Section: Economy
EU ambassadors began discussing the seventh package of sanctions against Russia
The EU is preparing a new package of sanctions against Russia. EU leaders began discussing the seventh package of sanctions against Russia on July 14. Source: Editor of “Radio Free Europe” Rikard Jozwiak “EU ambassadors today held consultations on a new package of sanctions against Russia. There will be proposals tomorrow,...
The EU is working to strengthen control over the implementation of sanctions against Russia
The EU is discussing new measures designed to strengthen control over the implementation of sanctions against Russia within the bloc. Source: EU authorities In particular, new measures are being discussed that can close loopholes, strengthen the enforcement of sanctions and improve data exchange between EU countries. “For now, the leakiest...
G7 countries will expand sanctions against Russia’s defense sector – The White House
The G7 countries intend to further restrict Russia’s access to industrial resources and technologies that support Russia’s defense. Source: The White House “G7 Leaders will align and expand targeted sanctions to further restrict Russia’s access to key industrial inputs, services, and technologies produced by our economies,...
Britain expanded sanctions against Russia
Britain is stepping up economic pressure on Russia over the invasion of Ukraine. London has announced new sanctions against Russia. Source: The Press Service of the British Government Britain bans exports to Russia of pounds sterling and banknotes of EU countries, as well as the supply of air-fuel. Prohibitions on the export, supply and delivery,...
US extended sanctions against Belarus for another year
US President Joe Biden has officially announced that he has continued the state of emergency due to the actions and policies of the regime of the Republic of Belarus, which also includes the continuation of sanctions against the authorities of this country. Source: The White House “I expanded the scope of the national emergency declared in...
President of Ukraine imposed sanctions on Russian President and top Russian officials
Ukrainian President Volodymyr Zelenskyy has signed a decree imposing sanctions on Russian President Vladimir Putin and more than 30 top Russian officials. Source: The President of Ukraine Volodymyr Zelenskyy The list of 35 sanctioned officials includes Putin’s spokesman, Dmitry Peskov, and all members of Russia’s government and...
Great Britain strengthens the punishment for violating sanctions against Russia
The United Kingdom will introduce a stricter mechanism of prosecution for violating sanctions against Russia on June 15. The new rules apply to cooperation with individuals and legal entities from the Russian Federation, which are subject to economic restrictions. Source: OFSI Director Giles Thomson Starting June 15, the UK’s Office of Financial...
The sixth package of sanctions has become a powerful trigger for the abandonment of Russian oil now – Ukraine’s Ambassador to the EU
Ukraine considers the implementation of the sixth package of sanctions against Russia as a very powerful step, which has become a trigger for the abandonment of Russian oil now. Source: Ukraine’s Ambassador to the EU Vsevolod Chentsov “We consider this step [the implementation of the sixth sanctions package against Russia – Ed.] to be...
The EU is already working on the seventh package of sanctions against Russia
The European Union has already begun work on new sanctions against Russia. This will be the seventh package from the beginning of the full-scale invasion of Ukraine. Source: Polish Deputy Minister of Foreign Affairs Pawel Jablonski When asked whether the work on the seventh package of sanctions has already begun, the representative of the Polish...
EU sanctions on Russian oil embargo will not apply to pipelines
The European Union has previously approved an embargo on Russian oil supplies. The ban will not apply to fuel supplied by pipelines. Source: Draft EU summit conclusions Participants in the European Council summit agreed that this package of sanctions against Russia should apply to crude oil. In this case, the oil supplied by the pipeline will be...