Economy
The Latvian State Revenue Service (VID) has initiated more than 250 criminal proceedings for violations of sanctions imposed against Russia and Belarus. This development highlights the ongoing efforts of Latvia to enforce international sanctions amidst the geopolitical tensions in the region. Deputy Director-General of VID for Customs Matters, Raimonds Zukuls,
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 is reportedly preparing to impose an embargo on Russian aluminum as part of its 13th package of sanctions, as per information from Politico. This move marks a significant step in the EU's ongoing efforts to respond to the geopolitical landscape with economic measures. The challenge
Economy
In a significant development within the Parliamentary Assembly of the Council of Europe (PACE), official proceedings have been initiated to potentially limit the rights of Azerbaijan in this esteemed forum. This move, pre-coordinated among groups and national delegations, marks a critical juncture in the Assembly's approach to the
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
Economy
In a recent evening video address, Ukrainian President Volodymyr Zelensky emphasized the urgent need for a comprehensive and active response to sanctions evasion by Russia. His statement highlighted the ongoing use of critical foreign-made components in Russian missiles, underscoring the global nature of the conflict and the importance of international
Economy
As of January 17, 2024, the international community, particularly Western nations, remain engaged in a complex and unprecedented discussion regarding the confiscation of Russian assets, estimated at $300 billion, to assist Ukraine. This deliberation was notably highlighted at the recent World Economic Forum in Davos, as reported by Reuters, citing
Economy
In a significant development, the Finnish Defense Minister Antti Häkkinen has expressed his intention to implement a comprehensive ban on real estate transactions involving Russian citizens. This statement underscores Finland's increasing scrutiny over foreign property ownership, especially in the context of its national security concerns. Legal Solutions and
Economy
Introduction: Russia's largest private oil company, Lukoil, has halved the production of high-octane gasoline at its Nizhny Novgorod refinery, according to a report by the reputable Russian newspaper "Kommersant." This development, occurring amidst escalating global tensions and economic sanctions, signals a significant shift in both the
Economy
Amidst the complex geopolitical landscape, a key Russian manufacturer of unmanned aerial vehicles (UAVs), known for producing the "Orlan-10" reconnaissance drones, is reportedly increasing its production volumes. This expansion is particularly noteworthy as it comes in the face of international sanctions and a reliance on Western components, a
Economy
On January 11, the United States Department of the Treasury escalated its sanctions regime by targeting Vladimir Mikhaichik, the General Director of the Russian state-owned airline "224 Flight Unit." This move comes amid an ongoing investigation in Ukraine over Mikhaichik's alleged complicity in Russia's
Economy
Introduction: In a recent development, the National Agency for the Prevention of Corruption (NAPK) has listed the American multinational fast-food franchise Subway as an international sponsor of war, raising significant ethical and corporate responsibility concerns. With over 500 outlets in the aggressor's market, Subway's operations in