Belarus said today it has the necessary funds to make its euro bond payments, but sanctions have prevented them from being made, Reuters reported. “There are funds. But we cannot carry out transactions because of the relevant actions of international financial institutions,” Prime Minister Roman Golovchenko said in a video released by the government’s press […]
Tag: sanctions
Moscow warns that new EU sanctions will hurt the global economy
Russia’s foreign ministry has denounced new sanctions imposed by the European Union on Moscow as “illegal” and warned they would have “catastrophic effects” on security and sectors of the global economy. EU diplomats on Thursday approved a new package of sanctions against Moscow over its invasion of Ukraine, including a ban on Russian gold imports […]
The EU continues to strengthen existing sanctions against Russia
The Council of Ministers approved new measures aimed at strengthening the existing economic sanctions against Russia, perfecting their implementation and enhancing their effectiveness. Today’s “maintenance and alignment” package introduces a new ban on the purchase, import or transfer, directly or indirectly, of gold if it originates in Russia and has been exported from Russia to […]
EU: Additional sanctions against Russia approved
Additional sanctions against Russia were approved. As the Czech presidency reports in a post on Twitter, EU permanent representatives approved the next package of sanctions in response to Russian aggression against Ukraine. The new measures will align the EU with G7 partners, strengthen their implementation and close gaps where needed. The new sanctions include a […]
A ceiling on the price of Russian oil? You’re late!
By Michael Lynch Some governments are pushing for a cap on the price of oil that Russia sells to them in order to punish it for invading Ukraine. (Question: What is the Russian word for “Ukrainian invasion”? Answer: “Siberia”) The rationale is that Moscow’s dwindling oil revenues will force it to the negotiating table. Unfortunately, […]
EU: And new sanctions against Russia
In today’s meeting, held in Brussels, the Minister of Foreign Affairs of Ukraine, Dmytro Kuleba, will also participate via video conference. The most important measure of today’s new package of sanctions, based on a relevant Commission proposal, is the imposition of an embargo on gold markets from Russia. The Commission’s proposal also envisages strengthening export […]
Kommersant: Canada sent Nord Stream turbine to Germany on July 17
Canada sent a turbine for the Russian-German Nord Stream gas pipeline to Germany by air on July 17 after undergoing repair work, Kommersant newspaper reported on Monday, citing people with knowledge of the situation. It will take another five to seven days for the turbine to reach Russia, if there are no other issues with […]
Bild-Poll: Germans are losing faith in sanctions against Putin
As if spellbound, all of Germany is looking forward to next Thursday: it’s the day maintenance work on the Nord Stream 1 gas pipeline is expected to be completed – and de facto the day Putin will decide whether to turn off the natural gas tap to Europe, comments Bild am Sonntag. Business representatives are […]
Iran sanctions 61 Americans as nuclear talks stall
Iran said today it has sanctioned 61 more Americans, including former Secretary of State Mike Pompeo, for supporting an Iranian dissident group as months-long talks to revive a 2015 nuclear deal stalled, according to Reuters. Others blacklisted by Iran’s foreign ministry for expressing support for the exiled anti-establishment group Mujahideen-e-Khalq (MEK) included President Donald Trump’s […]
EU to propose new sanctions against Russia, amendments to previous actions
The European Union is set to propose on Friday a new package of sanctions against Russia over its invasion of Ukraine, as well as actions to tighten already approved sanctions packages, according to Bloomberg, citing people with knowledge of the matter. The new measures are expected to target Russian gold, introduce more trade restrictions on […]