Russia is trying, but failing, to circumvent Western sanctions on high-tech goods for its military and energy sector and is struggling to get international funding, US State Department sanctions coordinator James O’Brien said today. Europe, the United States, Canada, Japan and Britain have imposed a raft of sanctions on Moscow since its invasion of Ukraine […]
Tag: sanctions
Russia: The EU’s decision to suspend the visa agreement is ‘ridiculous’
The EU’s decision to completely suspend its visa facilitation agreement with Russia is “ridiculous”, the Kremlin said today. Kremlin spokesman Dmitry Peskov added that Moscow was now considering ways to respond. EU foreign ministers yesterday agreed to completely suspend that deal with Russia because of its invasion of Ukraine, meaning Russians will have to wait […]
I. Kasoulidis: Taking measures against the Putin regime that will not harm the Russian people
The importance of taking measures directed against the Putin regime, without harming or having a negative impact on the Russian people, was highlighted by the Minister of Foreign Affairs of Cyprus Ioannis Kasoulidis. During the work of the informal Council of EU Foreign Ministers (Gymnich) held in Prague and regarding the Russian invasion of Ukraine […]
Russia: The economy shrank by just 0.4% in the first half
Russia’s economy shrank by 0.4% in the first six months of 2022, compared to the same period last year, with capital investment – one of the main drivers of economic growth – increasing by 7.8%, according to with the data announced by the country’s federal statistical agency Rosstat on Wednesday. Russia’s export-dependent economy is slowly […]
US ‘bell’ to Turkey Business Federation: Don’t cooperate with Russians, sanctions are coming
The Business Federation of Turkey (TUSIAD) has received a letter from US Deputy Treasury Secretary Wally Adeyemo warning of potential risks of sanctions if companies establish relationships with sanctioned Russian entities and individuals. In a statement, TUSIAD said on Tuesday that it had shared the letter with the Turkish Foreign Ministry, Finance Ministry and Trade […]
Zelensky wants sanctions on Russia’s nuclear power industry
Ukrainian President Volodymyr Zelensky called on the West on Saturday night to impose sanctions on Russia’s nuclear industry, amid an exchange of blame between Kyiv and Moscow over attacks on Ukraine’s Zaporizhia nuclear power plant, Europe’s largest. Russia is using this factory in southern Ukraine to terrorize the world and blackmail the Ukrainian political leadership […]
Germany: No Swing on Russia Sanctions – No Chance of Nord Stream 2 ‘Revival’
German Chancellor Olaf Scholz and his government see no wavering in support for sanctions against Russia, even though electricity bills are expected to jump further, a German government spokesman said on Monday. “We have difficult months ahead of us,” said the spokesman, adding that “it is clear that we stand with dynamism on the side […]
China sanctions Taiwan after Pelosi arrives
Beijing will impose sanctions on two institutions from Taiwan, banning their financial cooperation with mainland Chinese companies and individuals, Ma Xiaoguang, a spokesman for China’s Taiwan Affairs Office, said on Tuesday. These are the Taiwan Foundation for Democracy and the Taiwan International Cooperation and Development Fund, Ma said. At the same time, the Ministry of […]
Russia’s Resilience Temporary – Risks ‘Financial Oblivion’, Economists Warn
The resilience of Russia’s economy to Western sanctions as a result of its invasion of Ukraine is temporary, many economists say, warning that the country is facing “economic oblivion”. The International Monetary Fund last week revised upward its forecast for Russia’s GDP in 2022 by 2.5 percentage points, estimating that the Russian economy will ultimately […]
USA: New sanctions against Russian oligarchs – Alina Kabaeva is also on the list
The US Treasury today included Alina Kabaeva in the list of sanctions it has imposed against Russia. The 39-year-old was a great athlete in Rhythmic Gymnastics (two Olympic medals), got involved in politics and became a member of the ruling party “United Russia”. Information has come to light from time to time about her alleged […]