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
Economy
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,
Economy
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
Economy
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