Canada imposes sanctions on 6 Russian officials over Navalny’s death
The new sanctions will be imposed on six Russian officials, including senior officials and employees of Russia's prosecution, judicial, and correctional services.
Sanctions
Lithuania announces deadline for Russian-registered cars to leave country
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 joins EU in expanding sanctions against Russia
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 imposes additional ban on imports of Russian diamonds
Canada has banned indirect imports of Russian diamonds weighing one carat and above, Canada's Foreign Ministry announced on March 1.
Opinion: Putin’s silk road around sanctions
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
Ukraine Business Roundup — February 27
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
Reuters: US sanctions may threaten Russian oil sales to India
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.
Zelensky addresses Macron’s Ukraine summit, calls to 'deprive Russia of advantages'
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.
US Treasury says threat to sanction 3rd-country banks has impacted Russian funding flows
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.
Latvian agriculture minister calls on EU to ban Russian agricultural imports
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 to strengthen export controls on Russia, Belarus
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.
Sanctions for show: Russian oil sales to China, India single main driver of Ukraine invasion
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 announces new sanctions against Russia
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
White House: US to impose new sanctions on Iran, 'go further' if ballistic missiles sent to Russia
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.
US cracks down on sanctioned Russian oligarchs
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.
UK announces new Russia sanctions ahead of 2-year anniversary of full-scale war
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.
US Senate to hold hearing on presence of US-made chips in Russian weapons
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.
Reuters: EU to remove Yandex co-founder from Russian sanctions list
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.
UK announces sanctions against 6 Russians in charge of prison where Navalny was held
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.
Report: North Korean missiles used by Russia against Ukraine contain US, European components
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 cracks down on Russian sanctions evasion
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.
Russian media: China's 3 biggest banks stop accepting payments from sanctioned Russian institutions
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.
North Korean media: Putin gifts car to Kim Jong Un
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.
Reuters: Oreos manufacturer Mondelez overhauls Russian operations amid boycott, protests
Mondelez was added Ukraine's list of "international sponsors of war" in May 2023 for continuing operations in Russia.
Ukraine designates Irish-American oilfield service company as international 'sponsor of war'
The Irish-American oilfield service company Weatherford International has been added to Ukraine's list of "international sponsors of war" for continuing operations in Russia, the National Agency on Corruption Prevention (NACP) announced on Feb. 15.
Ukraine designates US-based manufacturer as international 'sponsor of war'
Allied Mineral Products, LLC manufactures a variety of refractory products, including heat-resistant materials that can be used in the production of military equipment.
US announces new sanctions aimed at enforcing price cap on Russian oil
The sanctions announced by OFAC on Feb. 8 were targeted at three companies based in the United Arab Emirates (UAE) and one in Liberia. The last company to be sanctioned by OFAC for violating the price cap in January 2024 was also registered in the UAE.
EU declines to remove sanctions against Russian oligarch Usmanov
In the 2022 decision to impose sanctions, Alisher Usmanov was described as a "pro-Kremlin oligarch with particularly close ties to Russian President Vladimir Putin."
Kyrgyzstan's trade is booming as Russia masters sanctions circumvention
In March 2022, Kyrgyzstan's economy began to change. Imports from long-term trade partners started to steadily rise, with imports from China almost tripling. The shift was even more noticeable for countries that previously had few business ties to Bishkek. A sudden rush of goods appeared from across the European Union,
Most of 2,500 foreign components Ukraine found in Russian weapons come from US (GRAPHS)
Nearly three-quarters of the roughly 2,500 foreign components found in Russian weaponry and analyzed by Ukrainian authorities were made by U.S. producers, a database by the National Agency on Corruption Prevention (NAZK) reveals. Foreign-sourced goods and materials such as microchips fuel Russia's war machine amid the full-scale invasion
UK announces new sanctions against suppliers that support Russia's war effort
The new sanctions target both Russia's military-industrial complex and its foreign suppliers, entities and individuals associated with the Wagner Group, and four United Arab Emirates-based companies that help Russia evade sanctions on the trade of oil above the $60 per barrel price cap.
US sanctions three companies that help Russia circumvent oil price cap
“Enforcement of the price cap on Russian oil is a top priority for the United States and our coalition partners,” said Deputy Secretary of the Treasury Wally Adeyemo.
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