Economy
In a significant development during a summit held in Brussels, leaders of the European Union have decided to implement new sanctions against Iran. This decision comes in the aftermath of a recent attack on Israel, marking a pivotal moment in EU foreign policy. According to "The Times of Israel,
Economy
PepsiCo, the American multinational food, snack, and beverage corporation, is facing a complex situation as it restructures its business operations in Ukraine while maintaining its presence in Russia. This strategic move, concentrating its business activities in Ukraine through one of its subsidiaries, is drawing significant attention due to the broader
Economy
On April 10, 2024, a significant decision by the European Union Court found in favor of Russian oligarchs Petr Aven and Mikhail Fridman, leading to the annulment of the sanctions imposed against these billionaires during 2022-2023. This ruling has sparked a wide range of reactions and opened up discussions about
Economy
After the full-scale invasion of Ukraine by Russia, elite automotive brands publicly and officially exited the Russian market. It seemed that the billion-dollar market was devastated, and members of the so-called Russian elite were doomed to make do with the remnants of luxury. However, this has proven not to be
Economy
The United States has escalated its financial defensive measures by imposing restrictions on cryptocurrency operators, which have been exploited by Russia to circumvent the sanctions levied in response to its ongoing military actions against Ukraine. The Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions targeting a
Economy
The European Union has prepared a set of proposals that will enable Ukraine to begin receiving income from frozen Russian assets as early as July, according to Bloomberg. These proposals are based on taxing the profits from these frozen reserves, aiming to allocate approximately 3 billion euros annually to finance
Economy
Over the past three years, the trade dynamics between the European Union (EU) countries, Russia, and Belarus have undergone significant changes, navigating through a complex geopolitical landscape. Despite the turbulent ties, resulting from the full-scale Russian invasion of Ukraine, the EU's annual trade turnover with Russia and Belarus
Economy
In a significant announcement that underscores the tension between the United States and Russia, President Joe Biden has indicated that his administration is contemplating the imposition of additional sanctions against Russia in response to the death of Russian opposition leader Alexei Navalny last week. This development highlights a critical juncture
Economy
The Canadian government has removed sanctions on four individuals, notably including Olga Aiziman, the ex-spouse of Russian billionaire Mikhail Fridman. This decision was published in the Canada Gazette, as reported by liga.net, marking a significant shift in the country's stance towards certain Russian nationals previously penalized amid
Economy
In a striking development that underscores the global reach of sanctions enforcement, Dmitry Ovsyannikov, the former Russian-appointed "governor" of the occupied city of Sevastopol, has been detained in London, marking a significant event in international relations and law enforcement. Ovsyannikov, who served as the head of Sevastopol from
Economy
Introduction In a world where international relations are often governed by stringent policies and sanctions, there exists a parallel narrative of evasion and clandestine operations. A recent investigation in the Netherlands has shed light on how Iran, despite facing sanctions for its military support to Russia, continues to procure essential
Economy
The European Union has initiated discussions on a new, 13th package of sanctions against Russia, aiming to have it ratified by February 24th, the second anniversary of Russia's invasion of Ukraine. This information was reported by Bloomberg, citing sources familiar with the matter, and conveyed by "European