Economy
In a significant development amidst ongoing international tensions, German authorities have arrested a central German entrepreneur on suspicion of supplying Russia with engines for Orlan-10 drones, in violation of sanctions. The suspect is currently under investigation. The Frankfurt Prosecutor's Office and the Main Customs Office in Bonn provided
Economy
On the night of October 25th, the quiet atmosphere in the Khmelnytsky region was disrupted by the ominous sound of drones in the sky. In a somber address, Ukrainian President Volodymyr Zelensky confirmed the fears of many: the Khmelnytsky Nuclear Power Plant (NPP) had been targeted. "The city of
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In a stunning turn of events, Ukrainian President Volodymyr Zelensky has forced the Russian leadership to announce the creation of a new base for their Black Sea Fleet, effectively pushing the Russian naval presence out of the Western part of the Black Sea. This historic achievement by the Ukrainian Armed
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The United States and the European Union are collaborating and mobilizing international partners to weaken Russia's economic ability to maintain and develop its military-industrial complex and continue its aggressive war against Ukraine. This collaborative effort aims to safeguard Ukraine's territorial integrity, sovereignty, and independence by targeting
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The European Commission and EU member states have resumed discussions on the 12th package of sanctions against Russia, signaling a renewed effort to address the ongoing war in Ukraine. These consultations are set to take place over the weekend, with a focus on ironing out the details of the sanctions
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This week, G7 nations are set to deliberate on four proposals for banning Russian diamonds from the markets of the "Group of Seven" starting from January 1. These proposals range from self-regulation to stringent import measures, revealing the discord that has made reaching a consensus on the ban
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The Estonian government has given its approval to a bill that will be sent to parliament, amending the International Sanctions Act. This amendment outlines the domestic rules for utilizing frozen assets of individuals under sanctions to compensate for the damage caused by Russia's war in Ukraine. According to
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In a collective effort, G7 countries have frozen approximately $280 billion in Russian assets with a commitment to maintain this freeze until Russia compensates Ukraine for the damage inflicted during the war. This resolute stance is articulated in a joint statement [https://www.consilium.europa.eu/en/press/press-releases/2023/
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James Cleverly, the UK's Foreign Secretary, has announced [https://www.gov.uk/government/news/uk-announces-new-sanctions-in-response-to-russian-sham-elections-in-ukraine] fresh sanctions in response to Russia's organized pseudo-elections in the occupied territories of Ukraine. Eleven new individuals will be added to the UK's sanctions list in light of Russia&
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Russian repair workshops and private technicians are experiencing a surge in demand, with service requests rising by 20-100% in the past year, depending on the type of device, CNews reports. This trend can be attributed to several factors, including the impact of the Russian war in Ukraine, as a result
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The Estonian government has voiced its support for a proposal within the European Union's twelfth package of sanctions, suggesting a full trade embargo with Russia. Estonian Minister of Foreign Affairs Margus Tsahkna stated that Tallinn is urging the European Union to impose a comprehensive trade embargo against Russia,
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Ingka, the owner of IKEA, has reached an agreement to sell its Russian portfolio of shopping centers, MEGA, to a subsidiary of Gazprombank, as stated in the company's announcement [https://www.ingkacentres.com/en/newsroom/ingka-centres-sells-its-russian-portfolio-of-shopping-centres/] . Delays in the asset sale were attributed to the scale of the