finished products, Kommersant said, citing representatives of the Russian business.
Google's legal problems with Russia preceded the full-scale war. The company was fined 7.2 billion rubles ($92.6 million) in December 2021 for failing to take down content that Russia has banned.
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.
Russian smugglers are using the cryptocurrency tether to circumvent Western sanctions and purchase weapons and drone parts, the Wall Street Journal (WSJ) reported on April 1.
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.
The U.S. and U.K. are investigating several cryptocurrency transactions valued at more than $20 billion that passed through a Russian-based virtual exchange, Bloomberg reported on March 28.
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 individuals involved reportedly knew that the turbines would ultimately end up in occupied Crimea, despite the original sales documents saying they would be installed in Russia proper.
The exit measures implemented by the Russian government, combined with writedowns, lost revenue, and other factors, account for the staggering figure, Reuters found.
After Russia invaded Ukraine in 2022, most major Western fast-food chains closed up shop, sold off assets, and exited the Russian market. This was particularly true of the highly visible food sector. Major Western food and drink chains, including McDonald’s, Domino’s Pizza, Starbucks, KFC, Pizza Hut, Hard Rock
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.
Ukraine's National Corruption Prevention Agency added major food corporations PepsiCo and Mars to the "international sponsors of war" list on Sept. 1.
The European Council announced in a statement on Feb. 25 that they had adopted the 10th package of sanctions against Russia and those who support its war against Ukraine. "Today's 10th package of sanctions targets those who are instrumental in the continuation of this brutal war. We are taking more
The stakes are becoming increasingly high for the companies that have refused to pull out of Russia following its brutal invasion of Ukraine. A quarter of the world’s 200 largest companies are at risk of having key assets seized by the Russian government, according to a new report from
Editor’s Note: This op-ed was published by Atlantic Council. It is republished here with permission. The Putin regime has long sought to convince Russians that international sanctions imposed over the invasion of Ukraine are actually beneficial for the country. Russia’s propaganda machine has also succeeded in persuading many
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