Ukraine stopped the transit of Russian oil to Hungary, the Czech Republic and Slovakia
The Russian state company “Transneft” announced on August 9, 2022, that Ukraine has stopped the transfer of Russian oil through the “Druzhba” oil pipeline to Hungary, the Czech Republic and Slovakia since August 4, because Russia’s “Transneft” was unable to pay for transportation through the...
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
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
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
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
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...
Belgium has frozen Russian assets worth more than 50 billion euros
Belgium has frozen 50.5 billion euros of funds belonging to people, companies and other legal entities that have come under sanctions after Russia invaded Ukraine. Source: Belgium’s Federal Office of Public Finance This €50.5 billion includes all kinds of financial assets, such as money and shares, located in Belgium and owned by 1,229...
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?
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
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,...
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Not only Russia. How populists destroy the greatness of the West Wednesday, October 4, 2023 - 06:27 (EEST)
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