Economy
The Group of Seven (G7) countries, alongside the European Union, are exploring strategies to enhance pressure on banks that facilitate Russia’s evasion of international sanctions. This issue is set to be a key topic at the upcoming G7 summit in mid-June, according to insights from informed sources reported by
Economy
French President Emmanuel Macron has taken personal steps to persuade Canadian Prime Minister Justin Trudeau to relax sanctions against Russia, particularly to benefit aerospace companies like Airbus that rely on Russian titanium. An insider close to the French leader revealed that Macron exerted "significant efforts" to convince Trudeau
Economy
On Wednesday, May 29, U.S. Deputy Treasury Secretary Wally Adeyemo arrived in Kyiv to engage in critical discussions about reinforcing sanctions against Russia and the management of profits from frozen Russian assets. This high-level visit underscores the strategic importance of U.S.-Ukraine relations, particularly in the context of
Economy
On May 29, 2024, the Hungarian government signed an agreement with Belarus to assist in the construction of the "Paks II" nuclear power plant, a project being undertaken by the Russian state corporation Rosatom. This announcement was made in Minsk by the Hungarian Foreign Minister, Peter Szijjarto, as
Economy
The European Union (EU) has adopted a new set of sanctions against Russia in response to the death of opposition leader Alexei Navalny, signifying a significant step in the international response to human rights violations within Russia. Background and Implications of Navalny’s Death On February 16th, the Russian Federal
Economy
Hungary has recently blocked a European Union (EU) plan to allocate revenues from frozen Russian assets towards purchasing arms for Ukraine. This development was disclosed by five individuals present at an EU ambassadors' meeting on Wednesday, as reported by Financial Times and relayed by European Pravda. Following extensive deliberations,
Economy
As the European Union continues to tighten its grip on Russian economic activities amid ongoing geopolitical tensions, significant disagreements have surfaced among member states regarding proposed sanctions against Russia's "shadow fleet." This fleet is reportedly comprised of semi-legal oil tankers that are part of Russia'
Economy
In June, the United States is set to announce a tender worth $3.4 billion for the supply of low-enriched uranium necessary for nuclear fuel production, exclusively from local companies. This move is part of a broader strategy to revitalize the domestic nuclear fuel industry and reduce dependency on Russian-imported
Economy
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.
Economy
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
Economy
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
Economy
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