Section: Economy

      Finland closed the checkpoint on the border with Russia due to sanctions
      Apr20

      Finland closed the checkpoint on the border with Russia due to sanctions

      Finland closed the Parikkala-Sivaoru crossing, located on the border with Russia, and froze all plans for its development. It was suspended indefinitely. The timber was mainly transported via the Parikkala checkpoint. Following EU sanctions banning trucks registered in Russia or Belarus from entering the EU, traffic through the Parikkala...

      New Zealand announced new sanctions against Russia’s largest banks and financial institutions
      Apr19

      New Zealand announced new sanctions against Russia’s largest banks and financial institutions

      New Zealand has announced new sanctions against Russia’s largest banks and financial institutions for invading Ukraine. In particular, the list includes the Central Bank of Russia. Source: New Zealand Foreign Minister Nanaia Mahuta “New Zealand is imposing sanctions on eighteen financial entities, including Russia’s central bank,...

      The United States will punish those who help Russia avoid sanctions – US National Security Advisor
      Apr16

      The United States will punish those who help Russia avoid sanctions – US National Security Advisor

      The United States is preparing new efforts to combat Russia’s evasion of sanctions. Source: US National Security Advisor Jake Sullivan “The White House will dedicate the next few days to this. Over the next week or two, we will receive information about those who are trying to help Russia evade sanctions. And, both inside and outside...

      Ukraine has proposed an “Iranian model” of sanctions against Russian gas
      Apr12

      Ukraine has proposed an “Iranian model” of sanctions against Russian gas

      Ukraine offers international partners to impose the Iranian model of sanctions against Gazprom. When Russian gas goes to the EU, the funds for it will not go to Russia, they will be transferred to special deposit accounts. Source: Deputy Minister of Energy of Ukraine Yaroslav Demchenkov As for Russia’s natural gas supplied via pipelines, it...

      The Chancellor of Austria visited the Ukrainian city of Bucha and said about further sanctions against Russia
      Apr10

      The Chancellor of Austria visited the Ukrainian city of Bucha and said about further sanctions against Russia

      Austrian Chancellor Karl Nehammer has visited Bucha. Source: Oleksandr Pavliuk, head of the Kyiv Regional Military Administration “Bucha went through terrible days during the racist occupation. War crimes took place here that the whole world should know about. I am grateful to Austrian Chancellor Karl Nehammer for his support and visit to...

      Biden: sanctions will nullify all the Russian achievements in 15 years
      Apr07

      Biden: sanctions will nullify all the Russian achievements in 15 years

      US President Joe Biden is convinced that the sanctions imposed by Western countries on Russia will destroy the economy of the aggressor country and cut it off from technology. Source: The President of the USA Joe Biden “In just this one year, our sanctions will negate everything that the Russian economy has been able to add over the past 15...

      US imposes full blocking sanctions on Russia’s largest financial institution
      Apr07

      US imposes full blocking sanctions on Russia’s largest financial institution

      The USA imposes full blocking sanctions on Russia’s largest financial institution, Sberbank, and Russia’s largest private bank, Alfa- Bank. Source: the White House This action will freeze any of Sberbank’s and Alfa-Bank’s assets touching the U.S financial system and prohibit U.S. persons from doing business with them. “In addition, full...

      5th package of sanctions against Russia: coal embargo and ban on 4 key Russian banks
      Apr05

      5th package of sanctions against Russia: coal embargo and ban on 4 key Russian banks

      The European Union has announced a fifth package of sanctions against Russia in response to the atrocities in Bucha, which included a coal embargo against the aggressor and a ban on transactions with four leading Russian banks. Source: President of the European Commission Ursula von der Leyen “Russia is waging a cruel, ruthless war, also...

      Italy supports EU sanctions against Russian gas
      Apr04

      Italy supports EU sanctions against Russian gas

      Italian Foreign Minister Luigi Di Maio said that Italy would support sanctions against Russian gas after the atrocities in the Ukrainian city of Bucha. Source: Italian Minister for Foreign Affairs “Italy will not veto Russian gas sanctions,” Di Maio said. Italy receives about 40% of its gas imports from Russia, and after the Russian...

      Prime Minister of Ukraine: Partners must impose a devastating package of sanctions against Russia’s atrocities in Kyiv region
      Apr04

      Prime Minister of Ukraine: Partners must impose a devastating package of sanctions against Russia’s atrocities in Kyiv region

      The Prime Minister of Ukraine Denys Shmygal calls on Ukraine’s partners to impose a devastating package of sanctions against Russia. Source: The Prime Minister of Ukraine “The occupiers’ crimes against civilians in the Kyiv region have shown the true face of Russia. We call on our partners to impose a devastating package of...