Economy
On July 8, the Swiss Federal Department of Economic Affairs, Education, and Research (EAER) announced the expansion of its sanctions lists against Russia, aligning with additional sanctions recently imposed by the European Union (EU). This measure is a response to the ongoing military aggression by Russia against Ukraine, which has
Economy
In the wake of escalating tensions resulting from the conflict with Ukraine, the West has imposed what can now be considered total sanctions against Russia. Oleg Deripaska, a Russian oligarch on the sanctions list, has pointed out that these developments have drastically altered the economic landscape for Russia, necessitating a
Economy
On June 29, the Council of the European Union implemented new economic sanctions against Belarus, aimed at mirroring some of the restrictive measures previously imposed on Russia. This decision was made to address the issue of circumventing existing sanctions. Expanding Restrictions on Dual-Use and Advanced Technologies The Council of the
Economy
The United States is set to unveil new sanctions and export control measures against Russia during the upcoming G7 summit, which is scheduled to take place in southern Italy later this week, according to White House spokesperson John Kirby. Background of the G7 Summit The annual G7 summit, representing the
Economy
In a daring move to circumvent international sanctions, a Russian oil tanker undertook a 12,000-kilometer voyage to execute a clandestine oil transfer near Singapore. This intricate operation highlights the lengths to which Russia is going to maintain its oil trade despite stringent Western sanctions. The Russian tanker, named "
Economy
Amazon has been accused of violating UK sanctions against Russia by allegedly providing Moscow with its facial recognition technology even after Russia's full-scale invasion of Ukraine. This claim comes from a former employee of the company. Charles Forrest, an ex-worker of Amazon Web Services (AWS), is currently suing
Economy
Deputy Prime Minister of Kazakhstan, Serik Zhumangarin, recently articulated that while his country does not support the unilateral sanctions imposed against Russia, it will continue to adhere to them due to economic benefits. Zhumangarin clarified that Kazakhstan is not a part of any coalition enforcing these sanctions but finds compliance
Economy
In a significant move to uphold international peace and security, the Canadian government has announced the imposition of special economic measures against key associates of former Ukrainian President Viktor Yanukovych. This decision, which was reported by "European Truth" referencing a statement from the Canadian government, underscores Canada'
Economy
The United States is prepared to offer Ukraine a significant financial boost in the form of a $50 billion loan, which would be repaid using profits generated from frozen Russian assets. This offer, however, is contingent on the European Union’s ability to extend its sanctions against Moscow indefinitely, as
Economy
Mikhail Krutikhin, an oil and gas market analyst, explained to NV why the $60 price cap does not stem the flow of petrodollars into the budget of the aggressor country. Russian exporters have mastered the art of circumventing the so-called $60 per barrel price cap imposed by Western governments as
Economy
The Group of Seven (G7) countries, alongside the European Union, are exploring strategies to enhance pressure on banks that facilitate Russia’s evasion of international sanctions. This issue is set to be a key topic at the upcoming G7 summit in mid-June, according to insights from informed sources reported by
Economy
French President Emmanuel Macron has taken personal steps to persuade Canadian Prime Minister Justin Trudeau to relax sanctions against Russia, particularly to benefit aerospace companies like Airbus that rely on Russian titanium. An insider close to the French leader revealed that Macron exerted "significant efforts" to convince Trudeau