Economy
In September, Russia's oil export revenues experienced a notable drop of 3.9%, decreasing from $15.3 billion in August to $14.7 billion. This decline was attributed to lower global oil prices rather than stricter sanctions, as highlighted in a study conducted by KSE Institute. The research
Economy
Germany recently closed a high-profile case against Russian billionaire Alisher Usmanov, a close associate of Russian President Vladimir Putin, following Usmanov’s agreement to pay a substantial €4 million fine. Despite being under European Union sanctions, Usmanov opted to settle this matter, which centered on alleged money laundering in Germany,
Economy
In a dramatic turn of international trade tensions, Skydio, the U.S.-based drone manufacturer and a significant supplier of drones to the Ukrainian military, is now grappling with a supply chain crisis following Chinese sanctions. The sanctions, which prevent Chinese companies from providing Skydio with crucial components, have left
Economy
In a significant setback for Russia’s energy ambitions, the Arctic LNG 2 terminal, a major liquefied natural gas (LNG) project located near the Arctic Circle, has suspended its natural gas liquefaction operations due to tightened Western sanctions. These sanctions, primarily from the U.S. and European allies, aim to
Economy
Kazakhstan has made it clear that it will not assist Russia in circumventing international sanctions. This position was reaffirmed by Roman Vassilenko, Kazakhstan’s Deputy Minister of Foreign Affairs, who emphasized that the country does not wish to see its territory used as a loophole for sanctions evasion. Vassilenko’s
Economy
As the European Union prepares for a significant shift in leadership at the start of 2025, the focus on sanctions against Russia is expected to intensify under Poland’s presidency of the Council of the European Union. With Poland taking the helm, discussions around tightening sanctions against Moscow are anticipated
Economy
Since 2021, at least nine oil spills have been traced back to Russia's so-called "shadow fleet," according to a recent investigation by Politico and the non-profit journalism group SourceMaterial. The spills, which occurred in international waters, represent a mounting environmental risk as Russia continues to bypass
Economy
The issue of sanctions evasion has emerged as a critical challenge in the European Union's efforts to curtail Russia's war machine. Josep Borrell, the EU's High Representative for Foreign Affairs and Security Policy, has emphasized that the fight against sanctions evasion must begin within
Economy
On October 8, the United Kingdom announced new sanctions against three Russian institutions and one individual in response to the Russian military's use of chemical weapons against Ukraine. This decision underscores the seriousness of the situation and draws the international community's attention to Russia's
The iconic French fashion house, Christian Dior Couture, is making headlines once again as it re-establishes its trademark registration in Russia. This move comes after the company temporarily exited the Russian market due to the geopolitical upheaval caused by the full-scale invasion of Ukraine by Moscow. Despite the initial withdrawal,
In a startling revelation, a recent investigation by The Kyiv Independent has uncovered potential loopholes in the sanctions imposed on Sergey Korolev, the First Deputy Director of Russia's Federal Security Service (FSB). It appears that Korolev has been misidentified in official records for years, raising questions about the
In light of ongoing geopolitical tensions and security threats, the European Union (EU) is set to introduce a new thematic sanctions regime specifically targeting hybrid threats from Russia. This decision underscores the EU's commitment to addressing the multifaceted challenges posed by Russia’s aggressive maneuvers, particularly in the
U.S. sanctions against Russia have significantly altered the economic landscape in Central Asia, prompting an increase in trade between Kazakhstan and Russia using new currencies. According to recent reports, Kazakh banks and companies are increasingly turning to the yuan and ruble for currency operations necessary for transactions with China.
Recent reports indicate that Russia is suspending two significant gas megaprojects due to Western sanctions, marking a critical turning point for the country's energy sector. The news, first covered by "Kommersant," reveals that Novatek, one of Russia's largest independent gas producers, has frozen its
The European Union (EU) is taking a stronger stance in its efforts to curb the supply of military goods to Russia by imposing new sanctions that focus on financial institutions. These institutions are seen as facilitators of the flow of military-related products into the country, especially those coming from Western
Mike Pompeo, a staunch Republican and former U.S. Secretary of State under President Donald Trump, remains a committed ally to Trump and continues to support his candidacy for the upcoming presidential election. Pompeo, known for his firm positions, has expressed his willingness to once again "serve America"
The European Union (EU) has officially extended its personal sanctions against individuals and entities associated with undermining the territorial integrity, sovereignty, and independence of Ukraine. The sanctions, which were originally set to expire in September 2023, have been prolonged until March 15, 2024. This extension is part of the ongoing
On Tuesday, August 10, the United Kingdom announced a fresh wave of sanctions targeting Russia’s Aerospace Forces. This move marks a significant escalation in the UK's response to ongoing geopolitical tensions and underscores its commitment to countering Russian military advancements. Details of the Sanctions The new sanctions
In a continued effort to tighten global pressure on Russia amidst its ongoing full-scale war against Ukraine, the U.S. Department of State has introduced new sanctions targeting two companies and two vessels. These entities have been directly involved in the export of Russian liquefied natural gas (LNG), specifically through
In a significant development amid the ongoing conflict between Ukraine and Russia, Ukrainian President Volodymyr Zelensky announced that Ukraine has provided the Netherlands with detailed information regarding Western-made components found in Russian missiles. This exchange of intelligence underscores the complexities of enforcing international sanctions and highlights the ongoing challenges in
The recent wave of U.S. sanctions against Russia has already sent shockwaves through the country's financial sector, underscoring the global reach and effectiveness of these measures. The sanctions, which were implemented just before Ukraine's Independence Day, have targeted a wide range of entities, including some
