While the number of missiles Pyongyang has given to Moscow remains a tiny percentage of Russia's overall stockpiles, Ukraine and its allies are concerned about the growing ties between the two countries.
According to Bloomberg, the ban on Russian funding could impact far-right parties in Europe such as Germany's AfD and France's National Rally, both of which have previously been accused of links to Russia.
Kadri Simson also said the EU is preparing for a sudden end to the Russian gas supply when the transit contract between Ukraine and Moscow expires at the end of this year.
The EU executive body is proposing that the Voice of Europe media outlet be added to the upcoming 14th round of EU sanctions against Russia, the Vice-President of the European Commission, Vera Jourova, said on May 5, as reported by European Pravda.
A Russian court canceled the seizure of some of JPMorgan funds in Russia as part of a lawsuit with the Russian state-owned bank VTB, Reuters reported on May 2.
The U.S. imposed new sanctions on May 1 against nearly 300 companies and individuals in Russia and third countries, including Chinese companies, for aiding Moscow's war effort, the Treasury Department announced.
Being majority-owned by the Russian state, dividends can be used to fund the full-scale invasion of Ukraine.
Airbus has been granted a waiver by the Canadian government, allowing it to continue using Russian titanium after Ottawa became the first Western nation to ban the metal in its latest package of sanctions targeting the Kremlin, Reuters reported on April 23.
The Kyiv Independent’s business reporter Dominic Culverwell explains how confiscating the assets could be used to help Ukraine and why it hasn’t happened yet.
The announcement followed comments earlier in the week from finance ministry official Lev Denisov, who said that the initial 2.3% estimate would be revised upwards due to the "strong growth of the economy" at the beginning of 2024.
Nearly 40% of sales at Russia's largest aluminum producer, Rusal, are at risk due to sanctions imposed by the U.S. and U.K., Bloomberg reported on April 16.
U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is investigating several U.S. and foreign companies for supplying military-purpose chips which end up in Russia, Bloomberg reported on April 12, citing an unnamed U.S. official.
The European Council approved the law on the prosecution of violation or circumvention of EU sanctions, mainly concerning the sanctions against Russia, the parliament's press service reported on April 12.
Turkish machinery exporters, who benefited from the surge in sales to Russia last year, may see their revenues drop by $1 billion in 2024 due to "ambiguous" sanctions, Bloomberg said, citing Kutlu Karavelioglu, the chairperson of the Machinery Exporters' Association.
The EU has banned the Turkish airline Southwind from flying in its airspace due to links with Russia, Turkish newspaper Cumhuriyet reported on March 30.
Bilateral trade between Russia and Armenia has flourished since 2022, providing ground for the accusations of alleged sanctions circumvention, media outlet Euroactiv reported on March 28.
The new directive defines the circumvention of sanctions and ensures that it will be treated as an offense punishable by a prison sentence of up to five years in all member states.
The new sanctions will be imposed on six Russian officials, including senior officials and employees of Russia's prosecution, judicial, and correctional services.
Switzerland has expanded its sanctions against Russia in line with the European Union’s 13th package of sanctions, the Swiss government announced on March 1.
Canada has banned indirect imports of Russian diamonds weighing one carat and above, Canada's Foreign Ministry announced on March 1.
“Today, I am announcing more than 500 new sanctions against Russia for its ongoing war of conquest on Ukraine and for the death of Aleksei Navalny, who was a courageous anti-corruption activist and Putin’s fiercest opposition leader,” U.S. President Joe Biden said in a statement published by the White House.
The package targets an additional 106 individuals and 88 entities involved in Russia’s aggression against Ukraine. The list includes includes companies from India, Sri Lanka, China, Serbia, Kazakhstan, Thailand, and Turkey.
The European Council announced in a statement on Feb. 25 that they had adopted the 10th package of sanctions against Russia and those who support its war against Ukraine. "Today's 10th package of sanctions targets those who are instrumental in the continuation of this brutal war. We are taking more
The stakes are becoming increasingly high for the companies that have refused to pull out of Russia following its brutal invasion of Ukraine. A quarter of the world’s 200 largest companies are at risk of having key assets seized by the Russian government, according to a new report from
Editor’s Note: This op-ed was published by Atlantic Council. It is republished here with permission. The Putin regime has long sought to convince Russians that international sanctions imposed over the invasion of Ukraine are actually beneficial for the country. Russia’s propaganda machine has also succeeded in persuading many
