In a significant development, the European Commission has announced plans for the first disbursement of superprofits derived from the use of frozen Russian assets within the European Union. This initial payment, expected in July 2024, marks a critical step in the EU's broader strategy of managing these assets.
In a significant escalation of tensions, the Chinese Ministry of Commerce has announced sweeping sanctions against three American defense firms, effectively banning them from conducting any import or export operations related to China, as well as from selling arms to Taiwan and making new investments in China. This development marks
The United States is reevaluating the strictest elements of the G7's ban on importing Russian diamonds following objections from African countries, Indian gem polishers, and jewelers in New York. Background: The sanctions package, agreed upon in December and inclusive of an EU-wide ban, represents one of the most
On May 15, the U.S. Department of the Treasury announced new sanctions targeting two individuals and three entities in Russia involved in facilitating weapons trade between Russia and North Korea, as reported by European Truth. This sanctions scheme is linked to Slovakian arms dealer Ashot Mkrtichev, who had previously
In a significant move within the European Union, France and the Netherlands are reportedly spearheading efforts to impose sanctions on all financial institutions that facilitate Russia's financial operations to pay for goods, components, or technologies utilized in its military-industrial complex. This information comes from reliable sources cited by
In a written interview with China's Xinhua news agency ahead of his visit to China, Russian President Vladimir Putin reiterated his narratives concerning the war with Ukraine, again demanded guarantees for aggressor nation Russia, and expressed grievances over the imposed sanctions. Putin stated, "We want a comprehensive,
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
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
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
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
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
The European Commission has circulated a draft proposal to EU member states for the 14th package of sanctions against Russia, which, among other measures, includes restrictions on the import of liquefied natural gas (LNG) from Russia, although a full embargo is not proposed. This latest sanctions initiative follows the EU&
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
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
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