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
Economy
In a significant development during a summit held in Brussels, leaders of the European Union have decided to implement new sanctions against Iran. This decision comes in the aftermath of a recent attack on Israel, marking a pivotal moment in EU foreign policy. According to "The Times of Israel,
Economy
PepsiCo, the American multinational food, snack, and beverage corporation, is facing a complex situation as it restructures its business operations in Ukraine while maintaining its presence in Russia. This strategic move, concentrating its business activities in Ukraine through one of its subsidiaries, is drawing significant attention due to the broader
Economy
In response to a large-scale assault using rockets and drones by Iran against Israel last weekend, the European Union is deliberating on the implementation of new sanctions against Iran. According to sources from "European Pravda" with reference to the Financial Times, these discussions have been prompted by Iran&
Economy
In his recent evening address, Ukrainian President Volodymyr Zelensky highlighted the escalating confidence among Russian forces, attributing it to the U.S. Congress's delays in approving vital aid for Ukraine and the ongoing ability of Russia to circumvent international sanctions. Zelensky expressed a dire need for action, emphasizing
Economy
On April 10, 2024, a significant decision by the European Union Court found in favor of Russian oligarchs Petr Aven and Mikhail Fridman, leading to the annulment of the sanctions imposed against these billionaires during 2022-2023. This ruling has sparked a wide range of reactions and opened up discussions about
Economy
In a recent declaration, Valdis Dombrovskis, the Vice-President of the European Commission, confirmed the European Union's initiation of work on its fourteenth package of sanctions against Russia. This move comes in response to Russia's full-scale invasion of Ukraine, highlighting the EU's ongoing efforts to