Section: Economy

      Ukraine asks the US to sanction all Russian banks
      Aug12

      Ukraine asks the US to sanction all Russian banks

      Ukraine’s Ambassador to the US stated on August 12, 2022, that Ukraine is calling on the administration of US President Joe Biden to introduce sanctions against all Russian private banks in order to deprive President Putin of the opportunity to wage war. Source: Ambassador of Ukraine to the USA Oksana Markarova According to Markarova,...

      Nine G20 countries did not support anti-Russian sanctions
      Aug06

      Nine G20 countries did not support anti-Russian sanctions

      According to a Bloomberg article published on August 5, only half of the G20 countries have joined the sanctions against the Russian Federation, imposed because of its war against Ukraine. Source: Bloomberg journalists “Comprising nations that account for some 85% of global economic output, the G-20 is supposed to be more reflective of the...

      Switzerland joined the seventh package of EU sanctions against Russia
      Aug04

      Switzerland joined the seventh package of EU sanctions against Russia

      The Federal Council of Switzerland on August 3 announced its accession to the latest, seventh package of European Union sanctions against Russia, introduced in connection with Russia’s full-scale invasion of Ukraine. Source: The Swiss Federal Council The sanctions include a ban on the purchase, import, and direct or indirect transfer of...

      Russia has found a new way to bypass oil sanctions
      Aug04

      Russia has found a new way to bypass oil sanctions

      Russia, probably, has found a new way to transport its oil under Western sanctions, using Egypt’s El Hamra oil terminal. The Bloomberg agency reported that a shipment of about 700,000 barrels of Russian oil was delivered to the El Hamra terminal on the morning of July 24 by the Crested tanker. A few hours later, another vessel, the Chris,...

      The USA introduced sanctions against a major Russian metals company and a woman closely linked to Putin
      Aug03

      The USA introduced sanctions against a major Russian metals company and a woman closely linked to Putin

      The US Department of the Treasury’s Office of Foreign Assets Control on August 2 announced new sanctions, targeting Russian collaborators, a major Russian metals company and a woman closely linked to Russian President Vladimir Putin. Source: US Department of Treasury The sanctions target Publichnoe Aktsionernoe Obschestvo Magnitogorskiy...

      Canada expanded sanctions against Russia
      Aug03

      Canada expanded sanctions against Russia

      Canada’s Minister of Foreign Affairs, Melanie Joly announced on August 2 the implementation of additional sanctions in connection with Russia’s illegal and unjustified invasion of Ukraine. They will affect 43 military officials and 17 organizations. Source: Canada’s Minister of Foreign Affairs, Melanie Joly “Canada is...

      New Zealand expanded sanctions against Russia
      Aug01

      New Zealand expanded sanctions against Russia

      It became known on August 1 that the New Zealand authorities introduced sanctions against Russian defense enterprises, as well as SOGAZ Insurance Company and Russian Railways due to the war against Ukraine. Source: The Foreign Ministry of New Zealand “Sanctions are being introduced against the insurance company “SOGAZ”, the...

      Do the US and the EU really soften sanctions against Russia?
      Jul27

      Do the US and the EU really soften sanctions against Russia?

      The USA and the EU decided to soften sanctions against Russia. European officials have found legal tools to ease sanctions without officially lifting them. For example, the restrictions are relaxed through “refinements”. Source: Representative of Ukraine to the European Union Vsevolod Chentsov Chentsov noted that the EU has made some...

      The EU approved the seventh package of sanctions against Russia
      Jul22

      The EU approved the seventh package of sanctions against Russia

      The Council of the European Union approved the seventh package of sanctions against Russia. Source: Head of the European Commission Ursula von der Leyen The new package will include the following restrictions: a partial ban on the import of Russian gold and the freezing of Sberbankʼs assets. “Member States have agreed to our reinforced,...

      The European Commission proposed to extend sanctions against Russia until 2023
      Jul16

      The European Commission proposed to extend sanctions against Russia until 2023

      The European Commission proposed to tighten sanctions against the Russian Federation until the beginning of 2023. Source: The President of the European Commission Ursula von der Leyen European Commission President Ursula von der Leyen said the EC was proposing to extend the sanctions “until January 2023.” “Russia’s brutal...