Sanctions
The United States and the United Kingdom will ban Russian exports of aluminum, copper, and nickel from the world's largest metal exchanges, the governments of the U.S. and U.K. announced on April 12. Metals are Russia's second-largest export commodity after energy products, though sanctions have decreased their value since the start of the full-scale invasion. The new action will block Russian metal producers from profits from the London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME). According to a press release from the U.K. government, the move targets $40 billion in Russian...
Kyiv Independent (CA)
The United States and the United Kingdom will ban Russian exports of aluminum, copper, and nickel from the world's largest metal exchanges, the governments of the U.S. and U.K. announced on April 12. Metals are Russia's second-largest export commodity after energy products, though sanctions have decreased their value since the start of the full-scale invasion. The new action will block Russian metal producers from profits from the London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME). According to a press release from the U.K. government, the move targets $40 billion in Russian...
Kyiv Independent
The United States and the United Kingdom will ban Russian exports of aluminum, copper, and nickel from the world's largest metal exchanges, the governments of the U.S. and U.K. announced on April 12. Metals are Russia's second-largest export commodity after energy products, though sanctions have decreased their value since the start of the full-scale invasion. The new action will block Russian metal producers from profits from the London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME). According to a press release from the U.K. government, the move targets $40 billion in Russian...
Kyiv Independent (UK)
Chinese banks have begun blocking payments from Russian companies for electronic component purchases since late March, the Russian state-controlled media outlet Kommersant reported on April 12. Some Russian businesses connected the complications to Western sanctions. The pressure of trade restrictions imposed on Moscow over its invasion of Ukraine has been recently putting a heavy strain on Russia's international business and financial ties, namely with China. The first issues with purchases for electronics started back in December 2023, mainly related to finished products, Kommersant said, ci...
Kyiv Independent (CA)
Chinese banks have begun blocking payments from Russian companies for electronic component purchases since late March, the Russian state-controlled media outlet Kommersant reported on April 12. Some Russian businesses connected the complications to Western sanctions. The pressure of trade restrictions imposed on Moscow over its invasion of Ukraine has been recently putting a heavy strain on Russia's international business and financial ties, namely with China. The first issues with purchases for electronics started back in December 2023, mainly related to finished products, Kommersant said, ci...
Kyiv Independent
Chinese banks have begun blocking payments from Russian companies for electronic component purchases since late March, the Russian state-controlled media outlet Kommersant reported on April 12. Some Russian businesses connected the complications to Western sanctions. The pressure of trade restrictions imposed on Moscow over its invasion of Ukraine has been recently putting a heavy strain on Russia's international business and financial ties, namely with China. The first issues with purchases for electronics started back in December 2023, mainly related to finished products, Kommersant said, ci...
Kyiv Independent (UK)
The Japanese government announced on April 5 its decision to ban exports of 164 goods to Russia, such as automobile engine oil and optical equipment, the Jiji Press news agency reported. The ban, which will take effect on April 17, will be implemented as part of Tokyo's sanctions against Russia due to its aggression against Ukraine. The items included on the list are those that could strengthen Russia's industrial base,the news agency wrote. "We will make every effort to implement the ban on exports to and imports from Russia in cooperation with the international community," Japanese Trade Min...
Kyiv Independent (CA)
The Japanese government announced on April 5 its decision to ban exports of 164 goods to Russia, such as automobile engine oil and optical equipment, the Jiji Press news agency reported. The ban, which will take effect on April 17, will be implemented as part of Tokyo's sanctions against Russia due to its aggression against Ukraine. The items included on the list are those that could strengthen Russia's industrial base,the news agency wrote. "We will make every effort to implement the ban on exports to and imports from Russia in cooperation with the international community," Japanese Trade Min...
Kyiv Independent (UK)
The Japanese government announced on April 5 its decision to ban exports of 164 goods to Russia, such as automobile engine oil and optical equipment, the Jiji Press news agency reported. The ban, which will take effect on April 17, will be implemented as part of Tokyo's sanctions against Russia due to its aggression against Ukraine. The items included on the list are those that could strengthen Russia's industrial base,the news agency wrote. "We will make every effort to implement the ban on exports to and imports from Russia in cooperation with the international community," Japanese Trade Min...
Kyiv Independent
The U.S. and U.K. are investigating several cryptocurrency transactions valued at more than $20 billion that passed through a Russian-based virtual exchange, Bloomberg reported on March 28. The transactions were reportedly made through the Russian-based exchange group Garantex using the dollar-pegged cryptocurrency Tether. The U.S. and U.K. have sanctioned transfers through Garantex on suspicion of enabling financial crimes and illicit transfers to Russia. Western countries have launched several rounds of sanctions against Russia and individuals associated with Vladimir Putin since the beginni...
Kyiv Independent (UK)
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