Over two years into Russia’s full-scale invasion of Ukraine, and Europe is still addicted to Russian fossil fuels. In spite of 13 sanctions packages against Russia and endless words of solidarity for Ukraine, recent data has revealed that many European Union countries continue to import massive amounts of liquified
This is the first sentencing in Finland related to violations of sanctions against Russia.
The EU now readies restrictive measures against 35 individuals, including prison and government officials and judges, Bloomberg wrote. The IK-3 and IK-6 penal colonies where Navalny was imprisoned are also reportedly included in the list.
Chinese Foreign Minister Wang Yi praised the strengthening of relations between Beijing and Russia, and claimed that China is a "force for peace" and stability during a press conference on March 7.
"Russia has financial, human, material, and technical resources to continue the war at a similar intensity in at least the near term," the report drafted by the counter-intelligence State Security Department (VSD) and the military's Defense Intelligence and Security Service (AOTD) said, clarifying in that the "near term" denotes six months to two years.
The sanctions target the Wagner Group, the Russian Aerospace Forces, and other entities who engage in arms trade with North Korea and Iran.
Global Terminal Services (GTS), which operates the Dortyol terminal, said it would not accept products from Russia any longer.
Russia is increasing imports of sanctioned dual-use goods like drones or U.S.-made computer chips from China via Central Asian trade routes, the Wall Street Journal (WSJ) reported on March 4.
The new sanctions will be imposed on six Russian officials, including senior officials and employees of Russia's prosecution, judicial, and correctional services.
According to Lithuanian Customs, drivers of vehicles with Russian license plates must apply for Lithuanian registration, or leave the country "and the entire territory of the European Union" by March 11.
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.
WASHINGTON, D.C. – For about 1,500 years, high-value goods were moved from China (and perhaps other parts of Asia) to Europe and the Middle East via the Silk Road. The precise route varied over time, but it always ran through and involved local traders in parts of what we
The following is the Feb. 27, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. The timing of the “Made in Ukraine” event that gathered over 400 entrepreneurs, government officials, foreign guests, and
A new U.S. sanctions package against Russia may threaten Russian oil exports to India, a major source of funding for its invasion of Ukraine, Reuters reported on Feb. 28.
President Volodymyr Zelensky participated in a summit on Ukraine convened by French President Emmanuel Macron on Feb. 26 in Paris, joining other EU leaders remotely, he said in his evening address.
According to internal Treasury Department data, Deputy Treasury Secretary Wally Adeyemo told Reuters that the flow of Russian money to third-party countries long suspected of assisting Russia's sanctions circumvention has decreased since the order was signed.
Latvia's Agriculture Minister Armands Krauze called on the European Union to add Russian foodstuffs to sanctions lists on Feb. 26, ahead of an EU Agriculture Ministers meeting in Brussels.
South Korea plans to tighten export controls on Russia and Belarus for goods that could be used for military purposes, the South Korean Trade Ministry announced on Feb. 26.
As Western sanctions designed to cripple Russian energy exports barely slow them down, the Kremlin continues to make enough money to keep its war against Ukraine going indefinitely, just by selling oil to China and India. After pivoting away from Europe, Moscow found enthusiastic buyers in Beijing and New Delhi.
Canada's new sanctions will target those who provide Russia with military equipment, offer services such as insurance to Russian soldiers, and otherwise help support the finances and logistics of the Russian state
The U.S. will impose new sanctions against Iran over its military cooperation with Russia in the coming days and is "prepared to go further" if Iran sells Moscow ballistic missiles, U.S. National Security Council spokesperson John Kirby said on Feb. 22.
The enforcement actions coincide with the U.S. announcing new sanctions against Russia on the eve of the second anniversary of Russia's full-scale invasion of Ukraine.
The package targets more than 50 individuals and companies that help support Russia's war machine by providing military equipment and revenue for the Russian state.
The hearing, entitled "The U.S. Technology Fueling Russia's War in Ukraine: How and Why," is scheduled for Feb. 27, Senator Richard Blumenthal said.
EU countries agreed to remove Arkady Volozh, co-founder of Russia's most popular search engine Yandex, from the list of sanctions against entities and individuals associated with Russia's war against Ukraine, Reuters reported on Feb. 21, citing three unnamed sources familiar with the discussions.
The U.K.'s sanctions will specifically target six individuals "responsible for the custody" of Navalny, ban them from traveling to the U.K., and have their assets frozen.
A North Korean ballistic missile fired into Ukraine by the Russian military last month contained hundreds of components produced by companies in the U.S. and Europe, the Conflict Armament Research (CAR) organization announced in a recent report.
Switzerland's State Secretariat for Economic Affairs (SECO) said it had launched an investigative task force to enforce the sanctions and investigate 230 potential sanctions breaches.
The restrictions have been introduced by the Industrial and Commercial Bank of China (ICBC), the China Construction Bank (CCB), and the Bank of China, the Russian state news outlet Izvestiya said.
Russian President Vladimir Putin gave his North Korean counterpart Kim Jong Un a car to signify their "special personal relations," the state-controlled Korean Central News Agency (KCNA) reported on Feb. 20.
Mondelez was added Ukraine's list of "international sponsors of war" in May 2023 for continuing operations in Russia.
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