Contents tagged with Sanctions

  • Lawyers in the Crimea formed a working group to combat sanctions

    In the representation office of annexed Crimea under the President of the Russian Federation, lawyers established a working group that intends to seek the abolition of European and Western sanctions against the peninsula.

    This was stated by group’s chief on international legal issues in representation of the Crimea, Alexander Molokhov, RIA Novosti reported.

    He noted that Russian lawyers will work "in close contact with foreign [lawyers], as well as with the Ministry of Foreign Affairs and the …

  • Poroshenko: Russia doesn’t need peace, it needs control

    Ukrainian President Petro Poroshenko commented on a recent phone call in the “Normandy Format”. According to him, while talking to Russian President Vladimir Putin, he was once again convinced that the Kremlin does not need peace, but control.

    He mentioned this during a speech at the Royal Institute of International Affairs (Chatham House) in London.

    “The Russians are not interested in achieving peace. They are interested in gaining control. I felt it again on Monday, when, together with …

  • A mysterious growth of capital outflow from Russia has puzzled Russian banks and experts

    The volume of capital withdrawal from Russia abroad in the first quarter of 2017 puzzled the financial community. Regardless of the Central Bank’s forecasts about a yearly rate of $12 billion, the outflow for the first quarter alone has already amounted to $15.4 billion.

    According to the Central Bank itself, the reason lies in the growth of banks’ foreign currency purchases, but the banks themselves deny this. "We did not increase foreign assets in the first quarter of 2017," VTB Bank reported …

  • Czech Republic calls for maintaining sanctions on Russia until Minsk agreements are implemented

    The Czech Republic supports the preservation of sanctions against the Russian Federation until the Minsk Agreements on the settlement of the situation in eastern Ukraine are fully implemented, as stated by the Czech Minister of Foreign Affairs, Lubomir Zaoralek.

    "The Czech Republic supports the sanction policy until the full implementation of the Minsk Agreements. Our sanctions are linked to the illegal annexation of the Crimea and the use of force after that,” said Zaoralek at a joint news …

  • Putin exempts Russians who fell under sanctions from paying taxes

    Russian President Vladimir Putin signed a law exempting Russians who fell under sanctions from reporting income and paying taxes in Russia in certain cases. The law is retroactive, and is effective as of January 1, 2014.

    Earlier, an amendment to the Tax Code, prepared by a United Russia Deputy, Andrei Makarov, was adopted in the third reading by the State Duma of Russia. The law allows Russians who have business or property abroad and who have been sanctioned, to not be considered tax …

  • Rosneft calls decision of the EU Court on sanctions illegal

    In its press release, the largest Russian oil company, Rosneft, has said that the decision of the EU Court regarding sanctions against the company is illegal and politicized.

    The report notes that despite the fact that the European Union did not provide grounds for imposing sanctions during the process, the Court recognized their legality.

    "The court refused to admit that the EU sanctions were adopted, among other things, to achieve hidden goals, and are in fact a form of competitive …

  • Polish Senate excludes lifting sanctions on Russia

    The Polish Senate supports sanctions against the Russian Federation and does not consider their abolition possible, as stated by the Marshal of the Senate, Stanisław Karczewski, during a meeting with the Chairman of the Verkhovna Rada, Andriy Parubiy, as reported on the website of the Verkhovna Rada.

    In turn, Parubiy noted that the active inter-parliamentary dialogue is evidence of a mutual understanding of the importance of Ukrainian-Polish relations and their prospects.

    "In my opinion, …

  • Eight Russian companies placed under new US sanctions

    Eight Russian companies and organizations have been placed under new US sanctions in connection with their violation of US national legislation on non-proliferation and export control with respect to Iran, North Korea and Syria.

    According to the Russian news agency TASS, the list includes Rosoboronexport, the 150th Aircraft Repair Plant, the Aviaexport foreign economic trade company, the Bazalt Scientific and Research Corporation, the Scientific and Production Corporation “Engineering Design …

  • President of Belarus invited to visit the U.S.

    The U.S. Embassy in Belarus has sent an invitation to the President of the Republic, Aleksandr Lukashenko, to attend a ceremony marking the 100th anniversary of the United States' entry into the First World War, as reported by Interfax news agency citing the American diplomatic mission.

    "President Lukashenko, along with heads of other countries who were involved in the First World War, was invited to participate in the ceremony on the occasion of the 100th anniversary of the US entry into this …

  • Sberbank decides to leave Ukraine

    Russian Sberbank has announced its intention to abandon its Ukrainian subsidiaries.

    “We are looking for ways to withdraw from Ukraine. With such a position from the government, we do not have much time. I would not like to comment on anything, until we reach a final decision,” said Herman Gref, head of Sberbank.

    As reported by Rambler News Service, Gref called the sanctions against Sberbank in Ukraine “illegal actions”.

    “The situation in Ukraine is quite complicated. Emotionally complicated …