Section: Sanctions
US imposed additional sanctions on Russia in the field of quantum computing services
The US Treasury announced additional sanctions against Russia in the field of advanced technologies on September 15, 2022. They include prohibiting the sale or any provision of services in the field of quantum computing to persons from the Russian Federation. Source: US Department of the Treasury “Today, OFAC issued a determination pursuant...
EU extended individual sanctions against Russians for six months
According to the European Council, restrictions will continue to apply to 1,206 Russian individuals and 108 legal entities until March 15, 2023, due to Russia’s unjustified and unprovoked aggression against Ukraine. Source: The press service of the European Council The European Union has extended for six months sanctions against legal...
USA imposed sanctions against Iranian companies that produce drones for the Russian army
On September 8, 2022, it became known, that the United States has imposed sanctions on three Iranian companies that produce attack drones for the Russian army and against a company that coordinated the delivery of drones to Russia. Source: US Department of the Treasury “Russia is making increasingly desperate choices to continue its...
Russian banks lost $25 billion due to sanctions
Deputy Chairman of the Russian Central Bank noted on September 2, 2022, that 40% of Russian “systemically important banks”, which are the largest in the country and have higher capital adequacy requirements, disclosed their losses in the first half of this year. Source: Deputy Chairman of the Russian Central Bank Dmytro Tulin Russian...
Ukrainian government approved sanctions against Belarus and Russia, included Putin’s daughters
The press service of the Ministry for Reintegration of the Temporary Occupied Territories of Ukraine noted that the Cabinet of Ministers of Ukraine at its meeting on September 2, 2022, approved a new package of sanctions, which applies to 99 individuals and 178 legal entities, including the daughters of Russian President Vladimir Putin. Source:...
The world’s largest payment system has limited work with Russian sanctioned banks
On September 2, 2022, it became known that the world’s largest Chinese payment system UnionPay has limited work with Russian acquirer banks against which sanctions were imposed due to the war in Ukraine. Source: Representative of the bank It is noted that UnionPay has banned the service of its cards issued by foreign banks in their POS...
Norway joined the seventh package of EU sanctions against Russia
Ministry of Foreign Affairs of Norway noted on August 26, 2022, that Norway joined the seventh package of European Union sanctions against Russian President Vladimir Putin and the Russian regime. Source: Minister of Foreign Affairs of Norway Anniken Huitfeldt “The package of sanctions adopted by the EU on July 21, 2022, has been...
Russia’s seaborne export of coal almost stopped due to EU sanctions
On August 25, 2022, it became known that the export of Russian coal by sea was effectively stopped due to the prohibition of the European Union to serve deliveries of Russian coal anywhere in the world within the framework of the fifth package of sanctions. Source: Bloomberg journalists The agency found out that JSC “Suek”, the...
7 EU countries called for new sanctions against Russia, including visa sanctions
On August 25, 2022, it became known that the heads of the foreign affairs committees of the parliaments of Estonia, Latvia, Lithuania, Finland, Poland, the Czech Republic and Denmark issued a joint statement calling for new sanctions against the Russian Federation for its war against Ukraine. Source: EU countries They list all the arguments that...
Canada announced new sanctions on Russia, and additional funding for Ukraine
The Prime Minister of Canada said on August 23, 2022, during the virtual Summit for Heads of State and Government of the International Crimea Platform that his country would allocate CAD $3.85 million ($2.97 million) of funding for Ukraine’s security sector and Canada also intends to sanction 62 Russians with close ties to the state, and a...