Economy
In a continued effort to tighten global pressure on Russia amidst its ongoing full-scale war against Ukraine, the U.S. Department of State has introduced new sanctions targeting two companies and two vessels. These entities have been directly involved in the export of Russian liquefied natural gas (LNG), specifically through
Economy
In a significant development amid the ongoing conflict between Ukraine and Russia, Ukrainian President Volodymyr Zelensky announced that Ukraine has provided the Netherlands with detailed information regarding Western-made components found in Russian missiles. This exchange of intelligence underscores the complexities of enforcing international sanctions and highlights the ongoing challenges in
Economy
The recent wave of U.S. sanctions against Russia has already sent shockwaves through the country's financial sector, underscoring the global reach and effectiveness of these measures. The sanctions, which were implemented just before Ukraine's Independence Day, have targeted a wide range of entities, including some
Economy
China has expressed strong discontent over the latest U.S. sanctions imposed on Chinese companies allegedly aiding Russia in bypassing sanctions. These companies are accused of exporting dual-use goods that Russia utilizes in its war efforts against Ukraine. In response, China has vowed to take necessary measures to protect its
Economy
President of Ukraine Volodymyr Zelensky has signed a decree enforcing the National Security and Defense Council's (NSDC) decision from August 21, extending sanctions for 10 more years against several individuals, including Anatoliy Shariy, a blogger accused of treason, his wife Olga Shariy (Bondarenko), Igor Guzhva, the chief editor
Economy
Russia’s state-owned nuclear energy company, Rosatom, continues to bolster the country's budget through its subsidiary in the Netherlands. These additional revenues, in turn, contribute to financing Russia’s war efforts against Ukraine. According to a report published by Dutch media outlet NOS, the activities of Rosatom’s
Economy
The volume of oil supplies to Hungary, Slovakia, and the Czech Republic has remained steady despite Ukraine's sanctions against the transit of the Russian company Lukoil. This was reported by the chairman of the board of Naftogaz, Oleksiy Chernyshov, in an interview with NV. According to Chernyshov, there
Economy
Introduction Recent developments in Ukraine have marked a significant step towards economic independence and anti-corruption efforts. One such event is the decision by the Cabinet of Ministers of Ukraine to privatize a plant previously owned by Russian Senator Sergey Kalashnik. This plant, Motor-Detail-Konotop, has been included in the list of
Economy
In a significant move towards international cooperation in anti-corruption efforts, the Italian Financial Police (Guardia di Finanza) have confiscated assets worth €41 million belonging to Russian oligarch Alexey Fedorichev. Among these assets is the notable Torre del Gallo castle located in the picturesque region of Tuscany. This seizure, prompted by
Economy
Russian airlines are facing a significant reduction in their fleets of Western-made aircraft as a result of ongoing Western sanctions. The Moscow Times, citing data from Rosaviatsia, reports that from the end of October 2023 to June 26, 2024, the number of operational aircraft in the fleets of Russia'
Economy
The recent intensification of sanctions against Russia’s "Lukoil" in June has not affected the volume of oil transit through Ukraine, according to Alexey Chernyshov, head of "Naftogaz." Chernyshov made this statement during a Zoom meeting with investors on July 22, as reported by Forbes Ukraine.
Economy
Introduction In the shadow of international sanctions, the clandestine supply of microelectronics to Russia continues to persist, albeit with notable reductions. A recent Reuters report, based on data from the U.S. Department of Commerce, highlights that while these illegal shipments have diminished by a fifth this year, Hong Kong