The move was likely spurred by the announcement of new U.S. sanctions against the Russian National Payment Card system (NSPK) in February 2024, which coincided with the second anniversary of the full-scale war and the death of Russian opposition leader Alexei Navalny at a penal colony in Russia.
Belarusian timber enters the EU market despite sanctions, being supplied to Poland under false documentation passing it off as Kazakh wood, a joint media investigation published on March 26 said.
Russia is defying U.N. sanctions by supplying North Korea with oil, likely in exchange for weapons, the Financial Times (FT) reported on March 26.
The European Council has sanctioned 33 people and two entities over the death of former Russian opposition leader Alexei Navalny last month, it was announced on March 22.
The United States proposed to the Group of Seven (G7) countries that they establish a special-purpose vehicle (SPV) to issue $50 billion in bonds from profits generated by frozen Russian assets and use the proceeds to support Ukraine, Bloomberg reported on March 21.
Several Chinese banks have stopped accepting payments from Russia in Chinese yuan, fearing ramifications of U.S. sanctions, the Russian state-controlled outlet Izvestia reported on March 21, citing representatives of the Russian baking sector and business.
Representatives from the partially Russian-state owned bank VTB told RBC that most banks in Armenia, barring VTB, would stop accepting cards that worked through the Mir payment system by March 30.
Bloomberg reported earlier in March that the EU was readying a new package targeting around 30 individuals in response to Alexei Navalny's death in February.
While India has also remained a critical market for Russian oil, payment issues, in part related to Western sanctions, have caused delays in the trade of oil between the two countries.
Polish fast-fashion clothing and home accessories retailer LPP S.A. allegedly had been masking its fictitious exit from the Russian market since spring 2022, U.S. investment research firm Hindenburg Research said in its investigation published on March 15.
The Russian Foreign Ministry added another 227 U.S. citizens to its list of those who are banned from entering Russia, state news agency TASS reported on March 14.
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 confirmation came after Telegram channels shared videos of a plane on fire in the sky. The 112 Telegram channel claimed that all eight crew members and seven passengers died in the crash.
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.
