Although no concrete decisions have been made on the potential sanctions, sources familiar with the discussions told Bloomberg that a number of avenues are being explored, including sanctions on Russia's so-called 'shadow fleet.'
Chinese manufacturers began limiting their sales of vital drone components to their U.S. and European customers, preluding a broader ban on exports by officials, Bloomberg wrote, citing undisclosed sources on Dec. 9.
The latest round of sanctions imposes asset freezes on five individuals involved in the illicit gold trade, including the CEO of Paloma Precious, which has purchased more than $300 million of Russian gold.
Russian distributors allegedly integrated Texas Instruments' online store into their trading platforms, enabling customers in Russia to access semiconductor inventories and prices, and place orders.
The European Union has failed to approve its 15th sanctions package on Russia, which included an extension for Czechia to import Russian oil products through Slovakia, Reuters reported on Dec. 6, citing unnamed diplomatic sources.
Russia's largest airline Aeroflot plans to purchase five Boeing 737-800BCF freighters to disassemble for spare parts, Russian state media outlet Kommersant reported on Dec. 6. The planes are expected to be transferred to Aeroflot's low-cost subsidiary Pobeda, but converting them from cargo to passenger use under Western sanctions would be
According to Putin's new law, gas purchases are no longer tied to Gazprombank and can be settled by offsetting mutual debts. The U.S. sanctioned Gazprombank on Nov. 21.
Washington will send Kyiv hundreds of thousands of artillery rounds, thousands of rockets, and hundreds of armored vehicles before mid-January. The U.S. also offered to train soldiers at sites beyond Ukrainian territory.
The sanctions target oligarch and de facto leader of Georgian Dream Bidzina Ivanishvili and 18 other individuals.
Hungary has requested the United States to provide the country with a sanctions waiver to further continue payments for Russian natural gas imports through Gazprombank, Foreign Minister Peter Szijjarto said on Dec. 4.
President Volodymyr Zelensky said that the Georgian authorities "are pushing the country into clear dependence on Russia."
The latest Western sanctions against 50 Russian banks forced Russian importers to use complex and underhand schemes to pay their Chinese sellers, the Moscow Times reported on Dec. 2, citing undisclosed business sources.
Russia’s Foreign Ministry barred 30 U.K. nationals, including lawmakers, journalists, and ministers like Deputy Prime Minister Angela Rayner and Finance Minister Rachel Reeves, from entering its territory in a decision published on Nov. 26.
The EU's 15th sanctions package will include 30 legal entities from eight countries and 50 individuals, the Ukrainian president’s commissioner for sanctions, Vladyslav Vlasiuk, said on Nov. 26.
Since the West imposed unprecedented economic pressure on Russia following its full-scale invasion of Ukraine, the country’s trade practices have undergone a dramatic transformation, with Russian international trade increasingly occurring in the shadows. Access to the goods it needs now depends on constant scheming. Given that Russia operates under
The United Kingdom sanctioned 30 oil tankers of Russia's "shadow fleet" that carried billions of dollars worth of oil and oil products last year, the government said on Nov. 25.
Luxury perfume seller David Crisp is alleged to have hidden over $2.1 million in illegal sales to Russia. He admitted on camera to "ignoring government edicts."
Hungary criticized U.S. sanctions on Gazprombank, stating that they pose a threat to the energy security of Central European countries, Foreign Minister Peter Szijjarto said in a statement on Nov. 22.
The U.K. has sanctioned Ukrainian oligarch Dmytro Firtash, along with Angolan billionaire Isabel dos Santos, and Latvian politician Aivars Lembergs, according to the U.K. government’s website statement on Nov. 21.
The expanded sanctions focus on vessels and ports involved in transporting Iranian-made unmanned aerial vehicles (UAVs), missiles, and related technologies and components.
The implications of Donald Trump’s imminent return to the White House on Russia’s illegal war in Ukraine are being minutely dissected. Will he deliver on his boast that he can end the war within 24 hours? How will he do that — if he can? At what cost to
Leaders of the Group of Seven (G7) released a statement reaffirming their "unwavering support for Ukraine for as long as it takes" and commitment to "severe costs" for Russia on Nov. 16.
The European Union is preparing to implement additional sanctions against Iranian individuals and entities involved in propping up Russia's war machine, Radio Free Europe/Radio Liberty (RFE/RL) reported on Nov. 15, citing a top EU official.
EU member nations hope to approve the package by the end of the year, in time to adopt the sanctions on Feb. 24, 2025 — the third anniversary of Russia's full-scale invasion.
Germany's Economy Ministry instructed its state-operated import terminal "to reject LNG deliveries from Russia until further notice."
About thirty Russian airlines, accounting for 26% of domestic passenger traffic, may go bankrupt in 2025, Russia's Izvestia newspaper reported on Nov. 13.
The fields supplying the plant pumped an average of 0.4 million cubic meters of gas per day in the first ten days of November, Bloomberg reported, citing a person with knowledge of industry data.
Almost three years after Russia launched its full-scale invasion of Ukraine, the West’s financial sanctions have finally started to bite, triggering fierce infighting within the Kremlin over control of Russia’s central bank. Russia’s business community has remained largely silent over the past two years, even as Western
"We have to strengthen anti-sanctions circumvention measures because Russia cannot produce (weaponry) without imported parts, chips and other components," the EU's chief diplomat, Josep Borrell, said at a news conference in Kyiv. "We should use sanctions to isolate Russia's industrial capabilities from imports from other countries."
The U.K. government on Nov. 7 announced its largest package of sanctions against Russia since May 2023, focusing on the Russian defense industry and mercenary groups.
The United Kingdom has been unable to retrieve its weapons from floating armories offering weapons and accommodation for guards defending Russian oil tankers, Bloomberg reported on Nov. 5.
The European Union’s anti-fraud agency opened an investigation into the possible exporting of rebranded Russian oil via Turkey into the EU, Politico reported on Nov. 5, citing two undisclosed sources.
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