sanctions against Russia

Greater than sixteen thousand blocks, the result’s zero; Russia is shedding Western restrictions

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Greater than sixteen thousand blocks, the result’s zero; Russia is shedding Western restrictions

1000’s of sanctions had been imposed on Russia after it invaded Ukraine. The one purpose was to destroy Russia economically. However two years later, the Russian economic system continues to be making outstanding progress, in response to experiences. and is anticipated to develop sooner than superior economies. How is Russia nonetheless thriving economically whereas nonetheless … Read more

Chinese Banks ICBC and CCB Reject Payments from Russian Sanctioned Institutions – Impact of New Sanctions on Russian Clients

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Chinese Banks ICBC and CCB Reject Payments from Russian Sanctioned Institutions – Impact of New Sanctions on Russian Clients

ICBC, CCB and Bank of China rank first, second and fourth in terms of assets in China. Banks notified Russian clients that they would stop accepting payments from the beginning of January 2024. It is noted that transactions with non-sanctioned credit institutions continue. According to a source in the Russian bank, ICBC and CCB reject … Read more

Hungary’s Veto on EU Aid to Ukraine Sparks Tension and Economic Concerns

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Hungary’s Veto on EU Aid to Ukraine Sparks Tension and Economic Concerns

The EU has warned Hungary that if it does not lift its veto on aid to Ukraine at the February 1 summit, other EU countries will publicly declare that they will not provide financial assistance to Hungary. This could lead to investors being less interested in investing in Hungary, which could cause the Hungarian forint … Read more

President Zelensky Imposes Sanctions on Russian Citizens Using Ukrainian Documents, EU Also Introduces New Sanctions

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President Zelensky Imposes Sanctions on Russian Citizens Using Ukrainian Documents, EU Also Introduces New Sanctions

Saturday 30 December 2023 21:51 Photo: President Vladimir Zelensky (Vitaly Nosach, RBC-Ukraine) President Vladimir Zelensky put into effect the decision of the National Security and Defense Council to impose sanctions against six citizens of the Russian Federation. It appears that the sanctions were introduced due to the fact that they use Ukrainian documents in other … Read more

The Impact of International Companies Leaving the Russian Market: Alstom and Others

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The Impact of International Companies Leaving the Russian Market: Alstom and Others

According to TMH CEO Kirill Lipa, by the end of the year the French concern must withdraw from the company’s shareholders by selling 20% ​​of its shares. The remaining 80% of the shares of TMH’s main company, Transmashholding Limited, belong to Russian shareholders. In March 2022, Alstom announced the suspension of all supplies and future … Read more

Swiss Civil Aviation Service Provider SITA Decision to Stop Servicing Clients from Russia and Its Impact on Russian Aviation Industry

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Swiss Civil Aviation Service Provider SITA Decision to Stop Servicing Clients from Russia and Its Impact on Russian Aviation Industry

As pro-Kremlin media write, citing sources in the aviation industry, the Swiss civil aviation service provider SITA, which administers the .aero domain zone. , decided to stop servicing clients from Russia The companies received a corresponding message about this on November 10 from Ru-Center, one of the organizations authorized in Russia that registers the corresponding … Read more

New Economic Measures: Biden Administration Prepares Sanctions to Pressure Kyrgyzstan to Halt Trade with Russia

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New Economic Measures: Biden Administration Prepares Sanctions to Pressure Kyrgyzstan to Halt Trade with Russia

It is reported that a number of European and American diplomats visited the Kyrgyz capital Bishkek for several months, but the negotiations did not bring results. In this regard, the Biden administration is preparing new economic measures to put pressure on the country to stop trade with the Russian Federation. Sanctions or blacklisting of companies … Read more

U.S. Treasury Imposes Sanctions on Serbian Ex-Official Linked to Corruption and Russian Influence

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U.S. Treasury Imposes Sanctions on Serbian Ex-Official Linked to Corruption and Russian Influence

The U.S. Treasury Department’s Office of Foreign Assets Control imposed sanctions on a Serbian ex-official, which the agency said underscores the United States’ determination to prosecute those involved in self-interested corruption and damaging peace and stability in the Western Balkans. . In addition, these corrupt operations, according to the US Treasury Department, contribute to Russian … Read more

Russian Oligarchs’ Hidden Assets and International Connections Revealed Amid Sanctions

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Russian Oligarchs’ Hidden Assets and International Connections Revealed Amid Sanctions

Arkady and Boris Rotenberg, two influential oligarchs in Russia who have been supporters of Russian aggression against Ukraine, were included in the US sanctions list in 2014. The US Treasury stated that the Rotenbergs earned billions of dollars through contracts with Gazprom and the construction of Olympic facilities in Sochi. Following the US sanctions, the … Read more

Russian Sanctions Circumvention: How European Companies are Supplying Electronics for the War Against Ukraine

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Russian Sanctions Circumvention: How European Companies are Supplying Electronics for the War Against Ukraine

According to him, European companies sell electronics to other countries, which, in turn, resell it to Russia, and the sanctions do not yet take into account this supply channel. “Prior to early this year, Russia was able to reimport certain key categories of electronics at roughly pre-war levels,” O’Brien said. As they say, we are … Read more