sanctionsagainstrussia
The EU is planning to ban political parties and think tanks from accepting Russian funding as part of its latest round of sanctions against Moscow, Bloomberg reported on May 6. The European bloc has already adopted 13 sanction packages in response to Russia's full-scale invasion of Ukraine, aiming to undermine Moscow's economic output and the ability to sustain the war. EU leaders are expected to introduce a 14th round of sanctions%20to%20Europe.) in the coming months. According to Bloomberg, the ban on Russian funding could impact far-right parties in Europe, such as Germany's AfD and France'...
Kyiv Independent
The U.S. imposed new sanctions on May 1 against nearly 300 companies and individuals in Russia and third countries, including Chinese companies, for aiding Moscow's war effort, the Treasury Department announced. The U.S. Treasury Department imposed sanctions on around 200 targets, while the State Department targeted over 80. The sanctions are aimed at combating evasion and support for Russia's military-industrial base and its biological and chemical weapons programs, according to the Treasury statement. The move came after U.S. officials' repeated warnings about Beijing's support for Moscow's ...
Kyiv Independent
Russia's GDP is expected to grow by 3.6% in 2024, matching the growth rate of the previous year, Russian Finance Minister Anton Siluanov said on April 19. Russia's economy faced a shock and subsequent contraction after the beginning of the full-scale invasion of Ukraine in 2022. As the country weathered the onset of Western sanctions and growing isolation, Russia's GDP dropped by 2.1% in 2022. Since then, Russia has managed to survive Western sanctions through a variety of methods, and has continued to bolster its economy through oil sales, particularly to India and China. Siluanov said that "...
Kyiv Independent
Nearly 40% of sales at Russia's largest aluminum producer, Rusal, are at risk due to sanctions imposed by the U.S. and U.K., Bloomberg reported on April 16. The U.S. and the U.K. banned the supply of new Russian-made metals to global exchanges, including the London Metal Exchange (LME), but these sanctions do not prohibit the sale of metal from producers to traders or consumers. The company estimates that sanctions could affect 1.5 million metric tons of annual sales, compared to its production of 3.8 million metric tons last year and 4.2 million the previous year, an anonymous source told Blo...
Kyiv Independent
The European Parliament has adopted a directive on criminalizing the violation and circumvention of EU sanctions, namely in relation to sanctions targeting Russia, the parliament's press service reported on March 12. The EU has already announced 13 sanctions packages in response to Russia's full-scale invasion of Ukraine. The imposed measures have included trade restrictions, travel bans, freezing of assets, and more. While the sanctions are imposed on the bloc-wide level, definitions of sanction violations and penalties vary across member states. This has led to the so-called "forum shopping,...
Kyiv Independent
Canadian Foreign Minister Melanie Joly announced on March 3 that Canada is imposing another round of sanctions against Russia over the death of Russian opposition leader Alexei Navalny. Navalny, Putin's most prominent political opponent, died on Feb. 16 in a penal colony in Russia's far northern Yamal-Nenets Autonomous District. Leaders around the world pointed at Putin as to blame for Navalny's death. It remains unclear whether the harsh prison conditions caused his death or if he was intentionally murdered. According to Joly’s statement, the latest sanctions will be imposed on six Russian of...
Kyiv Independent
Editor's note: This is a developing story. The Council of the EU has adopted the 13th package of sanctions against Russia over its full-scale invasion of Ukraine, the Council said in a statement on Feb. 23. The package targets an additional 106 individuals and 88 entities involved in Russia’s aggression against Ukraine. The list includes companies from India, Sri Lanka, China, Serbia, Kazakhstan, Thailand, and Turkey, according to the statement. "As we reach the sad mark of two years since Vladimir Putin launched the full-scale invasion of Ukraine, the European Union keeps up the pressure on R...
Kyiv Independent
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