Hungary criticized U.S. sanctions on Gazprombank, stating that they pose a threat to the energy security of Central European countries, Foreign Minister Peter Szijjarto said in a statement on Nov. 22.
The U.K. has sanctioned Ukrainian oligarch Dmytro Firtash, along with Angolan billionaire Isabel dos Santos, and Latvian politician Aivars Lembergs, according to the U.K. government’s website statement on Nov. 21.
The expanded sanctions focus on vessels and ports involved in transporting Iranian-made unmanned aerial vehicles (UAVs), missiles, and related technologies and components.
The implications of Donald Trump’s imminent return to the White House on Russia’s illegal war in Ukraine are being minutely dissected. Will he deliver on his boast that he can end the war within 24 hours? How will he do that — if he can? At what cost to
Leaders of the Group of Seven (G7) released a statement reaffirming their "unwavering support for Ukraine for as long as it takes" and commitment to "severe costs" for Russia on Nov. 16.
The European Union is preparing to implement additional sanctions against Iranian individuals and entities involved in propping up Russia's war machine, Radio Free Europe/Radio Liberty (RFE/RL) reported on Nov. 15, citing a top EU official.
EU member nations hope to approve the package by the end of the year, in time to adopt the sanctions on Feb. 24, 2025 — the third anniversary of Russia's full-scale invasion.
Germany's Economy Ministry instructed its state-operated import terminal "to reject LNG deliveries from Russia until further notice."
About thirty Russian airlines, accounting for 26% of domestic passenger traffic, may go bankrupt in 2025, Russia's Izvestia newspaper reported on Nov. 13.
The fields supplying the plant pumped an average of 0.4 million cubic meters of gas per day in the first ten days of November, Bloomberg reported, citing a person with knowledge of industry data.
Almost three years after Russia launched its full-scale invasion of Ukraine, the West’s financial sanctions have finally started to bite, triggering fierce infighting within the Kremlin over control of Russia’s central bank. Russia’s business community has remained largely silent over the past two years, even as Western
"We have to strengthen anti-sanctions circumvention measures because Russia cannot produce (weaponry) without imported parts, chips and other components," the EU's chief diplomat, Josep Borrell, said at a news conference in Kyiv. "We should use sanctions to isolate Russia's industrial capabilities from imports from other countries."
The U.K. government on Nov. 7 announced its largest package of sanctions against Russia since May 2023, focusing on the Russian defense industry and mercenary groups.
The United Kingdom has been unable to retrieve its weapons from floating armories offering weapons and accommodation for guards defending Russian oil tankers, Bloomberg reported on Nov. 5.
The European Union’s anti-fraud agency opened an investigation into the possible exporting of rebranded Russian oil via Turkey into the EU, Politico reported on Nov. 5, citing two undisclosed sources.
"This volume of 'Shahed' drones means over 170,000 components that should have been blocked from reaching Russia," Zelensky said in his evening address. "Microchips, microcontrollers, processors, and many other parts are essential for enabling this terror."
Tankers bearing sanctioned Russian liquefied natural gas (LNG) have clustered off Russia's eastern coast following suspension of operations at the Arctic LNG 2 plant, indicating that Moscow is unable to find buyers for its product amid sanctions.
The recent limitations are applied to companies involved in sanctions evasion networks in 17 jurisdictions, including China, India, Malaysia, the United Arab Emirates (UAE), Thailand, and Turkey, according to the U.S. Treasury Department.
Western sanctions on Russia's Ozernoye zinc mine have left the company struggling to replace key equipment needed to boost production, several sources familiar with the situation told Reuters.
A draft budget submitted to the Russian parliament last month has outlined the Kremlin's plans to keep spending high in its wartime economy, with ambitions to maintain the steady levels of growth the country has seen since its full-scale invasion of Ukraine in February 2022. Surging government spending on war
Russia shot down one of its own drones — a large and stealthy S-70 — after it flew uncontrolled into Ukrainian territory in early October, sparking speculation about how Moscow lost control of this valuable asset so publicly. It’s an unforced error that will be keenly felt in Moscow, whose high
"You can be assured that the Biden administration is going to continue to tighten the screws against Russia’s LNG exports," Jeffrey Pyatt, assistant Secretary of State for Energy Resources, said.
The Financial Action Task Force (FATF) meets tomorrow, Oct. 22, and is expected to once again debate Russia’s blacklisting. That Russia, a clear state sponsor of terrorism, hasn’t been ousted from an intergovernmental body that sets global standards to combat terrorist financing, money laundering, and related financial crimes,
Microelectronics made by companies from the U.S., Switzerland, the U.K., and the Netherlands were found in the North Korean missile that was shot down over Poltava Oblast.
The two Chinese companies — Limbach and Redlepus — have been working in tandem with IEMZ Kupol, a subsidiary of the Kremlin-owned weapons company Almaz-Antey, to create the drones, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) said in a statement.
The move came after Russia and China have blocked monitoring activities at the United Nations. In March, Moscow vetoed the annual renewal of the panel of experts monitoring U.N. sanctions against Pyongyang over its nuclear and ballistic missile programs.
Russia's "shadow fleet" of older and poorly insured tankers transports 70% of the country's seaborne exports, according to an analysis published by the Kyiv School of Economics (KSE) Insititute on Oct. 14.
"We believe that this issue, the prolongation of the Russian sanctions, should be decided after the U.S. elections. We have to see in which direction the future U.S. administration is going with this issue," Hungarian Finance Minister Mihaly Varga said.
The United Kingdom issued sanctions against Russian units involved in the use of chemical weapons on the battlefield in Ukraine, the country's Foreign Office said on Oct. 8.
Two and a half years after Russian President Vladimir Putin ordered a full-scale invasion of Ukraine, the Russian economy seems like a riddle wrapped in an enigma of competing narratives. If you want to argue that the economy has been hobbled by Western sanctions, by the Kremlin’s prioritizing of
According to Bloomberg, the EU's sanctions would target "about a dozen individuals and entities," which includes firms involved in the engineering, metals, and aviation sectors.
"Evil Corp has used the Dridex malware to infect computers and harvest login credentials from hundreds of banks and other financial institutions in over 40 countries, resulting in more than $100 million in theft losses and damage suffered by U.S. and international financial institutions and their customers," said State Department spokesperson Matthew Miller.
