Economy
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&
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
Economy
The United States is reportedly formulating sanctions that could sever some Chinese banks from the global financial system, aiming to halt Beijing's support for Russia's defense industry. According to sources cited by "European Truth" and the Wall Street Journal, these measures are being considered
Economy
Despite international sanctions against Russia, a French company based in Châteauroux continues to supply advanced avionics to Russian aircraft, specifically those used by key figures in the Russian military and political leadership. These aircraft are not just any vessels; they are used by the main instigators of the war—high-ranking
Economy
In a move poised to escalate tensions between longstanding allies, the United States is reportedly on the verge of announcing sanctions against a specific unit of the Israel Defense Forces (IDF) this Monday. This decision, which has elicited sharp criticism from Israeli leaders, marks the first instance in which the
Economy
The U.S. House of Representatives is currently reviewing the "21st Century Peace through Strength Act," a proposed bill announced by Ukrainian Ambassador to the U.S., Oksana Markarova. This legislation seeks to enable the confiscation of Russian sovereign assets for the benefit of Ukraine and to broaden