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
Economy
In a significant move within the European Union, France and the Netherlands are reportedly spearheading efforts to impose sanctions on all financial institutions that facilitate Russia's financial operations to pay for goods, components, or technologies utilized in its military-industrial complex. This information comes from reliable sources cited by
Economy
In a written interview with China's Xinhua news agency ahead of his visit to China, Russian President Vladimir Putin reiterated his narratives concerning the war with Ukraine, again demanded guarantees for aggressor nation Russia, and expressed grievances over the imposed sanctions. Putin stated, "We want a comprehensive,
Economy
The U.S. Treasury Secretary, Gina Raimondo, recently highlighted the significant impact of American sanctions on Russia during her testimony in Congress, as reported by Voice of America. The sanctions have notably slowed down Russian progress by limiting its access to essential microchips, forcing the country to repurpose those found
Economy
In a significant enforcement of international sanctions, Lithuania's customs authority has imposed a hefty fine of €329,944 on a local company found to be trading with Russian enterprises that are under international sanctions. This landmark case marks the first time such a penalty has been applied, signaling
Economy
Mikhail Samus, Director of the New Geopolitics Research Network, recently discussed on Radio NV how Western support is impacting the battlefield dynamics and why Russia continues to feel relatively comfortable amidst ongoing conflicts. Highlighting the resilience of Ukraine, Samus emphasized that the international community has recognized Ukraine's unwavering
Economy
On Wednesday, ambassadors from the 27 European Union member states will deliberate on the proposed 14th sanctions package against Russia. According to a report by Politico and published by European Truth, this package centers on curbing Moscow's revenues from its liquefied natural gas (LNG) exports. The European Commission
Economy
Russia has been circumventing international sanctions, successfully acquiring nearly $500 million worth of foreign aviation components since 2022, including those for military aircraft. Details emerged that Yakovlev, a producer of both military and civilian aircraft and a subsidiary of the Russian state defense conglomerate Rostec (formerly Irkut), has been sidestepping