The United States is considering imposing further sanctions on Russia and has not ruled out anything, Secretary of State Anthony Blinken said tonight. Stating that “everything is on the table”, the head of US diplomacy commented, however, that the imposition of energy sanctions on Russia would have the direct effect of reducing global supply and […]
Tag: sanctions
Fraport suspends operations in Russia – Hermès ‘temporarily closes’ stores
The airport management company Fraport is suspending its activity in St. Petersburg due to the Russian invasion of Ukraine, it was announced today in Frankfurt. “There is no excuse for Russian forces to attack Ukraine. We condemn this war as an armed attack on a sovereign state and its people – as a clear violation […]
R. Habeck: Significant consequences for the German economy due to sanctions in Russia
Federal Economy and Climate Policy Minister Robert Habeck warned today that sanctions against Russia would have “significant” consequences for the German economy, but also announced a program to support businesses affected. The consequences of sanctions and war are “clearly predictable and in part already felt,” Mr Habeck said, noting that “small cuts” could ultimately have […]
Ukraine: The legal challenges of British sanctions
For Boris Johnson, these may be the toughest sanctions Britain has ever imposed on Russia, but their implementation in practice is hampered by obstacles. The British sanctions on Russia are, as Boris Johnson said, “the toughest Britain has ever imposed on Russia.” Legal obstacles, however, not only make it difficult to implement in practice but […]
Commission-K. Simpson: EU sanctions will gradually reduce Russia’s oil revenues
European Union sanctions on Russia over its invasion of Ukraine will gradually hurt Moscow’s oil revenues, despite not directly targeting Russian oil and gas exports, the EU’s energy chief said today. . The EU has imposed several sanctions on Russia, including a ban on exports of certain refining technologies to Russia from Europe, making modernizing […]
French authorities seize yacht linked to Setsin of Russian oil company Rosneft
French authorities have seized a yacht linked to the head of the Russian oil company Rosneft Igor Setsin – a close ally of Russian President Vladimir Putin – in the Mediterranean port of La Ciota, Finance Minister Bruno Lemerre said today. The development became known as Western states impose massive sanctions, including “freezing” assets, to […]
Goldman Sachs: The Impact on the European Economy of SWIFT’s Exclusion of Russia
Her Eleftherias Kourtali The main concern for the EU economy in relation to Russia’s exclusion from SWIFT is the possible retaliation, according to which the Russian government would put pressure on energy exporting companies to reduce their exports to Europe and their production in general. as Goldman Sachs points out in its current analysis. This, […]
Where the Russian oligarchs ‘hide’ their luxury yachts
By Giacomo Tognini Russian tycoons have been in the spotlight since February 24, when Vladimir Putin’s military forces invaded Ukraine. In his speech on the “State of the Union” on Tuesday, US President Joe Biden sends clear message to Russian oligarchs that his government will work with European countries to seize “their yachts, their luxury […]
The Russian economy is suffering from a barrage of sanctions
Airspace closure, freezing of assets of individuals or companies, review of financial or trade relations: since the start of hostilities in Ukraine, Western countries have increased economic sanctions against Vladimir Putin, his environment and the Russian economy. The financial sector Western countries are turning their attention to the financial sector in the search for effective […]
Asia: The big neutral in Russian-Ukrainian
By Costas Raptis The former single “world village” is fragmented. EU-led Western sanctions against Russia following its invasion of Ukraine, and the ensuing sanctions, herald the creation of two distinct worlds with minimal interaction, not just political and non-political. economic, but also in the cultural and social fields. But there are others who are watching […]