The new sanctions target high-level officials in Russia's investigative agency, penitentiary service, and police force who played a role in the abuse and death of Russian opposition leader Alexei Navalny.
European Union countries failed to approve a new sanctions package targeting the Russian gas industry after German authorities intervened to block the deal at the last minute.
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.
The U.S. has imposed sanctions on Evghenia Gutul, the governor of Moldova's Gagauzia region, for her ties to pro-Russian oligarch and politician Ilan Shor, the U.S. Treasury announced on June 12.
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.
Two years ago, I outlined eight lessons from Russia's war against Ukraine. And though I warned that it was too early to be confident about any predictions, they have held up reasonably well. When Russian President Vladimir Putin ordered the full-scale invasion of Ukraine in February 2022, he envisaged a
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.
Taiwan's Ministry of Economy has decided to expand sanctions against Russia and Belarus by prohibiting the export of nitrocellulose, a crucial component used in projectile production.
The initial round of sanctions entailed travel bans on "dozens" of individuals, including members of the ruling Georgian Dream party, other members of parliament, law enforcement, and other private citizens, said U.S. State Department spokesperson Matthew Miller.
"The main consequences of sanctions for Gazprom and the energy industry are the contraction of export volumes, which will be restored to their 2020 level no earlier than in 2035," the report said.
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.
The European Council adopted new sanctions on May 31 targeting six individual and three entities from Iran who are involved in the transfer of drones to support Russia's war effort in Ukraine.
U.S. State Department Spokesperson Matthew Miller commented on the sanctions, saying that the companies were "advancing the Kremlin-backed Wagner Group's security operations and its illicit mining endeavors in Africa."
The U.S. has accused China of giving Russia "every support behind the scenes" towards its war in Ukraine, describing its actions as "destabilizing in the heart of Europe."
Reuters reported earlier in the day, citing an unnamed Treasury official, that U.S. Deputy Treasury Secretary Wally Adeyemo will meet with Ukrainian Finance Minister Serhii Marchenko, aides to President Volodymyr Zelensky, and other lawmakers.
Chinese multinational Alibaba, the owner of the online shopping portal AliExpress, has stopped accepting payments in rubles and no longer allows the delivery of orders to Russia, Russian business newspaper Kommersant reported on May 28.
"Sanctions slow the economy, (they) never stop it," said Hamam Buamim, chair of the Dubai Multi Commodities Center. "Trade continues flowing, it just flows in a different way."
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.
At Czechia's proposal, the EU has sanctioned former Ukrainian politician and pro-Russian oligarch Viktor Medvedchuk, the Czech Foreign Ministry said 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.
Iran’s recent missile attacks against Israel serve as a stark reminder of the growing audacity of petro-dictatorships in flouting international norms and undermining global peace. Iran, emboldened by Russia’s relentless and indiscriminate assaults on Ukraine – targeting everything from hospitals and kindergartens to power stations with Iranian-made missiles and
Russian President Vladimir Putin is trying to revive the Soviet Union, but two can play this game. To complete the Kremlin’s grotesque historical reenactment, the West should launch a new economic Cold War in response. In addition to the war of aggression waged against the civilians and cities of
Russian President Vladimir Putin sent a clear signal to the West last week: China stands firmly behind Russia. Putin made his first foreign trip since his inauguration to Beijing to meet with President Xi Jinping on May 16. The visit came after a cabinet reshuffle in Russia the week prior,
The new sanctions will target three companies and one individual from North Korea and Russia and follow similar measures implemented by the U.S. the day before.
With Russia's military stocks running low and domestic production capacity simultaneously hampered by Western sanctions, North Korea has been shaping up as Russia's leading weapons supplier, reportedly providing Moscow with extensive military packages, including ballistic missiles and over 3 million artillery shells.
The restrictions target actors purportedly involved in the transfer of North Korean arms to Russia for use against Ukraine and Iranian actors providing military aid to Moscow.
Austria's Raiffeisen Bank International (RBI) was warned by the U.S. Treasury that its access to the U.S. financial system could be curbed due to its continued presence in the Russian market, Reuters reported on May 15.
Apart from 11 companies reportedly connected to the 2023 spy balloon incident, 22 were added to the list because they were linked to China's efforts to improve its quantum technology.
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