Economy
The U.S. Treasury Secretary, Gina Raimondo, recently highlighted the significant impact of American sanctions on Russia during her testimony in Congress, as reported by Voice of America. The sanctions have notably slowed down Russian progress by limiting its access to essential microchips, forcing the country to repurpose those found
Economy
In a significant enforcement of international sanctions, Lithuania's customs authority has imposed a hefty fine of €329,944 on a local company found to be trading with Russian enterprises that are under international sanctions. This landmark case marks the first time such a penalty has been applied, signaling
Economy
Mikhail Samus, Director of the New Geopolitics Research Network, recently discussed on Radio NV how Western support is impacting the battlefield dynamics and why Russia continues to feel relatively comfortable amidst ongoing conflicts. Highlighting the resilience of Ukraine, Samus emphasized that the international community has recognized Ukraine's unwavering
Economy
On Wednesday, ambassadors from the 27 European Union member states will deliberate on the proposed 14th sanctions package against Russia. According to a report by Politico and published by European Truth, this package centers on curbing Moscow's revenues from its liquefied natural gas (LNG) exports. The European Commission
Economy
Russia has been circumventing international sanctions, successfully acquiring nearly $500 million worth of foreign aviation components since 2022, including those for military aircraft. Details emerged that Yakovlev, a producer of both military and civilian aircraft and a subsidiary of the Russian state defense conglomerate Rostec (formerly Irkut), has been sidestepping
Economy
The Chinese Foreign Ministry has announced plans to take "necessary measures" in response to the recent imposition of US sanctions against Chinese companies accused of assisting Russia in acquiring weaponry for its ongoing conflict in Ukraine. According to a statement from an unnamed representative of the Chinese Ministry
Economy
The United States has introduced a new set of sanctions targeting the Russian military-industrial complex and its programs for the development and production of chemical and biological weapons. The sanctions also affect entities within third-country jurisdictions that assist the aggressor nation in acquiring resources necessary for arms production. This information
Economy
Russian company Sovcomflot has renamed several of its oil tankers after they were targeted by United States sanctions. This move was reported by Bloomberg, highlighting a common practice among sanctioned entities to avoid detection and maintain operational capabilities. According to the report, at least four tankers have not only changed
Economy
In a recent development, Italy has expressed its support for the European Union's proposed 14th package of sanctions against Russia, which includes a ban on Russian liquefied natural gas (LNG). Gilberto Pichetto Fratin, Italy's Minister of Energy, confirmed the country's stance, highlighting Italy'
Economy
During his visit to Beijing, U.S. Secretary of State Antony Blinken confirmed that the White House is prepared to impose new sanctions against China should it continue to support Russia in its full-scale war against Ukraine. This development underscores the escalating tensions between the United States and China over
Economy
In a move reflecting ongoing concerns over international business operations in Russia amidst geopolitical tensions, a group of European Parliament members has penned an open letter urging Austrian authorities to intervene with Raiffeisen Bank International's plans to expand its workforce in Russia. This plea highlights the contrast between
Economy
The European Commission is gearing up to introduce sanctions targeting vessels delivering North Korean military equipment to Russia, as well as tankers that breach the G7-imposed price cap on Russian oil, according to sources cited by Reuters. This move is part of the Commission's ongoing efforts to formulate