In the face of mounting Western sanctions designed to cripple its economy, Russia has demonstrated a striking resilience, particularly within its energy sector. February saw a dramatic surge in the country's earnings from oil and gas sales, leaping by more than 80% compared to the previous year, and
In an unprecedented turn of events for Russia's aviation sector, one of its largest carriers, Rossiya Airlines, reported a staggering 41-fold increase in net losses for the year 2023, totaling 21.6 billion rubles. This financial downturn has caught the attention of industry analysts and stakeholders, especially given
In a significant move that underscores the continuing tension between Russia and the European Union, Lithuania has issued a stark warning to owners of vehicles registered in Russia. According to Lithuanian customs authorities, all vehicles with Russian registration numbers must leave Lithuania and the entire territory of the European Union
Switzerland has officially aligned itself with the European Union's 13th round of sanctions against Russia, marking a significant move in the international response to the ongoing military aggression by Russia against Ukraine. The Swiss Federal Council announced this step, highlighting the nation's commitment to joining the
Japan has stepped up its response to Russia's war against Ukraine by imposing new sanctions on 12 individuals and 36 organizations linked to the Russian Federation, as announced by Andriy Yermak, the head of the President's Office, via Telegram and reported by Ukrinform. This latest sanction
In a significant move, New Zealand has announced a new package of sanctions against Russia, marking another step in the ongoing international sanction response to Russia's illegal invasion of Ukraine in February 2022. This announcement, detailed on the New Zealand government's website, underscores the country'
In a significant shift in the Russian retail landscape, the last standing stores of prominent global brands LG, Sony, and Bosch are shuttering their doors, signaling the end of an era for these household names in the country. The closures come amid a backdrop of logistical challenges and a changing
In an important development reported by European Pravda, Wally Adeyemo, the Deputy Treasury Secretary of the United States, in an interview with Reuters, revealed that the threat of sanctions against financial institutions has significantly influenced the flow of funds between Russia and countries like Turkey, the United Arab Emirates, and
In a move that could reshape the agricultural landscape within the European Union (EU), Ukraine has escalated its call for a ban on the sale of Russian agricultural products within the EU. This proposal, aimed at countering the influx of Russian goods that compete with local produce, has garnered attention
In a recent development, the European Union's Permanent Representatives have approved the extension of current sanctions against Russia and Belarus for another six months. This decision comes amidst Hungary's unsuccessful attempt to remove the names of three Russian oligarchs, specifically Alisher Usmanov, Vyacheslav Kantor, and Dmitry
In a significant development following the European Union foreign ministers' meeting on February 19, Hungary's Foreign Minister Peter Szijjarto announced that Budapest would not obstruct the adoption of the EU's 13th package of sanctions against Russia. This statement, sourced from "European Pravda" based
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
In a recent development that has caught the attention of financial markets and international policymakers, Euroclear, the prominent international depository, has voiced its apprehensions regarding the proposal to utilize frozen Russian assets to issue debt obligations for Ukraine. This proposal, currently under discussion by the G7 nations, aims to leverage
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
The European Union is contemplating imposing sanctions on North Korea for supplying missiles to Russia, which Russia allegedly employs against Ukraine, as reported by Bloomberg citing documents reviewed by "European Truth." The proposal entails adding the North Korean defense minister and the Main Missile Bureau—a governmental body