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
Economy
In a significant development, Slovakia and Hungary have announced the cessation of oil imports from the Russian company Lukoil following the intensification of Ukrainian sanctions against the firm. This decision underscores the geopolitical complexities and economic repercussions of ongoing regional conflicts. Source: "European Truth" Details: Both Slovakia and
Economy
Starting July 16, 2024, Latvia will implement a new ban on the entry of cars with license plates issued in Belarus. This decision, taken by the Latvian State Revenue Service, is a response to the current sanctions imposed by the European Union and aims to support measures that reduce the
Economy
On July 8, the Swiss Federal Department of Economic Affairs, Education, and Research (EAER) announced the expansion of its sanctions lists against Russia, aligning with additional sanctions recently imposed by the European Union (EU). This measure is a response to the ongoing military aggression by Russia against Ukraine, which has
Economy
In the wake of escalating tensions resulting from the conflict with Ukraine, the West has imposed what can now be considered total sanctions against Russia. Oleg Deripaska, a Russian oligarch on the sanctions list, has pointed out that these developments have drastically altered the economic landscape for Russia, necessitating a
Economy
Moldova faces a complex geopolitical challenge as it navigates its relationship with the European Union and its stance on sanctions against Russia. Foreign Minister Mihai Popșoi recently articulated this delicate balance in an interview with TV8, highlighting the intricacies of Moldova’s position on aligning with the EU’s comprehensive
Economy
On June 29, the Council of the European Union implemented new economic sanctions against Belarus, aimed at mirroring some of the restrictive measures previously imposed on Russia. This decision was made to address the issue of circumventing existing sanctions. Expanding Restrictions on Dual-Use and Advanced Technologies The Council of the
Worldwide
In a recent statement, the US State Department, represented by spokesperson Matthew Miller, expressed a strategic preference for increasing sanctions and export restrictions over designating Russia as a state sponsor of terrorism. This approach, they argue, is more effective in holding Russia accountable for its actions. Strategic Considerations "Continuing
Economy
In the heart of New York, a legal drama unfolds over the fate of the superyacht Amadea, a lavish 106-meter vessel linked to sanctioned Russian oligarch Suleyman Kerimov. Despite the U.S. government's desire to auction off the yacht and redirect the proceeds to Ukraine, the Southern District
Economy
The United States Department of the Treasury announced on June 12 the imposition of sanctions on over 100 Russian companies involved in Russia's military-industrial complex. This move marks a significant escalation in the economic pressure being applied by the U.S. against Russia's military apparatus. According
Economy
The United States is set to unveil new sanctions and export control measures against Russia during the upcoming G7 summit, which is scheduled to take place in southern Italy later this week, according to White House spokesperson John Kirby. Background of the G7 Summit The annual G7 summit, representing the
Economy
In a daring move to circumvent international sanctions, a Russian oil tanker undertook a 12,000-kilometer voyage to execute a clandestine oil transfer near Singapore. This intricate operation highlights the lengths to which Russia is going to maintain its oil trade despite stringent Western sanctions. The Russian tanker, named "