Section: Economy

      The US Department of Commerce will add to the sanctions list another 120 companies in Russia and Belarus
      Apr01

      The US Department of Commerce will add to the sanctions list another 120 companies in Russia and Belarus

      The US Department of Commerce will add 120 Russian and Belarusian organizations to the sanctions list in the coming days. Source: White House Director of Communications Kate Bedingfield “In the coming days, the Department of Commerce will take further actions to weaken Russia’s defense, aerospace, and marine sectors, adding 120...

      The United States and France have called for further sanctions against Russia
      Mar22

      The United States and France have called for further sanctions against Russia

      US Secretary of State Antony Blinken and French Foreign Minister Jean-Yves Le Drian have called for further sanctions against Russia over its continued offensive against Ukraine Source: French Ministry of Foreign Affairs The ministers discussed the humanitarian situation in Ukraine caused by Russia’s military invasion and indiscriminate...

      Russia chooses to stay formally in war with Japan after sanctions over the invasion of Ukraine were provided
      Mar22

      Russia chooses to stay formally in war with Japan after sanctions over the invasion of Ukraine were provided

      On March 21, 2022, it was announced that the Russian Federation will quit peace talks with Japan about signing a formal World War II peace treaty. Additionally, the economic projects related to the disputed Kuril islands will stay frozen and Russia ends a visa-free regime for Japanese people to visit their native lands annexed by the former...

      New Sanctions against Russia for invasion of Ukraine
      Mar19

      New Sanctions against Russia for invasion of Ukraine

      On 15 March 2022, the European Commission has announced that the EU with international partners, notably the U.S, together with other World Trade Organization (WTO) members, agree on the fourth package of restrictive measures against Russia in response to Russian attacks on Ukraine and its civilians. “The bloc in consultation with our...

      Ukrinform: Canada extends sanctions against Yanukovych and his associates

      The Government of Canada extended economic sanctions against former Ukrainian president Viktor Yanukovych and 15 of his associates. Read more here. The post Ukrinform: Canada extends sanctions against Yanukovych and his associates appeared first on KyivPost. Source: Ukrinform: Canada extends sanctions against Yanukovych and his...

      Beware the Lure of Sanctions for Russia’s Latest Aggression
      Nov27

      Beware the Lure of Sanctions for Russia’s Latest Aggression

      It’s Monday, which means that Russia is again antagonizing its neighbors to the west. But instead of little green men, Wagner “private” security forces, or Russian regulars acting under another flag, this time the FSB—Russia’s internal security service—openly fired upon and captured three Ukrainian naval vessels attempting to traverse...

      Central and Eastern Europe’s Pushback Against Sanctions on Russia
      Oct12

      Central and Eastern Europe’s Pushback Against Sanctions on Russia

      While the Kremlin’s hopes for a partial relaxation of US sanctions on Russia have all but evaporated due to increasing tension between Moscow and Washington, Russia can still count on friends and partners in Eastern Europe to promote sanctions relief. For example, in a speech to the Council of Europe on October 10, Czech President Miloš...

      Targeting Russia’s Oil: Why Sanctions Will Ultimately Work
      Jul31

      Targeting Russia’s Oil: Why Sanctions Will Ultimately Work

      It has been three years since the European Union (EU) and the United States enacted a series of sanctions against Russia for the unlawful annexation of Crimea and the subsequent war in eastern Ukraine. Some of these sanctions deliberately target Russia’s oil industry because it is the backbone of the country’s economy. However, as...

      Stockholm arbitration cancels Gazprom`s take or pay demands to Naftogaz
      Jun01

      Stockholm arbitration cancels Gazprom`s take or pay demands to Naftogaz

      The demand of the Russian gas monopoly Gazprom that Ukraine annually buy 52 billion cubic meters of gas or pay for it even without buying (the ”take or pay” principle), was canceled by a separate award rendered by the Arbitration Institute of the Stockholm Chamber of Commerce, Naftogaz of Ukraine`s press service reports. ”The Stockholm...

      Ukraine seizes Gazprom`s assets for anti-trust agency`s fines
      May31

      Ukraine seizes Gazprom`s assets for anti-trust agency`s fines

      Ukraine`s Justice Ministry has sent a notification to Russia`s gas monopoly Gazprom about the seizure of shares of its subsidiary, Gaztransit, as part of court enforcement action to recover almost UAH 190 billion, or US$7.2 billion from Gazprom in a fine charged by the Anti-Monopoly Committee of Ukraine (AMCU), according to Gazprom`s quarterly...