Western sanctions on Russia's Ozernoye zinc mine have left the company struggling to replace key equipment needed to boost production, several sources familiar with the situation told Reuters.
A draft budget submitted to the Russian parliament last month has outlined the Kremlin's plans to keep spending high in its wartime economy, with ambitions to maintain the steady levels of growth the country has seen since its full-scale invasion of Ukraine in February 2022. Surging government spending on war
Russia shot down one of its own drones — a large and stealthy S-70 — after it flew uncontrolled into Ukrainian territory in early October, sparking speculation about how Moscow lost control of this valuable asset so publicly. It’s an unforced error that will be keenly felt in Moscow, whose high
"You can be assured that the Biden administration is going to continue to tighten the screws against Russia’s LNG exports," Jeffrey Pyatt, assistant Secretary of State for Energy Resources, said.
The Financial Action Task Force (FATF) meets tomorrow, Oct. 22, and is expected to once again debate Russia’s blacklisting. That Russia, a clear state sponsor of terrorism, hasn’t been ousted from an intergovernmental body that sets global standards to combat terrorist financing, money laundering, and related financial crimes,
Microelectronics made by companies from the U.S., Switzerland, the U.K., and the Netherlands were found in the North Korean missile that was shot down over Poltava Oblast.
The two Chinese companies — Limbach and Redlepus — have been working in tandem with IEMZ Kupol, a subsidiary of the Kremlin-owned weapons company Almaz-Antey, to create the drones, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) said in a statement.
The move came after Russia and China have blocked monitoring activities at the United Nations. In March, Moscow vetoed the annual renewal of the panel of experts monitoring U.N. sanctions against Pyongyang over its nuclear and ballistic missile programs.
Russia's "shadow fleet" of older and poorly insured tankers transports 70% of the country's seaborne exports, according to an analysis published by the Kyiv School of Economics (KSE) Insititute on Oct. 14.
"We believe that this issue, the prolongation of the Russian sanctions, should be decided after the U.S. elections. We have to see in which direction the future U.S. administration is going with this issue," Hungarian Finance Minister Mihaly Varga said.
The United Kingdom issued sanctions against Russian units involved in the use of chemical weapons on the battlefield in Ukraine, the country's Foreign Office said on Oct. 8.
Two and a half years after Russian President Vladimir Putin ordered a full-scale invasion of Ukraine, the Russian economy seems like a riddle wrapped in an enigma of competing narratives. If you want to argue that the economy has been hobbled by Western sanctions, by the Kremlin’s prioritizing of
According to Bloomberg, the EU's sanctions would target "about a dozen individuals and entities," which includes firms involved in the engineering, metals, and aviation sectors.
"Evil Corp has used the Dridex malware to infect computers and harvest login credentials from hundreds of banks and other financial institutions in over 40 countries, resulting in more than $100 million in theft losses and damage suffered by U.S. and international financial institutions and their customers," said State Department spokesperson Matthew Miller.
Nikolai Patrushev, an advisor to Russian President Vladimir Putin, accused the West on Sept. 27 of attempting to isolate Kaliningrad Oblast by disrupting transportation links between the exclave and mainland Russia. Speaking at a meeting in Kaliningrad, a Russian exclave between Poland and Lithuania on the Baltic Sea, Patrushev claimed
The U.K. imposed sanctions on Sept. 25 against five vessels and two companies involved in the transportation of Russian liquefied natural gas (LNG) as it looks to exert more pressure on sources of revenue for the Kremlin, according to a statement. While LNG exports have been less heavily sanctioned
Returning from their summer recess, European Union leaders have a packed agenda. At the top of the list are strengthening the bloc’s readiness for conflict and bolstering its economic competitiveness. For decades, the EU relied on economic influence as a substitute for hard power. But in an era of
As the full-scale invasion continues, Western countries are imposing increasingly severe sanctions on Russia, forcing it to seek new partnerships with Asian powerhouses China and India.
Ukraine has imposed sanctions against six individuals and over 40 entities from Iran, China, and Russia.
"The U.S. remains strongly committed to leveraging all our available tools to disrupt this and other schemes intended to support Russia's war of aggression against Ukraine and enable (North Korea's) illicit access to the international financial system," said Treasury official Bradley Smith.
The International Monetary Fund's (IMF) planned visit to Russia has been "postponed indefinitely," Russian state-controlled news agency TASS reported on Sept. 17.
A group of 13 Ukrainian chess players has sent a letter to the International Chess Federation (FIDE), urging the continued ban on Russian and Belarusian players from competitions due to the ongoing invasion of Ukraine.
"Today's action underscores our concern about the consequences of anti-democratic actions in Georgia and efforts by key individuals to use violence and intimidation to achieve their aims," said Treasury official Bradley Smith.
Russia managed to import aircraft tires worth $30 million from Western and other foreign manufacturers last year despite sanctions, The Guardian reported on Sept. 12, citing a report from a Ukrainian agency it had obtained.
U.S. government legal actions targeting a network of Russian influence last week have exposed shortcomings in the country's laws designed to tackle the malign influence of foreign agents, experts told the Kyiv Independent. Treasury sanctions targeted leaders of Russian state-owned news outlet RT, formerly Russia Today, a media organization
The U.K. has sanctioned 10 Russian vessels that are part of the "shadow fleet" of ships that transport Russian oil around the world, the U.K. Foreign Office announced on Sept. 11.
China is supplying Russia with materials that directly boost Russia's war machine, and in return is receiving military technology support from Russia, U.S. Deputy Secretary of State Kurt Campbell told journalists on Sept. 10.
The three countries said that they have "privately and publicly been clear that we would take new and significant measures against Iran if the transfers took place."
Arctic LNG 2 was envisaged as Russia's largest LNG plant and a flagship project that was supposed to help the country become the world's leading LNG producer.
Dimitri Simes, once an adviser to former U.S. President Donald Trump, works as a presenter for Channel One Russia, a state-run television station sanctioned by the U.S. Treasury Department in May 2022.
The last IMF mission to Russia was in 2019, before the Covid-19 pandemic. "We were excluded from this process under pressure from our Western 'friends,' and there were no further missions in 2022-23," the IMF's Russian Executive Director Aleksei Mozhin said.
Ukraine has sanctioned 150 entities and individuals involved in Russia's aviation industry, President Volodymyr Zelensky said in his evening address on Sept. 1.
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