Glavproduct, a canned food producer originally founded by Los Angeles-based businessman Leonid Smirnov, is the only U.S. company to fall under Russian state control since the start of Russia's full-scale war against Ukraine.
"I am continuing for one year the national emergency with respect to the Russian Federation and the emergency authority relating to the regulation of the anchorage and movement of Russian-affiliated vessels to United States ports," a U.S. Federal Register document says.
The warning follows Ukraine's agreement to a full 30-day ceasefire on March 11 during U.S.-mediated talks in Saudi Arabia.
Russia's Finance Ministry said the government lost roughly 230 billion rubles ($2.7 billion) in tax income compared to March 2024, with oil and gas revenues accounting for one-third of the total state income.
Key developments on April 2: * US sanctions Russian firms but lifts sanctions on Putin ally's wife * US sanctions network supplying Houthis with stolen Ukrainian grain, Russian arms * Trump admin officials say ceasefire unlikely in coming months, Reuters reports * Russian negotiator to meet Trump envoy in US on April 2, media
The Treasury Department did not provide a reason for Karina Rotenberg's removal from the sanctions list.
The sanctioned network helped the Houthis acquire "tens of millions of dollars' worth of commodities from Russia, including weapons and sensitive goods, as well as stolen Ukrainian grain," according to the Treasury.
"The dominating view in the United States Senate is that Russia is the aggressor, and that this horrific war and Putin’s aggression must end now and be deterred in the future," the press release on April 1 said.
With much fanfare, the U.S. on March 25 announced it had brokered an agreement between Russia and Ukraine to "eliminate the use of force" in the Black Sea after two days of talks in Saudi Arabia. But while Kyiv said it was ready to abide by it straight away,
The Trump administration dealt a blow to Russia's energy sector last week after it let lapse an exemption allowing Russian banks to use U.S. payment systems for energy transactions. The move closed an important financial channel for Russian oil and gas exports and comes as Washington looks for ways
"They are taking a break for now while contemplating if there are ways to work around," a source told Reuters.
The Trump administration toughened sanctions on Russia's oil and gas industry on March 13 by not renewing an exemption that allows Russian banks to access U.S. payment systems to conduct energy transactions.
Easing the price ceiling on Russian oil is allegedly one option under consideration, Bloomberg reported.
The proposed recommendations focus on lifting restrictions on the aviation and banking industries, investments, and luxury goods shipments.
U.S. President Donald Trump’s administration is reportedly ready to lift sanctions on Russia imposed after the start of the full-scale invasion, in a reversal of U.S. policy toward Moscow during its war against Ukraine. The White House is preparing a plan to potentially give Russia sanctions relief
The White House has directed the State and Treasury departments to compile a list of sanctions that could be lifted, according to sources. While internal government offices routinely prepare such options, the White House’s direct request signals a serious consideration of sanctions relief.
The decision comes amid Trump's renewed engagement with Russia, including talks on Feb. 18 on ending the war in Ukraine and the potential reopening of embassies in Washington and Moscow.
Key developments on Feb. 26: * Trump says he will meet Zelensky on Feb. 28 in Washington to sign agreement on minerals * No security guarantees in US minerals deal, to be discussed later, Zelensky says * US, Russia to meet again tomorrow in Istanbul, Lavrov says * No sanctions relief for Russia pre-deal
U.S. President Donald Trump said on Feb. 26 that Ukraine will not be allowed to join NATO as part of a future peace agreement with Russia and ruled out lifting sanctions on Moscow before a deal is reached.
"We can adjust accordingly the return to our market of those who want to return," Russian President Vladimir Putin said, suggesting potential restrictions or conditions for Western firms looking to resume operations in Russia.
U.S. Secretary of State Marco Rubio assured a group of European colleagues that sanctions would not be lifted earlier. The phone call took place on Feb. 18.
Chinese refiners are being offered Russian ESPO crude at discounted prices as rising concerns over U.S. sanctions create logistical and administrative challenges, deterring buyers, Bloomberg reported on Feb. 11.
The European Commission criticized the decision as "unlawful and economically counterproductive," arguing that the deeply integrated supply chains between the EU and the U.S. would suffer under such restrictions.
The tanker, built in 2023 and sailing under the Antigua and Barbuda flag, had arrived at Ust-Luga on Feb. 6, according to ship-tracking data from Vesselfinder. Russia’s Baza Telegram channel reported that the vessel was carrying 130,000 tonnes of heavy fuel oil.
Speaking at a televised meeting with Prime Minister Mikhail Mishustin on Feb. 7, Putin noted that consumer prices in Russia rose by 9.5% in 2024 and have climbed further to 9.9% year-on-year this month.
The number of sanctioned vessels has now reached 265, with U.S. blacklisting proving to be the most disruptive. Of the 435 ships that transported Russian crude in 2024, 112—or 26%—are now under Washington’s sanctions.
The U.S. Justice Department is shutting down a program that sanctioned Kremlin-linked oligarchs, launched in 2022, Attorney General Pam Bondi announced on Feb. 5.
A U.S. Justice Department investigation found that Russia funneled billions of dollars through American banks to Turkey in 2022, using the Akkuyu nuclear power plant project as cover to evade sanctions, according to the Wall Street Journal (WSJ).
U.S. President Donald Trump said on Jan. 21 that he would likely impose additional sanctions against Russia if Russian President Vladimir Putin refused to negotiate a peace deal with Ukraine.
Sanctions imposed by the outgoing U.S. administration against Antal Rogan, Prime Minister Viktor Orban's cabinet chief and overseer of the secret service, have only strengthened Rogan's position, Orban said during a state radio interview on Jan. 17.
The latest sanctions, imposed last week, targeted over 180 oil-carrying vessels of Russia's so-called shadow fleet, a group of aging tankers routinely used for sanction evasion.
In the run-up to his departure from the White House, President Joe Biden has slapped a number of major new sanctions on Russia’s financial systems and energy sector. The U.S. originally threatened Russia with “the mother of all sanctions” as Moscow prepared to invade Ukraine in February 2022.
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