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European Union Extends Individual Sanctions Against Russia for Six Months

The European Council has decided to prolong individual measures targeting those responsible for undermining or threatening the territorial integrity, sovereignty and independence of Ukraine for six more months. This was reported [https://www.consilium.europa.eu/en/press/press-releases/2023/03/13/ukraine-s-territorial-integrity-sovereignty-and-independence-eu-renews-individual-restrictive-measures-for-six-months/] on the website of the EU Council.

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The US and Its Allies Have Frozen More than $58 Billion of Russian Assets

The United States and its allies have blocked or seized more than $58 billion in assets owned or controlled by Russian citizens. This includes Russians who have been subject to sanctions. This is reported [https://home.treasury.gov/news/press-releases/jy1329] on the U.S. Department of the Treasury’s

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Japan and Poland Agree to Impose New Sanctions Against Russia

Japanese Prime Minister Fumio Kishida and Polish Prime Minister Mateusz Morawiecki have agreed [https://japantoday.com/category/politics/japan's-kishida-in-poland-for-talks-after-visit-to-ukraine] to jointly increase support for Ukraine. They plan to introduce new sanctions against Russia. > “Bearing in mind the increasing burden on Poland due to the prolonged invasion of

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Turkey Has Stopped Servicing Aircraft from Russia and Belarus Airlines

Turkey stopped servicing and refueling more than two dozen Boeing and Airbus planes used by airlines from Russia and Belarus. The Ministry of Customs and Trade of Turkey took such a decision after receiving a letter from the U.S. Department of Commerce. The list of companies the restrictions were

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Nasdaq to Delist the Shares of Russia’s Yandex, Qiwi, Ozon, and HeadHunter

The American stock exchange NASDAQ plans to delist the shares of Yandex, Ozon, Qiwi and HeadHunter. This was reported on its official site. Yandex has already announced its intention to challenge the decision. The company also said that the delisting of the shares will not affect its work. NASDAQ suspended

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Turkey Halted the Transit of Sanctioned Goods to Russia

After a year of Russia’s unprovoked war in Ukraine and increased pressure on Ankara from the United States and Europe, this month, Turkey has stopped the transit of sanctioned goods to Russia. This is reported [https://www.reuters.com/world/middle-east/turkey-halts-transit-sanctioned-goods-russia-exporter-diplomat-2023-03-20/] by Reuters. The Turkish government gave companies

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Canada Bans Russian Aluminum and Steel Imports

The Canadian government has announced [https://www.canada.ca/en/department-finance/news/2023/03/canada-bans-russian-aluminum-and-steel-imports.html] a ban on imports of Russian steel and aluminum as part of the sanctions for Russia's full-scale invasion of Ukraine. The sanctions apply not only to steel and aluminum, but also to

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Leroy Merlin Owner to Transfer Russian Business to Local Management

French company Adeo, the owner of retailer Leroy Merlin, announced [https://www.adeo.com/en/news/adeo-announces-its-intention-to-transfer-control-of-leroy-merlin-russia-to-the-local-management/] its plans to transfer the control over Leroy Merlin Russia to the local management. > "After more than 18 years of activity in Russia, transferring control of Leroy Merlin to the local

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US Sanctions May Lead to Higher Prices and Shortage of Equipment on the Russian Market

Foreign importers, who are the main suppliers of parallel import equipment, might soon begin to refuse to cooperate with Russian distributors, Izvestia writes. This will lead to a significant increase in the cost of equipment and its deficit. The reason for this is the new U.S. sanctions that impose

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The US Imposes New Sanctions and Trade Restrictions on Russia

The United States have expanded export restrictions on Russia, according to a report [https://sanctionsnews.bakermckenzie.com/us-government-imposes-new-sanctions-export-controls-and-tariffs-targeting-russia-and-belarus-to-mark-one-year-anniversary/] from the U.S. Department of Commerce. Restrictions apply to goods made in the United States, but any product in which American technology or components account for 25% is considered as such.

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Belgium Froze Russian Assets Worth 58 Billion Euros

The total amount of assets of Russian individuals and legal entities frozen in Belgium over the past year since the beginning of a full-scale invasion of Ukraine by Russia is 58 billion euros. This is noted in the statement [https://vanpeteghem.belgium.be/nl/1-jaar-sancties-tegen-rusland-58-miljard-euro-bevroren-en-tienduizenden-containers-gecontroleerd] of the Belgian Minister of

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The US and EU Are Working on Sanctions Against Russian Diamond Industry

Representatives of the United States of America and the European Union discussed the imposition of sanctions on Russia’s diamond industry during a meeting with the heads of leading diamond companies. This was stated [https://www.state.gov/state-department-and-european-commission-engage-diamond-industry-to-discuss-next-steps-on-russian-diamonds/] on the official website of the US Department of State. Specifically,